Should you buy Shiba Inu (SHIB) on December 8 after it won the Travala.com token battle?

Shiba Inu SHIB/USD is a decentralized cryptocurrency that was created in 2020 by an anonymous person or group that goes by the name “Ryoshi.” 

While it was initially created as an inspiration from Dogecoin (DOGE), it eventually became its own ecosystem which is currently growing at a rapid pace.

On November 11, we discussed how the price of the SHIB token had the potential to explode in value.

On December 7, Travala announced that Shiba Inu won the token battle. What this means is that SHIB is now listed as a payment method at Travala.com and gives its users the ability to book over 3 million travel products on a global scale. 

The travel website set up a token battle between the FLOKI token and the SHIB token on December 2, where the winner would get listed on Travala, among other rewards.

That said, Shiba Inu games, which is a separate entity within the meme coin’s ecosystem, conducted a partnership with PlaySide Studios, which is Australia’s largest video game developer.

The goal of this collaboration is to develop a new game that is fully based on the “Satoshi” Non-fungible token (NFT) collection throughout the span of the next eight months.

Furthermore, on December 6, a whale purchased $2,019,048.79 worth of Shiba tokens. This is yet another huge purchase of SHIB tokens this year, which showcases the genuine interest in Shiba Inu.

All of these developments have the potential to grow the SHIB token’s value.

On December 8, Shiba Inu (SHIB) had a value of $0.00003703.

To truly understand what this value point means for the SHIB token and how far the token can grow, we will compare it to its historical performance in November, as well as its all-time high value.

The all-time high-value point of the SHIB token took place on October 28, when the token reached a value of $0.00008616. Here, we can see that the token was $0.00004913 or 132% higher in value at its all-time high-value point.

On November 1, the SHIB token had its highest point of value of the month at $0.00007409.

Its lowest point of value of the month was on November 24, when the token fell to $0.00003667.

This gives us an indication that the token fell in value by 50% or by $0.00003742.

According to data from IntoTheBlock, SHIB saw $3.6 billion in transactions greater than $100,000 within the span of the last seven months.

At the $0.00003703 value point on December 8, SHIB is a worthwhile token to buy as it has the potential to reach $0.00006 by the end of December; with all of the developments and ecosystem growth, we’ve seen as of recently. This makes the SHIB token worth buying.

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