SHIBARMY meets with the Turkish Minister of Economy, what does this mean for the SHIB token?
Mustafa Elitaş, the Deputy Chairman of the AK Party Group and Turkey's Minister of Economy, met up with members of the SHIB community.
The main discussion was the adoption of cryptocurrency within the country.
They had a face-to-face meeting, and the SHIB ecosystem was addressed.
Shiba Inu (SHIB) is one of the most popular meme-inspired cryptocurrency tokens out there.
The community behind the token is known as the #SHIBARMY, and they are very vocal on social media channels.
The meeting with the Minister of Economy for Turkey as a catalyst for growth
According to an official Twitter post on March 9, 2022, the Shiba Inu Türkiye page posted an official update that members of the SHIB c ommunity there had a face-to-face meeting with Mustafa Elitaş, which is the Deputy Chairman of the AK Party Group and Turkey's Minister of Economy.
The meeting occurred shortly after the meme-inspired cryptocurrency overtook the native cryptocurrency of the FTX exchange known as FTT.
This adoption of SHIB in Turkey could lead to a heightened level of utility and increase its overall value.
Additionally, Shiba Inu also became accepted by AMC Theaters, according to an official announcement by Adam Aron, the CEO of AMC Entertainment Holdings, Inc.
Should you buy Shiba Inu (SHIB)?
On March 11, 2022, Shiba Inu (SHIB) had a value of $0.00002235.
In order for us to get a better perspective as to what kind of value point this is for the SHIB cryptocurrency token, we will be going over it's all-time high point of value, alongside the performance it showcased throughout the previous month.
The all-time high value of the Shiba Inu (SHIB) token was on October 28, 2021, when it reached a value of $0.00008616. Here we can see that, at its ATH, the token was $0.00006381 higher in value or by 285%.
When we discussed the value of the token throughout the previous month, Shiba Inu (SHIB) experienced its highest point of value on February 7 at $0.00003477.
Its lowest point of value, however, was on February 24, when the token decreased to a value of $0.0000216.
This gives us an indication that the SHIB token decreased in value by $0.00001317 or by 38%.
This puts SHIB at a solid price point to buy, as it can reach $0.00004 by the end of March 2022.