Shiba Inu (SHIB) Meme Coin Burn Rate Increases Mildly Amid Recent Rally
The burn rate of the Shiba Inu (SHIB) meme coin has seen a slight increase this week, with 307 million tokens burnt in the past seven days. Despite a sharp decline in burn rate over the past 24 hours, the community remains optimistic about the future of SHIB, with new projects and partnerships expected to increase token transactions. The recent rise in SHIB token burn is seen as a positive sign for traders and enthusiasts, although the coin's price has only seen a 10% upside move amid a larger rally in meme coins. Currently, SHIB is trading at $0.00000781, down nearly 2% in the past 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MetaCene (MAK): Unlocking Real Value in Virtual Worlds
What is MetaCene (MAK)? MetaCene (MAK) is a play-to-earn game that offers an innovative economic ecosystem where players can earn cryptocurrency and NFTs through various in-game activities. MetaCene provides players with a rich, immersive gaming experience set in a futuristic world where players ca
Why Bitcoin Isn’t Experiencing an Explosive Surge? Analytics Company Reveals the Real Reason
Why doesn't the Bitcoin price show sudden increases like before? The analysis company shared the report containing its thoughts.
What Does Bitcoin Dominance Tell Us? Why Is It Increasing? Here is the Latest Report
Bitcoin (BTC) dominance continues to rise. So what's behind this rise? Here's the data.
Which Country Owns the Most Bitcoin? El Salvador is in Fourth Place
Interestingly, El Salvador is at the bottom of the list of governments with the most Bitcoin. Here are the details.
Trending news
MoreCrypto prices
More
