SHIB worth buying after IZEA added it as a payment method?

on Feb 11, 2022
  • SHIB saw an increase of 67% from the span of January 22 to February 11.
  • The token has showcased a lot of potential for growth.
  • SHIB is a worthwhile buy in February.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

Shiba Inu SHIB/USD is a cryptocurrency token that was initially inspired by the meme-token community surrounding Dogecoin.

As such, it was initially dubbed as the “Dogecoin Killer” however, over time it became much more.

It introduced the BONE and LEASH tokens within its ecosystem, both of which contribute to the utility of ShibaSwap. As such, over time, Shiba Inu implemented a huge ecosystem and has one of the most supportive communities out there.

The NASDAQ Listed ‘IZEA’ payment method addition as a catalyst for growth

On February 8, we covered how Shiba Inu went up 26% after a 6-day rally.

We got an official announcement from IZEA’s Twitter page directly that they started accepting Shiba Inu (SHIB) as a payment method for influencer marketing campaigns. 

Alongside that token, they will also be accepting Dogecoin DOGE/USD Litecoin LTC/USD, Coin CRO/USD, Bitcoin BTC/USD, and Ethereum ETH/USD.

This announcement came after the company’s survey results ended up indicating that most of the influencers, specifically, 64%, already own cryptocurrency, and 50% have expressed their desire to be paid in crypto for their content creation.

Should you buy Shiba Inu (SHIB)?

On February 11, 2022, Shiba Inu (SHIB) had a value of $0.00003124.

To get a better perspective as to what this value point means for the Shiba Inu (SHIB) cryptocurrency token, we will be going over it’s all-time high value, as well as its performance throughout the previous month.

The all-time high value of Shiba Inu (SHIB) was on October 28, 2021, when the token reached a value of $0.00008616. This means that at its all-time high, the token was $0.00005492 higher in value or by 175%.

When we go over last month’s performance, Shiba Inu (SHIB) had its highest point of value on January 2, 2022, when it reached a value of $0.00003419.

Its lowest point, however, was on January 22, 2022, when it decreased to a value of $0.00001864. This gives us an indication that from the span of January 2 to January 22, the token decreased in value by $ 0.00001555 or by 45%.

However, from January 22 to February 11, the token saw an increase of $0.0000126 or 67%.

With this in mind, we can expect SHIB to increase to $0.00005 by the end of March 2022.