Shiba Inu Developments Signal Potential Growth

Shiba Inu's price has experienced a decline, but an air purifier company in the United States has recently started accepting Shiba Inu with a discount. Additionally, Coinbase is gearing up to introduce SHIB futures trading by July 15.

Shiba Inu (SHIB) is still in the process of recovering from the significant drop it faced in June, witnessing a staggering 32% decrease in its price. Currently, Shiba Inu is trading at approximately $0.00001709, showing a 1.7% decrease within the last 24 hours.

Despite the lackluster performance of SHIB in recent times, there is optimism within the cryptocurrency community regarding its potential rebound. This optimism stems from the historical performance of the asset and the favorable developments unfolding around it.

One notable development is the recent announcement made by Kronos Advanced Technologies Inc., an air purifier company based in the United States. Kronos has revealed its decision to accept Shiba Inu as a form of payment. This move was disclosed in a filing made by Kronos with the U.S. Securities and Exchange Commission in June.

The filing by Kronos emphasized that by 2024, around 1.38 million wallets hold Shiba Inu, showcasing the widespread ownership and popularity of SHIB among cryptocurrency enthusiasts.

The recent post titled 'Shiba Inu Bulls Eye Recovery: Kronos Adoption and Coinbase Futures Boost Sentiment' shapes the narrative around Shiba Inu's potential for recovery and growth amidst the acceptance by Kronos and the upcoming launch of SHIB futures trading on Coinbase.