Good News for SHIB and These 2 Altcoins: This Company Adds!

Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Shiba Inu (SHIB) continue to gain global acceptance.

SHIB is now considered a donation

A Florida-based Church announced in April 2022 that it will accept three major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. As we have reported, the Church recently announced that it will accept Shiba Inu (SHIB) as a donation throughout the year.

The first Miami Presbyterian Church became the second Church to accept cryptocurrencies as donations, after a Mississippi-based Church that accepted cryptocurrencies as donations last October. Founding president of the Christian Transhumanist Association, Rev. Dr. Christopher Spotlight announced to the community via tweet that the Shiba Inu has been accepted as a donation.

Christopher Benek said in a statement after the announcement:

It is our hope that through our financial education and advocacy we can teach people to be generous, both within the Church and around the world. So that we can all do only good things every day. So, in other words, it’s not ultimately about the amount of the gift – it’s about the intention behind it.

Florida-based Church opens the door to more companies for cryptocurrencies

Rev. Spot reveals that Florida-based Church is surrounded by numerous tech companies everywhere. Therefore, many of the loyal visitors and congregations interact with cryptocurrencies. Thus, he gets information about the market. The church is located in the heart of Miami’s financial district, Brickell Ave. The church offers both in-person and online services with the faithful’s option to donate in BTC, ETH, DOGE and SHIB.

Shiba Inu (SHIB) price analysis

The Shiba Inu is about to close its 9th consecutive week candle. It is currently trading at $0.000007926. It rose slightly to 1.17% in the last 24 hours. According to CoinMarketCap data, trading volume dropped 23.80% while market cap fell 3.31%.

Good News for SHIB and These 2 Altcoins

Similar to DOGE, the Shiba Inu has been in a downtrend since November 2021. SHIB has been falling steadily for the past six months. Meanwhile, the market did not provide a very favorable environment for the Shiba Inu.

On the technical side, the RSI has been predominantly below neutral 50 since late April. In conclusion, it can be said that the Shiba is under the control of bears. OBV fell in December 2021 and has been in a sideways movement for more than six months.

The power of the bears is felt on a global scale

Cryptocurrency markets around the world hit a new low as of June 18, 2022. Almost the entire altcoin project is trading at half or even less than the ATH price.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing site 3 months ago.