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  • SHIB ranks 12th among the best payment methods on crypto payment gateway, Coingate, in less than 12 months.
  • Amid the crypto winter, SHIB is seeing positive sentiment and an increase in the number of token holders.

Recently, Lithuania-based crypto payment gateway Coingate celebrated the first anniversary of its partnership with Shiba Inu. After appreciating the full support of the SHIB community for the project, the leading crypto payment processor announced that SHIB payments was the 12th most popular payment on its platform.

Coingate is surprised at the rapid rise in popularity of SHIB payments on its platform, given that their partnership is barely a year old.

One of the reasons for the wider adoption of SHIB payments on the Coingate platform was that it allowed users to purchase unlimited gift cards with crypto. But, more importantly, it allowed these users to redeem their gift cards seamlessly. For example, some users used their gift cards to pay for Airbnb apartments and buy new clothes on Nike or Zalando.

Others used the redeemed gift cards to play the latest PS5 and Steam games. Another reason for the rapid increase in the adoption of SHIB payment on Coingate was that Coingate did not charge its users any fees when they purchased SHIB or any other crypto using their credit cards.

Meanwhile, Coingate has proven that its partnership with SHIB was beyond business. He celebrated SHIB’s second anniversary in August. Additionally, he congratulated the community and developers on the launch of the highly anticipated Shiba Eternity, the platform’s collectible card game.

Certik’s Latest Weekly Project Spotlight Focuses on SHIB

In its latest weekly project spotlight, blockchain security firm, Certik, Noted that the downturn in the crypto market caused by the FTX crash had not affected Shiba Inu. Certik noted that SHIB token holders have increased over this period while there have been generally positive sentiments regarding the crypto and the SHIB network.

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The blockchain security company explained that its Skynet social analysis (the Social Sentiment Index) for SHIB was 79%. A score that indicates general positive feelings about the asset. Certik added that SHIB’s score ranks among the best given the current circumstances prevailing in the crypto space.

The blockchain security firm added that it had observed an increase in the number of SHIB token holders, even though the price of the digital asset was falling like other digital assets. According to Certik, SHIB token holders are now 1.27 million, indicating an increase of 0.25% in the last 24 hours.

An in-depth analysis of the increase indicates a steady increase in the number of SHIB token holders over the past two days. This indicates that many investors are ready to buy or increase their SHIB tokens regardless of the current crypto market conditions. SHIB’s 1.27 million token holders rank among the highest in the past 60 days.

Meanwhile, SHIB’s promising metrics may have been caused by recent positive developments surrounding the network. The latest development of the SHIB metaverse project is the launch of the second concept of the Tech Trench Hub.

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