Shiba

2024

Solana

Shiba Inu

<p class="is-style-lead">Shiba Inu (<a href="https://crypto.news/price/shiba-inu/" target="_blank" rel="">SHIB</a>) is back in the red just one day after rising nearly 12% following news that U.S. users could buy the meme coin right within the PayPal app.</p> 
<p>MoonPay announced its collaboration with PayPal on May 2, with the main goal being to make it easy for people to switch from regular money to cryptocurrencies like Shiba Inu.</p> 
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   <p lang="en" dir="ltr">🌙 Exciting news from MoonPay! 💳<br><br>Today, we're thrilled to announce a game-changing integration: MoonPay has partnered with <a href="https://twitter.com/PayPal?ref_src=twsrc%5Etfw" target="_blank" rel="">@PayPal</a> to offer seamless fiat-to-crypto transactions for users in the U.S.!<br><br>🧵👇 <a href="https://t.co/N3kobMR2ru" target="_blank" rel="">pic.twitter.com/N3kobMR2ru</a></p>— MoonPay 🟣 (@moonpay) <a href="https://twitter.com/moonpay/status/1786020717798002980?ref_src=twsrc%5Etfw" target="_blank" rel="">May 2, 2024</a>
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<p>According to a MoonPay blog <a href="https://www.moonpay.com/newsroom/paypal" data-type="link" data-id="https://www.moonpay.com/newsroom/paypal" target="_blank" rel="">post</a>, the integration would make it simpler for MoonPay customers who use PayPal for online shopping to get into crypto. </p> 
<p>Specifically, when they choose PayPal, users can pay for their crypto using their PayPal balance, debit cards, or direct bank transfers.</p> 
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   <p lang="en" dir="ltr">JUST IN: 🇺🇸 US PayPal users can now purchase the following cryptocurrencies through MoonPay:<br><br>• <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$SHIB</a><br>• and some other crypto</p>— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) <a href="https://twitter.com/LucieSHIB/status/1786066839908299247?ref_src=twsrc%5Etfw" target="_blank" rel="">May 2, 2024</a>
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<p>Following the announcement, the price of SHIB went up by 11.98% to $0.00002553. </p> 
<p>The uptick was in tandem with other large-cap meme coins such as Dogwifhat (<a href="https://crypto.news/price/dogwifhat/" target="_blank" rel="">WIF</a>), Floki (<a href="https://crypto.news/price/floki/" target="_blank" rel="">FLOKI</a>), and Dogecoin (<a href="https://crypto.news/price/dogecoin/" target="_blank" rel="">DOGE</a>), which all <a href="https://crypto.news/dogwifhat-floki-dogec-soar-crypto-market-cap-7-percent/" target="_blank" rel="">went up</a> by double digits.</p> 
<p> You might also like: <a href="https://crypto.news/solana-meme-coins-surge-despite-crypto-market-decline/" rel=""> Solana meme coins surge despite crypto market decline </a> </p> 
<p>In the last 24 hours, SHIB has lost more than 3% of its price. It’s currently changing hands at about $0.00002479.&nbsp;</p> 
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  Shiba Inu 24-hour price chart | Source: CoinMarketCap
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<p>The price dip was accompanied by a 24-hour trading volume of $484,021,533, which, according to CoinMarketCap, was a more than 45% <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="">drop</a> from the previous day’s levels.</p> 
<p>Interestingly, Shiba Inu was not the only meme coin whose price dipped in the last 24 hours. Most of the major meme tokens that previously enjoyed double-digit upsurges were down by between 0.88% and 4.83%.&nbsp;</p> 
<ul> 
 <li>Dogecoin was previously up by 20.27%. It’s now trading at $0.1603 — a 2.20% decrease in value in the last 24 hours. </li> 
 <li>Floki did well at the start of the weekend, going up by an impressive 21.58%; It’s currently in the red, having shaved off about 2.78% of its value over 24 hours.&nbsp;</li> 
 <li>Bonk (<a href="https://crypto.news/price/bonk/" data-type="link" data-id="https://crypto.news/price/bonk/" target="_blank" rel="">BONK</a>), which ranks sixth among meme coins by market capitalization, lost nearly 5% of its price. Much like its peers, the Solana-based meme coin had a great start to the weekend too, jumping 11.51% to reach $0.00002915.</li> 
 <li>WIF seems to have suffered the least damage in that time frame, registering a miniscule 0.88% dip in its price. Previously, it had been among the best-performing meme coins, with a nearly 29% price jump at the beginning of the weekend.&nbsp;</li> 
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<p> Read more: <a href="https://crypto.news/bitcoin-climbs-above-60k-after-us-labor-market-report/" rel=""> Bitcoin climbs above $60k after US labor market report </a> </p>

Shiba Inu sees red again after brief surge, PayPal partnership

crypto.news

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