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You are here: Home / Archives for Travala

Travala

Shiba Inu Burn Rate Rises: Battles To Win Back Confidence After FTX Crash

November 26, 2022 by Mishal Ali

Today, the Shiba Inu burn rate climbed by 252% over the previous 24 hours, as per the Shibburn Tracking Services website statistics. A total of 23,735,647 SHIB tokens have been burnt in the last 24 hours, along with ten transactions.

25112022 0000
Source: Shibburn

A few days ago, millions of SHIBs were delivered to dead wallets, causing Shiba Inu’s burn rate to reach a peak of 1,082%. In all, 134,952,334 SHIB tokens had been burnt in 10 transactions.

This high was last seen in October when there were around 154 million SHIB. Due to the recent unfavorable market circumstances, SHIB daily burns have decreased to only a few million and even as low as 4 million tokens.

Shiba Inu has had a tough time since FTX crashed. Cryptocurrency markets are feeling the pain from this recent event, but Shiba Inu has been hit harder than most cryptocurrencies. 

Due to this decreased stability, the currency has moved down two spots to take up the 15th rank from its previous position as the 13th largest by market valuation.

However, the token is struggling to recoup its value. The CoinMarketcap’s data shows that it is currently trading at $0.000009244 with a gain of about 3% in both daily and weekly charts. 

SHIBUSD 2022 11 25 11 47 18
Source: Tradingview.com

Shiba Inu Ecosystem Developments

Shiba Inu has been battling to win back the confidence of its investors and make up for losses incurred as a result of the FTX crash. This week was, therefore, jam-packed with exciting events.

Such as, the Shiba Inu team has declared that holders of this meme coin are eligible for the project’s “exclusive special” from the blockchain-based travel agency Travala. If users pay with SHIB, the service will give them a free $25 travel credit to spend toward booking hotels, flights, and activities.

🏝 @Shibtoken x @Travalacom ✈️

We are excited to announce an exclusive special from our friends at Travala.

Use Shib Token to book Travel on Travala! Click this link https://t.co/HcT9B1ynx8 to get FREE $25 Travel Credit to use on 3M+ hotels, flights & activities! pic.twitter.com/dGtbiu4w6p

— Shib (@Shibtoken) November 24, 2022

After the well-known meme currency community succeeded in its “battle” with the competing canine coin Floki Inu back in December 2021, Travala decided to promote it. But in May of last year, the platform added support for Dogecoin, a competitor cryptocurrency to Shiba Inu.

The pseudonymous lead developer of the well-known meme currency Shiba Inu, Shytoshi Kusama, previously declared that they had been warmly asked to collaborate with the World Economic Forum with regard to their “MV global policy.”  

#ShibArmy I need a quick vote: We have been kindly invited to work with the WORLD ECONOMIC FORUM as it pertains to their MV global policy. Would love to know what you all think because it's not our decision, but yours.

— Shytoshi Kusama™ (@ShytoshiKusama) November 22, 2022

In order to find out whether the public supports a partnership between Shiba Inu and the WEF, Kusama conducted a Twitter poll. Currently, there have been around 22,775 votes, with the majority of supporters—about 63%—supporting such a partnership.

In a subsequent tweet, Kusama claims:

We would be at the table with policy makers and would help shape global policy for the MV alongside other giants like FB (bye Zuck), Sand, Decentraland etc. And please don’t ask my opinion, you already know.

Related Reading | TRON Founder Backed Poloniex Could Be Merging With Huobi; Details

Filed Under: News, Altcoin News Tagged With: Price Analysis, Shiba Inu, Shibburn, Travala

Chainlink [LINK] Finds Shelter At Travala As Its Price Heads For Recovery

September 24, 2020 by Sahana Kiran

The crypto industry along with blockchain technology has spread its wings across several industries. With the surge in both popularity and value of several cryptocurrencies, a wide range of platforms have incorporated crypto into their systems. Even though traveling with crypto sounds like a task due to the variation in regulations in different parts of the globe, Travala seems to be promoting the same. Further expanding its services, Travala recently welcomed its latest addition.

Travala On-boards Chainlink

Travala, known for its crypto-friendly travel booking services has been home to several cryptocurrencies and the platform just opened up a space for prominent altcoin, Chainlink [LINK]. Chainlink paved its way to the crypto spotlight with a noteworthy surge in its price followed by its place in the top ten cryptocurrencies.

The CEO of the travel company, Juan Otero pointed out that the platform decided to onboard this digital asset following increased demand from the community. He added,

“With cryptocurrency adoption on the rise, we want to ensure our users at Travala.com have access to the most popular payment choices. LINK has always been a token requested by members of our community, so we have responded to this request.”

Travala.com has had a strong inclination towards the crypto-sphere. The fairly new platform even rolled out its native cryptocurrency, the AVA token. Currently, users of the platform can book accommodation via prominent cryptocurrencies including, Bitcoin [BTC], Ethereum [ETH], Binance Coin [BNB], Dash [DASH], Tron [TRX], Bitcoin Cash [BCH], VeChain Token [VET], Stellar [XLM], Swipe [SXP] as well as its native token, AVA.

The travel platform, backed by Malta-based cryptocurrency exchange, Binance will reportedly allow LINK holders to choose from over 2.2 million accommodation options in about 230 countries.

Additionally, Chainlink was seen headed towards recovery. After witnessing an array of slumps in the past few days, Chainlink’s LINK token was finally seen in the green zone. During the time of writing, the altcoin was trading for $8.38 with a 3.40% daily increase in its price. The market cap of the coin seemed to have depreciated below the Crypto.com Coin [CRO] as LINK stood at $2.93 billion.

Filed Under: Altcoin News, News Tagged With: Chainlink (LINK), Travala

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