Shiba Inu Can Now Be Used for Booking Over 2 Million Hotels

·2 min read

Shiba Inu is one of the leading meme coins in the world, and its use case has been increasing in recent months. The coin has gained adoption from numerous corporate entities, and the trend is set to continue.

SHIB Payment Option Now Available to Millions of Travelers

Travel agency Travala has announced that it is now accepting Shiba Inu as payment for its numerous products and services. The agency accepts more than 60 cryptocurrencies as means of payment and has now added SHIB to the list.

The travel agency announced this latest development via a tweet yesterday, stating that its customers can now pay for books at more than two million hotels worldwide. Travala said, “$SHIB is now listed as a payment method on http://Travala.com to book over 3M travel products worldwide.”

This latest development is a huge win for the Shiba Inu community. Travala is a travel and booking agency and offers more than three million products and provides services to millions of travelers worldwide.

It also comes a few days after the Wolf of Wall Street Jordan Belfort said meme coins like Shiba Inu and Dogecoin don’t have any real use cases, and the developers should be jailed. Shiba Inu has gained massive adoption in recent weeks.

Leading theater chain AMC added SHIB to the list of cryptocurrencies it will accept at its movie theaters in the coming weeks. Newegg, a tech-focused e-commerce platform, also announced last month that it is now accepting Shiba Inu for its products.

SHIB Inu is Currently Underperforming

Shiba Inu has been underperforming in recent weeks. The coin has lost more than 50% of its value since it reached a new all-time high two months ago. At press time, SHIB’s value is down by 3.40%, and it is trading at $0.0000369 per token.

SHIB is trading above its 100-day SMA. Source: FXEMPIRE
SHIB is trading above its 100-day SMA. Source: FXEMPIRE

SHIB’s MACD line has slipped below the neutral zone as the coin’s performance continues to be poor. The RSI of 39 shows that SHIB is heading towards the oversold territory. At the moment, SHIB is trading above its 100-day simple moving average of $0.0000303.

This article was originally posted on FX Empire

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