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The Shiba Inu cryptocurrency token value experienced a recent pump, as the anonymous Ryoshi team announced the major release of the Shiba Inu Visa burn card, with its simple, yet evidently effective campaign slogan, "Make payments, burn SHIB." It has been the report of the ShibArmy team for some time now, that Shiba Inu has been focused on developing real utility within the cryptocurrency industry, and not settling on being 'just another meme coin', as it was at its beginning.
Shiba Inu was quickly pegged to the title and nickname, 'the Dogecoin killer', which makes clear what the focus and sentiment was for the token from its early days. With the release of the Visa Burn Card, the value of the Shiba Inu coin reportedly rose almost 8% in less than 24 hours officially. Additionally, the burn rate of SHIB tokens has increased behind the recent release and announcement, seeing card purchases already driving the burn protocol, as well as direct token purchases from exchanges, which also spiked after the news surfaced.
As if news of the brand new digital payment method wasn't enough to drive excitement and positive outlook back to the once globally trending Shiba Inu cryptocurrency, the breaking information was supported by other relevant news. Shiba Inu has gained traction by becoming an increasingly active cryptocurrency spot trading option on globally recognized centralized exchanges. $SHIB has been added to an increasing number of centralized crypto exchanges in a particularly tough season for the digital assets market. The $SHIB token economy has been positioned to benefit from potential increase in daily trade volume in this way, by becoming a viable option for an increased number of traders and investors via listings on globally recognized CEX's.
All recent $SHIB news suggests the Shiba Inu decentralized community has grown a step closer to its goal of distinguishing itself as a viable decentralized project with relevance in the financial and global payments sectors. The Visa Burn Card and recent exchange listings come together to offer clear evidence into what the Shiba Inu team has been busy working towards. The $SHIB token value has increased following the news, while many other cryptocurrencies retraced and experienced pullbacks behind the Federal Reserve's announcement of a .75% rise in inflation.
It is almost unanimously agreed by all experts and Shiba Inu holders, that the new Visa Burn Card, enhanced burn mechanism largely attributed to the new payments card, and increased listings, are all good news. The Shiba Inu team and community, however, have publicly expressed their focus on developing the ecosystem and Shiba Inu token utilization scheme even further.
This seems to potentially just be the beginning of future developments that may come from Shiba Inu. As the market continues in a relatively day to day outlook amidst even more interest and inflation rate uncertainty, and other factors affecting the volatility of all markets, the ShibArmy faithful have expressed clear expectations to progress even in what many are calling a full on bear market, and incoming, possibly not even the start of, the largely anticipated crypto winter.
