Shiba Inu saw its burn rate skyrocket by 6750%, with over 27 million tokens withdrawn from circulation as a result. This rise in burn activity is giving investors a boost of optimism.
SHIB remains in a tight range as new meme coins steal the spotlight, and Shibarium network activity declines.
Shiba Inu's burn rate shot up by over 19,930% in just 24 hours, which is a clear sign of strong community engagement. The Shiba Inu breaking out of the falling wedge pattern suggests there could be a 360% rally on the cards.
Rising Prices in Dogecoin and Shiba Inu Spark Talk of Altcoin Market Gains
Shibarmy Scam Alerts, a community-driven channel that exposes scams targeting SHIB enthusiasts, has flagged a crypto project that's mimicking its DN404 token.
Shibarium has processed over 7 million blocks, which is great news for the Shiba Inu ecosystem. SHIB's price has risen 14% each week, thanks to reduced supply on exchanges and a sharp increase in token burns.
Coinbase elevates XRP and Shiba Inu by recognizing them as currencies with transactional and store of value capabilities.
Shiba Inu would like to point out that a significant number of BONE tokens currently locked in validators are expected to be issued as knBONE on Shibarium soon. This move aims to increase liquidity in the Shibarium system and provide developers and projects with the opportunity to integrate knBONE through staking pools and NFTs.
Shiba Shootout ($SHIBASHOOT) is set to keep the keg full for a while yet, with the presale already at $1 million and counting. The fundraising has been going on for just over a month and this new meme coin project is gathering pace, with the chance of attracting a few more 'million dollars' as the presale continues to go well.
Shiba Inu's new partnership enables users to purchase tokens with Visa and MasterCard, simplifying access to its growing ecosystem.
There was a sudden spike in token burning for the SHIB token, which resulted in the loss of over 105 million tokens. Shiba Inu is an ERC20 token on the Ethereum blockchain. This article explains what token burning is and whether it's a viable strategy.
The Shiba Inu ecosystem is growing, with the Shibarium network seeing a big increase in users. This has made investors hopeful about the future of the $SHIB token.
