Is a bullish rally coming for SHIB?

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Shiba Inu (SHIB) has made a lot of progress since its presence in the crypto industry. According to reports, a five-star luxury hotel called W Dubai has made it possible for customers to make reservations with the token. The hotel has a private beach and guests have the luxury of enjoying the city’s skyline and the Arabian Gulf. This was made possible by the Travala travel website.

Travala’s interest in meme currency dates back to December 2021 when he added Shiba Inu as a payment option on the site. The website has also made it possible for users to use the Shiba Inu to book more than 3 million travel products worldwide. Some of these include travel packages, flights, and hotels.

A few months ago, Travala announced that the token could be used to reserve luxury cars like Ferrari, Lamborghini, Rolls-Royce, McLaren, Aston Martin, and Bugatti on the site. It was recently reported that the Shiba Inu was added as a payment option on the ticket and hotel booking platform, XcelTrip. This means that users in more than 70 countries can use the meme currency to book 2.3 million hotels, more than 450 airlines, and car rentals.

Shiba Inu achieves a high acceptance rate

Additionally, NOWPayments merchants implemented the SHIB BSC payment gateway to enable the acceptance of Wrapped SHIB tokens. The asset has also been widely accepted by whales with “BlueWhale0073”, said to be ranked 494th on Whalestats, buying 130,419,267,297 SHIBs valued at $1,531,122. It was ranked in the top ten most bought tokens among the 500 largest ETH whales holding $686,057,410 worth of SHIB. IntoTheBlock also revealed that large transactions over $100,000 are up 126% in the last 24 hours.

Recently, Altcoin analyst Sherpa predicted that the Shiba Inu could have a bull run soon. He revealed to have sold 1/3 of his shares, but he would still keep the rest in anticipation of this run. According to him, Shiba Inu have the potential to get better yields again.

SHIB: I’m still in this trade, but I already took 1/3 off yesterday. I’m personally going to hold onto it a bit longer because I think I could have another run. The reasoning is that it seems like it’s been building up for a while, and these usually add up more than you think.

The price could increase from the Shibarium documentation. Shiba Inu is down 14.46% in the last 24 hours and is currently trading at $0.00001. Bitcoin (BTC) also fell 10% during the same period and is trading at $17,400.

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