• Shiba Inu announced a new collaboration with Mass Finance to enhance its ecosystem with AI-driven legal and fiscal solutions
• Mass Finance previously teamed up with the payment giant Stripe
• Shiba Inu’s price increased by 4% weekly, potentially due to the partnership, overall market revival, increased token burns, and reduced selling pressure
Shiba Inu has partnered with Mass Finance, an AI-powered platform that aims to simplify business setup and growth. This collaboration aligns with SHIB’s recent price increase and could help elevate it to new heights through enhanced capabilities.
The Latest Partnership
The meme coin project is joining forces with Mass Finance, which provides legal, fiscal, and banking tools for startups, funds, and incubators. It offers automated incorporation and AI assistance for financial and operational tasks, supporting both Web2 and Web3 entities.
SHIB Price Reaction
The partnership coincides with SHIB’s price resurgence. SHIB currently trades around $0.00001808, representing a 4% rise on a weekly scale. The rally could be attributed to an overall crypto revival, increased SHIB burn rate, and decreased exchange netflow signaling reduced selling pressure.
SHIB has a market cap over $10.6 billion, making it the 15th largest in the sector. According to IntoTheBlock, 54% of holders are now sitting on paper profits.
About Shiba Inu
Shiba Inu is a meme coin and Ethereum token that has grown to become a top 20 cryptocurrency by market cap. It aims to be an Ethereum-based alternative to Dogecoin.
Key features of the project include:
- Shibarium: A layer-2 blockchain scaling solution
- SHI: A stablecoin pegged to $0.01
- Incubator programs supporting blockchain startups
The ecosystem also includes NFTs, gaming, and metaverse initiatives.
Conclusion
The integration of advanced AI technology and collaboration with an established fintech provider signals Shiba Inu’s continued evolution. By enhancing capabilities and aligning with industry leaders, SHIB may be elevating itself to the next level in the meme coin space.
