Should you invest in the SHIB token as it's starting to build up its use-cases?

Shiba Inu SHIB/USD started out as a meme-token; however, over time it evolved into its own ecosystem.

There’s ShibaSwap, an innovative rewards system, the Shiba Incubator, and two other tokens, including LEASH and BONE.

Increased use-cases as a catalyst for growth

Shiba Inu is building up the overall use-cases it has within the cryptocurrency market.

This is due to the fact that it is currently the 13th largest cryptocurrency token in terms of market capitalization, despite the fact that it started off as a meme token.

The Canadian telehealth company, Ask The Doctor added $1.5 million in Shiba Inu to their balance sheet and plans to accept the cryptocurrency as payment.

The movie theater chain AMC Entertainment also said that they would accept payments in SHIB tokens.

There is even speculation surrounding the addition of the Shiba Inu (SHIB) token to Robinhood’s trading platform, where a lot of their customers have been calling for it.

Additionally, according to the creator of the token, Ryoshi, the crypto is forming its own metaverse called the Oshiverse.

We also saw Flexa Network make SHIB available to over 40,000 merchants in the U.S.

Should you invest in Shiba Inu (SHIB)?

On December 13, Shiba Inu (SHIB) had a value of $0.00003434.

To see what this value point means for the token, we will go over it’s all-time high value and make comparisons with its performance last month.

In terms of the all-time high value of the SHIB token, it occurred on October 28, when the token increased its value to $0.00008616. Here, we can see that the SHIB token was $0.00005182 higher in value, or by 150% at its ATH value point.

When we go over the SHIB token’s performance in November, we can see that on November 1, the token had its highest value of the month at $0.00007409.

However, it fell to its lowest value point of the month at $0.00003667 on November 24. Here, we can see that the token decreased in value by 50% or by $0.00003742 throughout November.

According to data from IntoTheBlock, the SHIB token saw $2.73 billion in transactions greater than $100,000 within the span of the last seven days.

Additionally, within the last 30 days, the SHIB network saw an average of 976.6k addresses.

This puts it at an excellent price point to enter with, as it has the potential to climb to $0.00008 again by the end of January 2022 with these increased use-cases.