Alpha Topup, a business-to-business (B2B) solution that offers mobile top-up and data services, has recently revealed that it will allow customers to use Shiba Inu (SHIB) for mobile top-up transactions. The website of Alpha Topup indicates that the company has 150 million users from 160 countries and a network of over 1200 mobile operators.
Alpha Topup’s official tweet referred to SHIB as the “hottest meme coin of the year.” By allowing SHIB to be used for mobile top-up transactions, Alpha Topup may attract a new user base for the cryptocurrency. This could be a significant development for Shiba Inu (SHIB).
Shiba Inu (SHIB) has become a highly popular cryptocurrency project, attracting a significant following of supporters known as the SHIB Army. As a result, many companies have tried to integrate SHIB payments into their operations to tap into this large audience.
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The SHIB Army has demonstrated its strength in the crypto space by working together to achieve common goals for the project. Given the size of this following, it’s understandable that several firms are seeking to cater to them.
Shiba Inu on the Downtrend
Despite the growing adoption of Shiba Inu (SHIB), the value of the cryptocurrency continues to decline. Over the past 24 hours, the token has dropped by 2.43%, while it has dropped by 14.34% over the last month. Currently, SHIB is encountering resistance at $0.00000948 while having support at $0.00000843. These resistance levels were last broken in January 2023. Since its annual peak in February, when it pumped to $0.00001575, the token has decreased. Based on the daily chart, SHIB is currently experiencing a bearish trend.
Source: Tradingview
Shiba Inu (SHIB) closely follows the price trend of Bitcoin (BTC), which has recently completed a bearish inverse head and shoulders pattern. BTC’s price could drop further, reaching between $22K and $25K.
However, once BTC starts to recover, there is a possibility that SHIB may also experience a positive price rebound. Currently, SHIB is trading at $0.00000865, having gone up by 0.12% in the last hour.
