Shiba Inu price on track to recover as AMC’s smartphone app accepts SHIB payments


  • Shiba Inu price is set to break out with the rising real-world utility and adoption of the meme coin. 
  • AMC has officially added Shiba Inu to accepted payment methods on its application.
  • A leading VIP travel company has announced the acceptance of Shiba Inu payments. 

Shiba Inu price could recover from its losses with the rising real-world adoption of SHIB. Business and applications with utility in the real world have announced SHIB acceptance, fueling a bullish outlook among investors. 

Shiba Inu ready to breakout, prepares for uptrend 

AMC Theatres, considered the world’s largest cinema chain, has announced the acceptance of Dogecoin and Shiba Inu payments through its application. As firms and institutions acknowledge the rising demand for crypto, they have started embracing payments in Shiba Inu, Dogecoin and Bitcoin. 

Within a few months of accepting crypto payments, AMC Theatres has added support for SHIB on its mobile application. AMC uses Bitpay to process its crypto transactions in the US. 

Taylor Travel Management Group has partnered with BitPay to accept Shiba Inu payments across their limousine, helicopter and private jet services. 

Proponents believe the rising real-world utility of Shiba Inu could increase the number of active users and on-chain activity and fuel a bullish outlook among investors. 

Analysts have evaluated the Shiba Inu price trend. @AltcoinSherpa, a pseudonymous crypto analyst and trader, revealed that he is accumulating Shiba Inu tokens, buying through the recent consolidation in the Dogecoin-killer. 

FXStreet analysts believe Shiba Inu price could double and set a target of $0.000050. Analysts observed a 22% rally in Shiba Inu price after announcing a Robinhood listing. According to analysts after multiple failed attempts, Shiba Inu price is ready for a breakout.

 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Dogecoin surges to $0.20 as meme coins outperform broader crypto market

Dogecoin surges to $0.20 as meme coins outperform broader crypto market

Dogecoin (DOGE) is rising alongside other major cryptocurrencies to trade at around $0.1990 on Friday. Interest in the largest meme coin is at an elevated level, approaching the highs seen in May, when DOGE rallied to $0.2597. 

Crypto Today: Bitcoin explodes toward $120,000, igniting interest in Ethereum and XRP

Crypto Today: Bitcoin explodes toward $120,000, igniting interest in Ethereum and XRP

The cryptocurrency market is beaming with anticipation of an extended rally, particularly in the price of Bitcoin (BTC), which has skyrocketed this week, hitting a new historical high of $118,870 on Friday. 

Bitcoin Weekly Forecast: BTC hits new all-time high and enters price discovery mode

Bitcoin Weekly Forecast: BTC hits new all-time high and enters price discovery mode

Bitcoin price prints a fresh all-time high near $118,900 on Friday, with bulls eyeing $120,000 as the next key milestone. Corporate and institutional demand remains robust, with spot Bitcoin ETFs recording a total of $1.69 billion this week as of Thursday.

Ethena records double-digit gains amid Upbit listing, Coinbase partnership

Ethena records double-digit gains amid Upbit listing, Coinbase partnership

Ethena (ENA) edges higher by 20% at press time on Friday, printing its fourth consecutive bullish day. The surge in buying pressure could be triggered by the increased volumes from the Korean market after the Upbit listing on Friday. 

Bitcoin: BTC hits new all-time high and enters price discovery mode

Bitcoin: BTC hits new all-time high and enters price discovery mode

Bitcoin (BTC) price prints a new all-time high near $118,900 on Friday, entering uncharted territory as bullish momentum accelerates.

The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

BTC

ETH

XRP