SHIB and This Altcoin Receive Giant Announcements: Price Jumps!

Shiba Inu (SHIB) and Synthetix (SNX), a popular altcoin project, have announced big news. After the new announcements, the prices of altcoins rallied, rising. Here are the details…

Famous company accepted Shiba Inu (SHIB) as payment method

Printful, an automated printing and shipping company in the USA, announced SHIB. Accordingly, the company now accepts Shiba Inu as a payment method. From now on, global Shiba Inu fans have the advantage of paying to Printful via Bitpay. With their SHIB, they can print the special products they want to the company. Printful prints custom products on demand for online businesses. It also ships every incoming order to its customers around the world. In the latest announcement, the firm has adopted cryptos as a form of payment for its services through Bitpay. Accordingly, it announced that they accept 13 major cryptocurrencies, including Shiba Inu (SHIB).

The full list of supported cryptocurrencies includes Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), Dogecoin (DOGE), USD Coin (USDC), Bitcoin Cash (BCH), Litecoin (LTC), Dai (DAI), Wrapped Bitcoin (WBTC), Gemini Dollar (GUSD), Pax Dollar (USDP), Binance USD (BUSD) and Ripple (XRP). However, it’s worth noting that you need to be a member of Printful to pay with cryptocurrencies. After the announcement, the SHIB price started to rise. The popular meme coin was worth $0.00001234, up 5.24% at the time of writing.

Synthetix renews deal, SNX price rises

Synthetix developers announced that the protocol’s DAO has renewed an agreement with liquidity provider Jump Crypto. On top of that, the price of the protocol’s token SNX has soared by over 14% in the past 24 hours. DAOs are decentralized organizations that do not have central leadership and are managed by their members. Its decisions are driven by software rather than human managers. Synthetix developers shared a tweet Thursday night: “Jump Crypto’s experience in data-driven trading and providing liquidity will make Synthetix stand out among on-chain derivatives.” Jump Crypto firm is expected to work closely with the Synthetix ecosystem to provide liquidity. The firm provides liquidity services and investments. In addition, he participates in project management.

Synthetix (SNX)

SNX rallied as high as $3.37 during Asian trading hours. Then, taking profits saw prices drop to $3.25 at press time. The SNX token gained over 19% last week. However, a market-wide drop affected the price. Thus, it was withdrawn to the monthly low of $2.13 in early July. However, despite the recent decline, it managed to increase by 4% compared to last month. In other words, it has risen like SHIB. It seems that the fundamentals of Synthetix are strong. As we reported, the project has recorded over $2.8 billion in transaction volume since March. This increase in transaction volume was owed to atomic and continuous swap products.

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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.