Shiba Inu ( SHIB ) can now be used to pay for Netflix and Spotify monthly subscriptions thanks to payment gateway NOWPayments' recurring invoicing tool. Businesses that also run subscription services can now allow their clients to pay for subscriptions in SHIB with the tool.

Individuals or businesses could also make use of NOWpayments' recurring custodial payments, which allows them to set up separate billing accounts for users or customers and let them top up these accounts with the cryptocurrency of their choice as a payment method. SHIB use cases for payments continue to grow, ranging from car dealerships accepting SHIB to a whole metaverse, which Shiba Inu is actively developing.

SHIB burn rate jumps 68% According to the SHIB burn website, the Shiba Inu burn rate is up 68%, as millions of SHIB are sent to dead wallets. In the past 24 hours, over 22,465,336 SHIB tokens have been burned, and eight transactions have been made.

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The historical trend of the Bitcoin price movement
If the historical pattern of Bitcoin’s price movement continues, it will create a bull run in early 2023. Over the past four years, the cycle has shown bull runs with growing momentum coming after bear markets. Thus, this information assumes that the asset will commence a new price rally next year. In 2014, the market was down by 60%; in 2018, by 70%; and in 2022, it was down by 60%. Historical trends like this suggest a bull run in early 2023.

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Shiba Inu Price Prediction for January: This Is What Will Determine Future Trend.

The SHIB price has decreased below a descending resistance line since Aug. 14. The line caused several rejections in late October – early November before falling sharply (red circle). The drop caused a breakdown below the $0.0000098 support area and its validation as resistance on Dec. 5 (red icon).

The SHIB coin price has decreased since and validated the $0.0000080 area as support on Dec. 19.

Despite the validation and ensuing bounce, no bullish reversal signs exist. The daily RSI is moving upward but it is still below 50 and has not generated any bullish divergence yet.

Due to the lack of decisive signs in either direction, the Shiba Inu price prediction for January still needs to be determined. Whether the SHIB price breaks out from the descending resistance line or breaks down from the $0.0000080 area could determine if the future price trend is bullish or bearish.

Shiba Inu lead developer Shytoshi Kusama has revealed that Shibarium, the Shiba ecosystem layer 2 scaling solution, will launch very soon, but not during the holidays.

In a tweet, Kusama called on the Shiba community to focus on spending the Christmas and New Year holidays with their families. In a follow-up tweet, the developer hinted that Shiba Inu developers will continue to work on ecosystem projects through the holiday season.

Happy Holidays to more than half the. Wen Shibarium? Please know it will come very soon*, but not during a crucial time for people to spend with their family (or the resulting New Years party time). Enjoy these next days, next year is an important one for humanity,

The remark sparked new speculations in the Shiba community. One SHIBArmy member, as the Shiba Inu community is called, commented that from Kasuma’s statement, development on Shibarium is complete. However, the team is just waiting for the right moment to deploy.