• Many still believe a recovery is in SHIB’s near future.
• BlueWhale0073 recently purchased 142.6 billion SHIB tokens.
• Another reason for SHIB’s possible recovery is the fact that SHIB is expanding into flight and hotel bookings.

Although (SHIB) has seen a price drop during the chaos in the crypto market in recent weeks, many still believe a recovery is in SHIB’s near future.

The reason for this belief may be that whales have been spending a lot of money on meme coins. Although large wallet investors on the chain have shed their SHIB, “BlueWhale0073” has bought 142.6 billion SHIB tokens recently.

Another reason for SHIB’s possible recovery is the fact that SHIB is expanding into flight and hotel bookings. SHIB recently expanded its capabilities with a partnership with XcelTrip. This is a global decentralized booking platform that includes 450 airlines and 2 million hotels as well as car rental agencies.

It is a mission to promote blockchain technology and cryptography and it recently revealed that it would accept cryptocurrency, SHIB included, for payment.

The agency also accepts SHIB.

Notably, SHIB’s price predictions seem to be mostly positive. SHIB prices have shown moderate volatility, according to analysts. Analysts also concluded that SHIB’s price is protected from price manipulation and trending near resistance. SHIB saw support in the area of $0.00001073, and resistance around $0.00001079.

SHIB’s current value is $0.00001174, after a decrease of 4.31% in the price during the last 24hrs according to CoinMarketCap.

SHIB’s market cap currently stands at $6,445,173,444. A 24-hour trading volume for the meme coin was $626, 218, 864. The number of transactions is now down 15.21% compared to yesterday.

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