CoinGate, a fintech company, has integrated Shiba Inu (CRYPTO:SHIB) with Polygon (CRYPTO:MATIC) and Binance Smart Chain, enabling SHIB holders to purchase products from renowned brands like Nike and book services such as Airbnb.

Despite these advancements in utility, the price of SHIB has been consolidating, fluctuating within a narrow range.

Nonetheless, recent advancements, such as the launch of Shibarium and successful fundraising for a layer-3 blockchain, indicate growing confidence in SHIB's potential.

While the current price remains relatively stable, a breakout could see SHIB surge by over 13%, while a breakdown might result in an 8% decline from the current level.