11/24/2022 | Bitcoinist
Shiba Inu Partners Up With Travala To Launch Exclusive Offer
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.
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.
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.
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:
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.