Shiba Inu price: Here’s why SHIB price is starting the week with a surge 

By:
on Jul 18, 2022
  • Shiba Inu price has surged by over 37% over the past 30 days.
  • Today, SHIB has started the week on a 2.4% rise to solidate its bullish trend.
  • Shiba Inu is now accepted as payment by Monaco-Based Luxury Yacht Brokerage Company.

Shiba Inu has been making headlines now and then following the various developments surrounding it. As a result, the Shiba Inu price has maintained a bullish outlook over the past 30 days.

With a rise of about 37.5% over the past thirty days, it means that the SHIB token has meticulously gained over 1% every day.

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At the time of writing, the SHIB was trading at $0.00001124.

But is Shiba Inu’s price starting the week on a bullish note? This article will look at the recent development surrounding the current SHIB price surge.

Why Shiba Inu price is surging today?

One of the most recent SHIB price catalysts is the recent partnership between Yachtzoo, a Monaco-Based Luxury Yacht Brokerage Company, and BitPay, a pioneer blockchain payment company.

In a blog post published on the Yachtzoo website, the luxury boat company states that it shall start accepting cryptocurrencies as payment through BitPay. And BitPay supports the use of a wide range of cryptocurrencies as payments including Shiba Inu (SHIB), Bitcoin (BTC), Dogecoin (DOGE), Bitcoin Cash (BCH), and Ethereum (ETH) among others.

Yachtzoo is a Monaco-based yacht brokerage company that was founded in 2017. The company has expanded its business across the world and it now has offices in London, Monte Carlo, Buenos Aires, Fort Lauderdale, and Yokohama.

In the published blog, Yachtzoo notes:

“Our partnership with BitPay offers a host of benefits to our clients, ensuring all payments are secure and efficient. Unlike the high cost of credit cards that charge 3% transaction fee, BitPay charges 1% to approve the transaction and settlement. Additionally, BitPay offers the best bid exchange rates.”

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