Top Dubai Airline Accepts SHIB & Others For Flights

Shiba Inu’s (SHIB) adoption just received a substantial boost from the United Arab Emirates (UAE). All customers of the Dubai-headquartered Emirates Airlines are now able to pay in Shiba Inu coin (SHIB), as well as 29 other crypto currencies, when boarding on a flight, paying for in-flight services & goods.

Shiba Inu’s Acceptance Rate Just Got a Massive Boost

This is available to eligible UAE residents for bookings priced and settled in Emirati Dirham (AED) via the Crypto.Com Pay app. The mutual efforts of Crypto.Com & Dubai’s government to make digital payment accessible to travelers aligns with Dubai’s Cashless Strategy under the D33 Economic Agenda.

Here’s what Adnan Kazim, Emirates’ Deputy President and Chief Commercial Officer had to say about the Shiba Inu & other crypto integration within the modern air travel industry:

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“Bringing this initiative to life delivers on our commitment to expanding customer choice in how they pay for travel. It also reflects the rapidly evolving preferences of a younger, digitally fluent generation who manage their money and plan their journeys primarily from their phones and they expect the airlines they fly with to keep pace”.

Will Shiba Inu’s Newly-Found Demand Arouse The Bulls?

A few weeks ago, the social sentiment surrounding Shiba Inu (SHIB) sharply rose to levels resembling the ‘golden age’ of 2021, reaching above 0.08% percent according to Santiment. That has put Shiba Inu (SHIB) back on the pedestal, as the meme coin embarked on a 36% rally for no apparent reason. SHIB retraced half of that once the momentary hype dried off.

And the narrowing Bollinger Bands (BOLL) once again hint at a consolidation phase. Plunging below the $0.00000500 psychological threshold, Shiba Inu’s technical price setup is bound to three key levels. Trading volumes & the current support floor strength will determine which one makes the cut.

If Shiba Inu’s (SHIB) price breaks the red-label Bollinger Band at $0.00000476, a push back above the resistance is plausible. However, plunging below $0.00000456 means more dip. SHIB’s currently standing right in the middle of that setup at $0.00000466.

Other key metrics remained neutral: the Bull Bear Power (BBP) index slightly shifted towards the bearish side. Similarly, the True Strength Index (TSI) showcased slightly negative numbers, which is typical of market correction. With SHIB locking in new demand via airflights, it will be intriguing to see if that reflects on the Shiba Inu dog-imprinted meme coin.

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