Top Fashion brand, John Richmond in another step further towards SHIB adoption introduces SHIB and LEASH burns for its online shop. Here 9% Shib & 1% Leash will be burned for every purchase through NOWPayments.
In a Mar. 26 tweet, it says ”More Partnerships? Here we are coming in hot! We are proud to accept and burn SHIB and LEASH for our online shop at @Johmrichmond. 9% Shib & 1% Leash will be burned for every purchase through @NOWPayments_io”.
On the heels of Milan Fashion Week, where it introduced its fall 2022 collection via a presentation, the brand unveiled a partnership with meme cryptocurrency Shiba Inu for the launch of an NFT-based fashion collection later this year.
Tagged John Richmond x Shib, the collection will include 10,000 non-fungible tokens bowing in the second quarter of 2022. Physical counterparts to the NFTs will then be paraded on the John Richmond runway during September’s Milan Fashion Week, slated to run Sept. 20 to 26.
According to on-chain analytics, Santiment “the past week of crypto saw several breakouts en route to Bitcoin nearly scraping $45k. CBG (+140%), ETC (+48%), CVX (+34%), AXS (+28%), and ADA (+26%) have led the charge of altcoins continuing to recover toward their 2021 market cap levels”
Bitcoin presently trades at $44,595, representing a 1% gain on the day. Bitcoin is on course to mark the fifth consecutive day in the green after rebounding from lows of $40,509 on Mar. 21. This positive run brought bitcoin to highs of $45,130 on Mar. 25, before the price stabilized near the $44,000 today.
Cardano continued its positive run to reach highs of $1.17 on Mar. 25. Cardano has also reclaimed a seventh place in cryptocurrencies by market valuation at $39.05 billion, flipping Terra’s LUNA. ADA’s inclusion in a new Grayscale fund and Coinbase enabling Cardano staking may have contributed to its upward momentum.
At press time, ADA was changing hands at $1.14, up 5% in the last 24 hours and 26% over the past week. On-chain analytics firm Santiment reports the accumulation of ADA among large holder addresses, leading to the recent price increase.
Chainbing (CBG), an underlying decentralized data network consisting of hardware nodes involved in data storage is up a whopping 140% for the week.
Ethereum Classic (ETC) remains another top weekly gainer. In an official blogpost titled “Migrating to ETChash Post ETH Merge” the Ethereum Classic welcomes “disenfranchised” ETH miners who may lose out on their stream of income when the Merge occurs. The reported success it’s seeing in the migration of miners might have likely contributed to the latest rise.
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