• Decentralized online booking platform XcelTrip has bagged a partnership with Shiba Inu, SHIB can now be used for flight and hotel bookings. 
  • Ethereum whale “BlueWhale0073” recently scooped up 142.6 billion Shiba Inu tokens while other large wallet investors shed their SHIB holdings. 
  • Analysts believe Shiba Inu could break out of its downtrend soon. 

Dogecoin-killer Shiba Inu recently witnessed a price drop in the crypto bloodbath. However, the rising number of partnerships and utilities could fuel a recovery in the meme coin Shiba Inu. 

Ethereum whale scoops up Shiba Inu 

While large wallet investors on the Ethereum blockchain have shed their Shiba Inu holdings, “BlueWhale0073” has scooped up 142.6 billion SHIB tokens recently. The whale added these Shiba Inu tokens to his portfolio for $1,539,417. 

Accumulation by large wallet investors is considered bullish for meme coins like Shiba Inu. Polygon (MATIC) has replaced Shiba Inu as the most traded token among top 100 Ethereum whale wallets. 

Shiba Inu expands into flight and hotel bookings

Shiba Inu recently expanded its utility with a new partnership. XcelTrip is a decentralized booking system with 450 airlines, 2 million hotels and car rental agencies globally. The application is keen on making blockchain and cryptocurrency mainstream, and recently announced the acceptance of cryptocurrencies like Shiba Inu as payment. 

The decentralized traveling agency accepts Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Bitcoin Cash (BCH), LiteCoin (LTC), Binance Coin (BNB), and the company’s native token – Xcellab Ecosystem – XcelDefi (XLD) in addition to Shiba Inu. 

Analysts predict Shiba Inu price recovery 

Analysts have evaluated the Shiba Inu price trend and identified moderate volatility. Analysts concluded that Shiba Inu price is protected from price manipulation and trading near resistance. The meme coin has found support around $0.00001013 and resistance at $0.00001079. 

Shiba Inu could recover from the selling pressure and breakout of its downtrend. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Cardano Price Forecast: ADA set for 20% rally as bullish bets increase

Cardano Price Forecast: ADA set for 20% rally as bullish bets increase

Cardano (ADA) price extends its rally on Monday after gaining more than 13% last week. On-chain metrics suggest a bullish picture as ADA’s long-to-short ratio reached the highest level in over a month.

More Cardano News
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH hold steady while XRP gains momentum

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH hold steady while XRP gains momentum

Bitcoin (BTC) has been consolidating between $94,000 and $100,000 for almost two weeks. Ethereum (ETH) price follows in BTC’s footsteps and hovers around $2,680, while Ripple (XRP) shows strength and extends its gains on Monday after rallying 14% last week.

More Cryptocurrencies News
Bitcoin (BTC) vs Gold (XAU): Asset Tokenization expert weighs impact of US Inflation on 2025 price trends

Bitcoin (BTC) vs Gold (XAU): Asset Tokenization expert weighs impact of US Inflation on 2025 price trends

Bitcoin price consolidated at $97,000 on Feb 15, down 6% within the monthly time frame, reeling under bearish headwinds from US tariff wars and rising inflation.

More Bitcoin News
Dogecoin (DOGE) Price mirrors XRP rally as SEC acknowledges Grayscale ETF Filings

Dogecoin (DOGE) Price mirrors XRP rally as SEC acknowledges Grayscale ETF Filings

Dogecoin price surged 3% on Friday, extending its weekly timeframe gains to 17% as ETF speculation gains traction.

More Dogecoin News
Bitcoin: BTC consolidates before a big move

Bitcoin: BTC consolidates before a big move

Bitcoin price has been consolidating between $94,000 and $100,000 for the last ten days. US Bitcoin spot ETF data recorded a total net outflow of $650.80 million until Thursday.

Read full analysis
The Best Brokers of the Year

The Best Brokers of the Year

SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.

Read More

BTC

ETH

XRP