Driven by strong momentum in the fourth quarter bull market, the Shiba Inu token has once again caught the attention of investors, mainly due to the significant increase in SHIB's burn rate. Tuesday's burn data showed a surge of up to 1000%, indicating a major impact on the supply of the cryptocurrency. As a result, market participants generally expect that future dog-themed meme tokens will see a substantial rise, with other bullish indicators also suggesting that the asset's price may soon double.
SHIB Burn Rate Skyrockets 1000%, Supply Reduction Sparks Market Optimism According to the latest data from Shibburn, SHIB's burn rate soared to 1068% during trading, showing that the supply of this token has been significantly affected.
The data shows that 51.76 million tokens were sent to dead addresses, meaning these tokens have permanently exited circulation. Consequently, in the context of supply and demand, market sentiment surrounding this digital asset has become increasingly optimistic.
It is worth noting that weekly burn data indicates that up to 2.44 billion tokens have successfully been removed from circulation, significantly reducing the market supply of Shiba Inu. Currently, the total supply of Shiba Inu has been reduced to 589.25 trillion SHIB, reflecting effective management of supply through the token burn mechanism.
At the same time, another positive development within the ecosystem further enhances investor confidence in the cryptocurrency. Sixteen months after the launch of the token's second-layer network Shibarium, the platform has achieved significant growth, with the total number of registered on-chain wallet addresses reaching 2 million.
Despite a significant increase in the burn rate, which led to SHIB's price dropping by as much as 15% during trading, the current price remains at $0.00002646. Its price fluctuated widely within 24 hours, dipping to a low of $0.00002511 and peaking at $0.00003141.
However, from a weekly chart perspective, SHIB has still achieved a 16% increase during this period, demonstrating its strong potential in the overall bullish market environment. Additionally, CoinGape's recent price analysis of the Shiba Inu token reveals another positive on-chain indicator, suggesting that the token's price may be poised for an increase.
$SHIB 1$ Shiba is possible. The v important question is HOW. At this time we can achiewe ATH, 0.000088. 0.0001 is very realistic. Shiba needs strong support from investors.
The SHIB Opportunity: When $SHIB Reaches 1 CENT, Will You Regret Not Buying at $0.00001?
Cryptocurrencies have disrupted traditional finance, and among the most talked-about coins is Shiba Inu (SHIB). Originally created as a meme coin, SHIB has gained a massive following due to its potential and price volatility. Many crypto enthusiasts have seen the phrase: > "When $SHIB reaches 1 CENT, just remember today you had a chance to buy it at $0.00001 and you didn’t." But what does this mean for you? The Allure of SHIB Shiba Inu has evolved from a joke to a serious contender in the crypto world, with growing adoption and major exchange listings. The key idea is simple: SHIB is currently priced at just $0.00001, an incredibly low entry point for anyone hoping it will rise to $0.01 or higher. Imagine buying 1,000,000 SHIB at $0.00001 for just $10. If the coin ever hits $0.01, your 1 million SHIB would be worth $10,000—a 100,000% return. That’s the dream for many crypto investors. The Missed Opportunity: Fear of Regret The challenge is that many investors hesitate to buy SHIB at such low prices due to fear of volatility and uncertainty. There’s also the concern of investing in a meme coin that could fail. However, timing is key in crypto—those who acted early often saw huge rewards, while those who hesitated may regret it. The Reality: Crypto Volatility Remember, crypto is volatile, especially meme coins like SHIB. While the potential for huge returns is real, the risks are also high. Market conditions, adoption rates, and investor sentiment will play significant roles in SHIB’s future. Conclusion: Seize the Opportunity Opportunities in crypto are fleeting. The phrase "When $SHIB reaches 1 CENT, remember you had a chance to buy it at $0.00001 and you didn’t" serves as a reminder: Don’t let fear or doubt stop you from acting. If you believe in SHIB’s future, now might be the time to buy while prices are low. But ask yourself: When SHIB hits $0.01, will you regret not taking action when it was under a cent? The choice is yours. Act wisely and good luck on your crypto journey!
#SHIBA✅🚀 If you hold 100,000 SHIBA INU, you must read it!
SHIBA updates and price trend forecasts are here! Friends who have 100,000 SHIBA INU in hand, please pay attention! The following is the breaking news that every $SHIB holder cannot miss:
SHIBA INU’s rise is strong: ShibaSwap, Shiba Metaverse and SHIB token burning are driving the Shiba Inu ecosystem to grow rapidly. As the ecosystem grows, the value of SHIB is expected to soar. Experts predict that as Shiba Inu's utility and number of users continue to increase, its value will rise significantly. If you are holding Shiba Inu, now is a good time to continue adding to your position!
SHIBA INU's road to $1 Although $1 may seem out of reach, Shiba Inu's increasing application scenarios, growing community, and the upcoming ShibaSwap V2 may push the price to new highs. If Shiba Inu maintains this development momentum, there may be a big breakthrough in the future!
What does it mean to hold 100,000 SHIBA INU? 🤔100,000 SHIBA INU may not sound like much, but as Shiba Inu continues to develop and SHIB holders continue to increase, it may become an investment to be proud of. Many SHIBA INU holders are preparing for the upcoming surge. As Shiba Inu's reputation grows, the value of your holdings may increase.
Price prediction and follow-up outlook: short-term bullish🏁 Recently, with the announcement of the Shiba Inu burning event and the Shiba Metaverse, the price of SHIBA INU may rise. These factors could trigger a massive rally. Please be prepared for price fluctuations, but if you believe in SHIB's potential, stay calm. Are you ready for the next wave of SHIBA INU’s bull market? #币安注册用户突破 2.4 亿 If you always have trouble stepping on the spot, are confused and don’t know how to operate, if you want to keep up with the learning, you must meet one condition: you have strong action ability, just do what you say, like + leave a message, I will help you make a lot of money!
🎉 SHIBA INU holders, come take a look, big news is coming!
🔥🔥🎉 Carnival Preparatory Team! 🎉
#SHIBA✅🚀 🔥 Shiba Inu$SHIB is keeping a big move up its sleeve, holders you better stay alert!
1️⃣ A big surge is coming 📈: SHIB has been gathering momentum lately, experts say a big surge might be just around the corner, SHIB may be able to reach new heights!
2️⃣ Massive burn operation 🔥: The community is in full swing, accelerating the burn of SHIB, making the SHIB in circulation decrease. This move might cause SHIB's price to soar!
3️⃣ Shibarium upgrade 🛠️: The Shibarium second-layer upgrade plan is attracting new projects, making SHIB more usable and strengthening the entire ecosystem!
4️⃣ Big players are quietly hoarding 🐋: Those big investors are quietly making a fortune, secretly buying SHIB, it seems they are very confident about SHIB's future!
🎉 The carnival moment is about to arrive 🎉: If SHIB continues to be this hot, we might witness the birth of the next batch of SHIB millionaires! Are you ready to welcome it? 👇 Let’s work hard together, SHIB Legion, charge ahead! 🚀
Currently, I have also locked in a potential dark horse coin that is about to skyrocket, confirmed good news, preparing to pump, we plan to do a contract and catch a wave, I will announce the specific big moves internally, click on the avatar to find me, see the bamboo leaves, and share directly #谁将成美SEC新主席? #比特币突破10万? #非BTC板块市场走势 $BTC $DOGE
#SHIBA✅🚀 Shiba Inu Burn Rate Soars to 6200%! Can SHIB Reach $1?
$SHIB Recently, it's been a complete sensation, with the burn rate skyrocketing to 6223%, igniting the enthusiasm of the Shiba Army! Can this propel SHIB to unprecedented heights? Let's analyze:
Burn Token Numbers Let's talk about the last 24 hours: 🔹 A total of 290,321 SHIB have been burned, significantly reducing circulation. 🔹 Last week was even more outrageous, with 135 million tokens burned, signaling strong deflation within the community.
🔹 Currently, there are 589.26 trillion SHIB still in circulation, but with such a rapid burn, scarcity is on the rise, and prices may very well increase.
Economics of SHIB Burning Why is this important? 🔺 Supply and demand relationship: with less supply and more demand, prices are bound to rise. 🔺 Market sentiment has shifted, investors are optimistic, and SHIB has increased by 4%, reaching $0.00002511, with a daily high of $0.00002563.
🔺 Confidence is high, open interest has risen by 6%, now totaling $93 million, indicating increasing investor participation.
Can SHIB Really Reach $1? The dream of reaching $1 seems a bit far off, but there are pathways for significant growth: The burn mechanism continues, reducing supply and ensuring long-term profitability. The ecosystem is also upgrading, with initiatives like Shibarium, making SHIB more than just a meme coin, turning it into a dark horse in the cryptocurrency market.
Retail momentum is strong, the enthusiasm of the Shiba Army has energized everyone, and market interest is soaring.
What’s the Next Step for Shiba Inu? 🔹 Shibarium upgrade is necessary to enhance the SHIB ecosystem's usability and scalability. 🔹 The community must continue burning tokens, working together to make SHIB scarcer. 🔹 Market sentiment must be monitored to see how SHIB prices move and if there are any significant developments.
The burning rate of Shiba Inu and the market enthusiasm have laid a strong foundation for its development. #ETH市场新动向 #XRP与SEC新局面 The test of a bull market is not just the rise and fall of prices, but also a test of our mindset. In the face of account fluctuations, we must remain rational. Next, I will announce the next tenfold potential coin! Guessing is not as good as seizing the opportunity! Like + comment, and share for free.
The Shiba Inu ($SHIB) craze is getting hotter, with the burn rate increasing by 6200%, igniting the enthusiasm of the Shiba army! Is SHIB set to soar? Let’s analyze:
Burn numbers are here
In the past 24 hours:
290,321 SHIB have been burned, with less in circulation, the price is bound to rise.
The weekly burn is staggering, with 135 million tokens turned to ashes, the community is determined to achieve deflation.
Currently, there are 589.26 trillion SHIB in circulation, but with such a rapid burn rate, as scarcity increases, the price stabilizes.
The economics of SHIB burning
Why is this important?
It's all about supply and demand; with less supply and more demand, the price is naturally going to rise.
Market sentiment has also changed, SHIB has risen by 4%, now at $0.00002511, with an intraday high reaching $0.00002563.
Retail investor confidence is strong, with open contracts up 6%, now at $93 million, participation is increasing.
Can SHIB really reach 1 dollar?
The dream of 1 dollar seems a bit far, but the path for SHIB's surge is clear:
The burn mechanism is always active, supply is decreasing, ensuring long-term gains.
The ecosystem is also upgrading, with Shibarium coming, SHIB is transforming from a meme coin to a powerhouse in cryptocurrency.
The enthusiasm of the Shiba army is unstoppable, with overwhelming market interest.
What’s next for Shiba Inu?
Shibarium upgrade will make the SHIB ecosystem stronger and more user-friendly.
The community is working together to burn coins, the Shiba army is united, and scarcity is rising sharply.
Keep a close eye on market dynamics; the price and sentiment of SHIB are crucial.
Finally, let me say:
The burn speed of Shiba Inu and market enthusiasm are paving the way for SHIB's future. Although 1 dollar is difficult, deflation, ecosystem upgrades, and an enthusiastic community make SHIB more than just a meme; it’s a significant movement.
What do you think? Can SHIB rewrite the history of meme coins? Come share your thoughts in the Binance community!
SHIB big shot makes millions, SHIB is about to break records!
A big shot in SHIB truly deserves admiration. During the hottest time in the market, he quietly sold 100 billion SHIB and ended up making 2.85 million dollars! This is no small amount, it's making me envious.
This big shot had the foresight back in 2020, spending 38,000 dollars to buy over 150 trillion SHIB. Now, the value of these SHIB has skyrocketed to over 1.2 billion dollars! Even after selling so much, he still holds 25 trillion SHIB, worth over 75 million dollars.
Moreover, it’s not just this big shot; there’s another one called 0xa145B who has also made a fortune. He sold over 80 billion SHIB and earned over 2.4 million dollars. But he still holds over 370 billion SHIB, indicating he is also very confident about the future of SHIB.
Currently, the price of SHIB seems to be on a rocket, soaring all the way, and it looks like it’s about to set a new historical high. Just yesterday, nearly 500 million SHIB were destroyed, which shows that more and more people are optimistic about this coin, believing it will continue to rise.
And the upward momentum of SHIB is far from over, there is still a lot of room for increase. If it continues to rise at this speed, setting a new historical high for SHIB would be a sure thing!
Therefore, many people are closely watching SHIB to see if it can continue to surge and set new records.
Recently, I plan to position myself for a potential explosive coin, doubling it should be quite easy, and I am also preparing to find some potential coins to hold until the end of the year, expecting a space of more than 10 times is definitely not a problem. If you want to follow along, please like and comment, and I will share freely.