Shiba Inu price movement: how can the CoinGate and ZenGo integration impact the price of the SHIB Token?

By: Milko Trajcevski
Milko Trajcevski
Milko leverages his passion for cryptocurrencies and teaches investors something new each day. During his spare time, he loves… read more.
on Nov 19, 2021
  • In the last 24 hours, SHIB saw an increase in trading volume by 82%.
  • CoinGate integrated the Shiba Inu token into its services.
  • Samsung-Backed Crypto Wallet Listed Shiba Inu (SHIB).

Shiba Inu SHIB/USD has been one of the most popular meme-coins out there, which has truly taken the world by storm.

What started off as just another Dogecoin-inspired spin-off quickly turned into its own ecosystem through the introduction of Shiba Swap.

The CoinGate integration and Samsung-Backed Crypto Wallets as catalysts for growth

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On November 11, we explored how high SHIB’s value could explode throughout November.

On November 17, two things happened that truly shook the Shiba Inu (SHIB) community in a good way.

CoinGate made an announcement that it has integrated Shiba Inu (SHIB) as their newest cryptocurrency offering. 

This means that from this point onward, every CoinGate user, from merchants to traders or Gift Card shoppers, can accept, buy, trade, or even spend this meme-coin on anything they want to.

Aside from that, even ZenGo, a crypto wallet backed by Samsung, announced that the meme coin will be available on their platform, where users could buy, send, receive, and trade SHIB tokens. 

This announcement marked yet another milestone for the SHIB token, especially given the fact that ZenGo is one of the first wallets to implement it.

They even took things further by donating $2,000 to The Giving Block’s Animal Cause Fund. All of this publicity for the SHIB token has the potential to increase its value even further.

Should you buy Shiba Inu (SHIB)?

On November 19, Shiba Inu (SHIB) had a value of $0.000044.

To get a better perspective as to what kind of value point this is for the token, we will be comparing it to it’s all-time high value as well as its performance in October.

When it comes to the value in October, SHIB had its lowest point of value on October 1, when it was worth $0.000007179.

On October 28, SHIB had its all-time high value of $0.00008616. This marked its highest point of value for the month. Here, we can see an increase of $0.000078981 or by 1100%.

However, from October 28 to November 19, the token decreased in value by $0.00004216 or by 48%.

According to data from IntoTheBlock, SHIB saw $1.91 billion in transactions greater than $100,000. 

With this in mind, this might be the perfect opportunity to buy the SHIB token, as it has the potential of reaching $0.00008 by the end of November.

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