- Shiba Inu price is down, but a U.S. air purifier company now accepts SHIB with a discount.
- Coinbase plans to launch SHIB futures trading by July 15.
- These developments signal potential growth for Shiba Inu despite its current price slump.
Shiba Inu (SHIB) has yet to fully rebound from the bearish onslaught it suffered in June when its price plunged by over 32%. At press time, Shiba Inu trades around $0.00001709, down 1.7% in the last 24 hours.
Despite the underwhelming performance, the crypto community remains hopeful about the asset’s rebound, considering its history and positive developments surrounding it.
One such development was the announcement by Kronos Advanced Technologies Inc., a U.S.-based air purifier company, that it will accept Shiba Inu as payment. Kronos announced its acceptance of SHIB in exchange for its products in a June filing with the U.S. Securities and Exchange Commission.
In the filing, Kronos highlighted that as of 2024, approximately 1.38 million wallets hold Shiba Inu, emphasizing that the figure reflects the widespread ownership and popularity of SHIB among crypto enthusiasts.
To commemorate the milestone of accepting SHIB payments, Kronos is offering a limited-time promotion for customers who choose to pay with SHIB. Specifically, customers who purchase an air purifier using SHIB will receive a 10% discount on their order for a limited period.
The news has generated significant bullish sentiment around SHIB in the crypto community, which views the development as a major step towards crypto adoption. Moreover, this move further strengthens Shiba Inu’s appeal beyond its meme origin, adding it to the growing list of firms adopting SHIB.
Another significant Shiba Inu-focused announcement that could potentially reward SHIB holders this month is Coinbase’s latest filing with the U.S. Commodity Futures Trading Commission (CFTC) regarding the derivatives market. Specifically, the exchange filed with the CFTC last Friday to list a new Shiba Inu futures product, with plans to launch trading by July 15.
According to Coinbase, introducing a Shiba Inu futures product will provide users with additional ways to manage risk and participate in the crypto economy, all while requiring lower upfront capital.
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