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Shiba Inu

Shiba Inu Partners Up With Travala To Launch Exclusive Offer

Keshav Verma
by Keshav Verma
2 years ago
·
Posted in Shiba Inu
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Shiba Inu has partnered up with the crypto travel booking website Travala to launch an exclusive special offer for SHIB holders.

Shiba Inu Holders Can Now Get $25 In Free Travel Credits On Travala

As announced by SHIB in a tweet, Travala has released an “exclusive special” in partnership with the memecoin.

With this new offer, all holders of Shiba Inu are eligible to claim $25 in free travel credits on the booking website.

Users simply have to head to the link provided by the SHIB twitter handle, and create a new account or sign in with an existing one to avail the credits.

Travala is a popular blockchain-based travel booking website that allows users to book hotels, flights, and activities using various payment methods, including cryptocurrencies. The platform is backed by Binance, the largest crypto exchange in the market by trading volume.

Shiba Inu And Travala

The exclusive special offer from Travala and SHIB, live now | Source: Shiba Inu On Twitter

The booking website currently accepts a wide variety of cryptocurrencies as possible payment options, including (but not limited to) the likes of Bitcoin, Ethereum, Tether USD, and Litecoin.

In May of last year, Dogecoin got ahead of its rival in becoming the first memecoin to be added to Travala’s listings.

Related Reading: Bitcoin Trading Volume Down To 3-Month Low As FTX Volatility Fades

However, it wasn’t long before Shiba Inu also made it, as the travel platform started taking payments in SHIB during last December.

Travala also launched a home-rental service as a competitor to Airbnb last year, called Dtravel. Naturally, the platform also supports crypto-based payment options.

SHIB Continues To See Downtrend, Falls Down To 15th In Top Crypto List

Shiba Inu has been having a bad month so far as the FTX crash has delivered a significant blow to the memecoin.

Related Reading: Study Shows Dogecoin Investors Among ‘Least Stressed’ In Aftermath Of FTX Disaster

At the time of writing, SHIB’s price is trading around $0.00000896, down 1% in the last week. Over the past month, the crypto has lost 12% in value.

Here is a chart that shows the trend in the price of the memecoin over the last five days:

Shiba Inu Price Chart

The value of the crypto seems to have observed an almost full recovery out of the plunge from a few days back | Source: SHIBUSD on TradingView

While cryptos across the market have suffered from the effects of the FTX collapse, SHIB has been especially weaker compared to the other top coins.

As a result of this lower strength, the memecoin has now lost its place as the 13th largest on the market cap list, dropping two positions down to the 15th spot.

Shiba Inu Market Cap

Looks like Litecoin and Solana have overtaken the memecoin | Source: CoinMarketCap
Featured image from Ferhat Deniz Fors on Unsplash.com, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Keshav Verma

Keshav Verma

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Keshav is a Physics graduate who has been employed as a writer with Bitcoinist since June 2021. He is passionate about writing and through the years, he has gained experience working in a variety of niches. Keshav holds an active interest in the cryptocurrency market, with on-chain analysis being an area he particularly likes to research and write about.

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