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