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 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.

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:

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.

Looks like Litecoin and Solana have overtaken the memecoin | Source: CoinMarketCap

Featured image from Ferhat Deniz Fors on Unsplash.com, chart from TradingView.com

The Shiba Inu team has announced an “exclusive special” from blockchain-based booking platform Travala. 

Those who use the popular meme coin for booking hotels, flights, and activities will be able to get $25 in travel credits.

As reported by U.Today, Travala added support for the popular meme coin back in December 2021. The platform’s users picked it over another popular canine cryptocurrency. 

Travala makes it possible to book more than two million hotels around the world with various cryptocurrencies.

The platform added support for Dogecoin, the main Shiba Inu rival, last May. 

Earlier this month, Travala tweeted that Shiba Inu holders could book five-star luxury hotel “W Dubai” with their SHIB tokens. 

In May, the company allowed its users to book supercars, such as Lamborghini, Rolls-Royce, McLaren, Aston Martin, and Ferrari, with the help of the popular meme cryptocurrency. 

Travala, which was launched back in 2017, currently supports roughly three million travel products. Last July, the company also introduced a decentralized home rental service called Dtravel. Travala offers dozens of payment methods, but its user base mainly consists of cryptocurrency enthusiasts. 

XcelTrip, another blockchain-powered travel platform, followed Travala’s suit by implementing SHIB payments in May.  

Despite seeing more and more adoption, the price of the SHIB token is down 89.48% from its record peak that was achieved last October.   

The second-biggest meme coin is currently trading at $0.000009 on major spot exchanges. 

AVA price went parabolic on Wednesday as demand for traveling jumped. The Travala token rose to a high of $1.2400, which was the highest level since August 1. This price was about 81% above the lowest level this month, giving it a market cap of over $50 million.

Travel demand continuing

Travala.com is a relatively small but fast-growing company that is using the blockchain technology to disrupt the vast travel industry.

The company operates a portal where people can book over 2.2 million hotels and accommodations using cryptocurrencies. It competes with the likes of Priceline, Expedia, and TripAdvisor.

As a blockchain-first company, Travala launched AVA, its native token. AVA is a cryptocurrency that people can use to pay their hotels and accommodations. It is a token based on the Binance Chain (BEP-2), Binance Smart Chain (BEP-20), and Ethereum (ERC-20). 

AVA holders get more perks when they use it to book their accommodations and flights. For example, they receive a 3% discount on the total booking fee. They also receive up to 2% giveback. Other benefits of using AVA are voting rights and access to the proof of travel NFT program.

AVA price has done well in the past few months as global travel rebounded. According to its website, Travala users booked 8,433 room nights in July and 2,057 flights. Its revenue rose by 48% year on year while the number of Smart members rose to 6,568. 

Further, over 16.7% of the circulating supply of AVA has been locked by Smart users to earn rewards. 75% of all bookings in Travala were made in cryptocurrencies.

Therefore, the Travala price has risen as investors anticipate more growth as the travel industry stages a strong comeback. Indeed, most similar companies like Trip and Priceline have seen their shares climb.

AVA price prediction

The four-hour chart shows that AVA price has been in a bullish trend in the past few days. In this period, the stock managed to move from June’s low of $0.4570 to today’s high of $1.2490. It has moved above the 25-day and 50-day moving averages and the ascending trendline shown in black. 

The Relative Strength Index (RSI) has moved above the overbought level. Therefore, the coin will likely resume the bearish trend as sellers target the next key support at $0.8487.

AVA price went parabolic on Monday as investors bought the dip in the coin. The Travala.com coin rose to a high of $1.50, which was the highest level since May 1st. The price was about 227% above the lowest level this year.

Travala rebounds

Travala is a startup that seeks to transform the travel industry using blockchain technology. It enables people to book and pay for their flights using cryptocurrencies. 

The platform is disrupting one of the biggest industries that is currently dominated by the likes of Airbnb, Booking, Expedia, Trip.com, and TripAdvisor among others.

Travala is powered by AVA, its native cryptocurrency that is accepted in over 2.2 million hotels and accommodations around the world. It is both an ERC and BEP coin, meaning that it is based on the BNB Chain and Ethereum’s blockchains.

AVA token holders can get discounts, subscribe to a loyalty program, and use the Proof of Travel techology that will be launched in the coming months. It is also used in Travala’s NFT platform.

Still, the biggest challenge for Travala is that the AVA token fluctuates all the time. Indeed, the coin has crashed by about 86% from its highest point this year. As such, many hotels and airlines are likely to decline to accept the coin.

The next key catalyst for the AVA price is the upcoming earnings by leading companies in the travel industry. For example, firms like Airbnb, TripAdvisor, and Booking will publish their earnings in the coming weeks. Other well-known brands in the sector like Marriott and Hilton have all published strong results. 

Analysts believe that the industry is doing well as the travel sector recovers. For example, Travala’s revenue in June was over $5 million, representing a year-on-year growth rate of 44%. The revenue came from 9k room nights booked and 2,399 flights booked.

AVA price prediction

The daily chart shows that the AVA price found a strong support at $0.4475 this year. It briefly moved slightly above the important resistance level at $1.0. At the same time, the MACD moved slightly above the neutral point. It also rose above the 25-day and 50-day moving averages.

Therefore, there is a likelihood that the Travala token will continue rising as buyers target the next key resistance level at $1.50. A drop below the support at $0.50 will invalidate the bullish view.

Travala, a blockchain-based travel company backed by Binance, has added support on their website for payments in Shiba Inu. The Australia-based crypto-forward company’s official account tweeted congratulations to Shiba Inu supporters for winning the token war it put up a few days ago by way of a poll, noting that SHIB is now featured as a payment method on Travala’s website and can be used to book over 2 million hotels worldwide and flights from more than 600 airlines using the SHIB token.

While it is a big win for the ShibArmy, Travala has openly embraced crypto payments for a while now. The platform already accepts more than 40 major cryptocurrencies for payments on their website. The Travala token battle between Floki Inu and Shiba Inu gained close to 4.9 million votes. Shiba Inu got some 3.4 million votes in the battle — accounting for 69 percent of the total turnout. Fellow dog coin and rival meme coin, Dogecoin was added to the list of available payment options in early May 2021.

Travala also has its own native token AVA, which is a multi-chain token based on the Binance Smart Chain and the Ethereum blockchain.

This is yet another instance where the SHIB community continues to support the meme token and keeps pushing for its wider adoption across platforms that accept crypto payments. The win comes shortly after the community’s overwhelming support on social media convinced Kraken to list Shiba Inu on its exchange. The listing process did take close to a month for Kraken to complete, but it did eventually happen.

For the last few months, Shiba Inu has been in headlines more than most other altcoins, including DOGE. In November, major US movie theatre chain AMC theatres also announced that it would accept SHIB payments. Almost all major exchanges including Binance, Kraken, Coinbase, and Gemini have listed Shiba Inu for trading. It seems that Robinhood is all that’s left, and the community has been consistently calling out the US-based exchange to make it happen.

SHIB also managed another landmark earlier this month. The cryptocurrency reached over 1 million holders despite the dip in value over the past month — a feat only a few major altcoins have achieved so far.

At the time of publishing, Shiba Inu’s value was at $0.000036 (roughly Rs. 0.002723), marking a 3 percent dip over the past 24 hours. As per CoinGecko, SHIB’s value has dipped more than 36 percent over the past month.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

Crypto-friendly travel website Travala has added support for the shiba inu cryptocurrency. SHIB can now be used to book more than 3 million travel products worldwide on the site, including flights, hotels, and travel packages.

Travala Adds Support for Shiba Inu Crypto

Travel website Travala announced Tuesday that shiba inu cryptocurrency has been added to its website as a payment method.

The official account for the company tweeted congratulating shiba inu supporters for winning the token battle it set up a few days ago, adding that SHIB is now listed as a payment method on Travala.com and can be used to book over 3 million travel products worldwide.

Travala set up a “token battle” between FLOKI and SHIB on Dec. 2. The company explained that the cryptocurrency with the most votes after 72 hours “will win a listing on Travala.com.” In addition, “All users who vote for either token will receive a share of $15,000 in AVA, which will be dispersed in accordance with the votes cast.”

The voting ended with SHIB as the clear winner.

“We pride ourselves on being the leading cryptocurrency-friendly accommodation booking platform,” Travala’s website states. Currently, users can pay with 77 cryptocurrencies, including the meme cryptocurrency dogecoin (DOG) and the newly listed SHIB.

The crypto-friendly travel site reported earlier this month that its total revenue for November was $7.2 million, a 683% increase year-on-year. Furthermore, 82% of all bookings in November were paid with cryptocurrencies.

The adoption of shiba inu crypto has been rising steadily. In November, cryptocurrency exchanges Kraken and Gemini added support for SHIB. Newegg is set to accept shiba inu for payments this month and AMC Theatres promises to accept SHIB in the first quarter of next year. Meanwhile, shiba inu supporters have been petitioning for the popular trading platform Robinhood to accept SHIB. At the time of writing, 544,304 signatures have been collected.

What do you think about Travala adding support for shiba inu (SHIB) cryptocurrency for payments? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

The Dtravel platform will be powered by the TRVL token and facilitate cryptocurrency payments.

Travel booking platform Travala announced yesterday it was launching a decentralised platform for home-sharing which will provide an alternative to Airbnb. The platform will be called Dtravel and enable users to pay with cryptocurrency, as well as traditional methods, for short and long-term stays.

The team behind Dtravel comprises former executives from global technology companies including Airbnb and Expedia. The project raised $5 million in a seed round backed by NGC Ventures, Kenetic Capital, AU21 Capital, Future Perfect Ventures and others.

The current model of the home-sharing economy is marred by centralised control, high fees, limited payment options and lower levels of trust. These are all issues which Dtravel aims to solve.

Travala’s CEO and Co-founder, Juan Otero, explained, “Traditional home sharing platforms are aligned with their users in the early stages, but over time this changes. With the need to return profits to shareholders, home-sharing platforms are forced to extract as much as possible from transactions on their platforms. Dtravel meets the needs of the home-sharing community first and forever. It’s easy-to-use, highly secure, and optimized for the next generation of hosts and guests looking to take back control of their travel experience.”

The Dtravel Decentralised Autonomous Organisation (DAO) gives control back to the community by enabling them to govern the platform. The introduction of decentralised finance (DeFi) blockchain technology and smart contracts also creates better trust between guests and hosts.

The platform will have its own token, TRVL, which can be used to book stays, govern the platform and qualify for rewards through staking. TRVL will soon be available on both Ethereum and Binance Smart Chain, and more than $35 million in TRVL is up for grabs for the first 100,000 hosts to register.

TRVL aims to align the interests of Dtravel users, who can also earn extra revenue from referrals and participating in troubleshooting, community forums and user support. Guests can pay for their stays with various cryptocurrencies and fees are 7.5%, compared with up to 20% charged by similar centralised platforms. Hosts can also enjoy up to $1 million in damage protection and public liability insurance.

Future Perfect Ventures Founding Partner, Jalak Jobanputra, added, “With travel starting to rebound and a record level of interest in blockchain technologies like cryptocurrencies, Dtravel gives eager people what has been missing to date: control and ownership over their own travel experiences.”