Dramatic Burn Rate Increase Fuels Optimism
The Shiba Inu (SHIB) burn rate has surged by more than 6,200%, attracting significant investor attention and boosting hopes for a future price increase to $1. This sharp rise in token burns has reignited market enthusiasm for SHIB's potential value growth.
Burn Rate Jumps by 6,200%, Driving Market Interest
Significant Token Burn Within a Day
According to Shibburn, the SHIB burn rate increased by 6,223% over 24 hours, with over 290,321 tokens burned in a single day. This reduction in token supply has heightened market interest and reignited attention on the cryptocurrency. The total supply of SHIB stands at 589.26 trillion tokens, with an additional 135 million SHIB burned over the past week.

Bullish Sentiment Due to Supply Reduction
This significant decrease in available supply has fueled bullish market sentiment, reflecting the fundamental economic principle of supply and demand. Investors are now more focused on the meme coin's growth prospects.
SHIB Price Rises: Is $1 Achievable?
Current SHIB Price Movement
As of this writing, SHIB's price has increased by 4%, reaching $0.00002511. The token recorded a daily low of $0.00002403 and a high of $0.00002563, indicating a positive market response to the increased burn rate.
Increased Interest in SHIB Futures
Data from Coinglass shows a 6% rise in open interest (OI) for SHIB futures, which has now reached $93 million. This statistic highlights growing investor interest and paves the way for further bullish movements.
Can SHIB Reach $1?
Optimistic but Ambitious Goal
According to a recent analysis by CoinGape Media, SHIB has potential for further gains. However, reaching the $1 price target is currently seen as highly ambitious. The market continues to monitor SHIB closely for further price movements, especially amid the ongoing bullish market sentiment supported by the U.S. election results.
Conclusion: A Promising Future for Shiba Inu
The dramatic rise in burn rate and growing investor interest ensure SHIB's strong market position. While the $1 milestone remains elusive for now, the current momentum highlights significant growth potential and continued market enthusiasm for this popular meme coin.

#shiba⚡ , #SHIBburn , #Shibarium , #Shibalnu , #memecoin🚀🚀🚀

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The Shiba Inu ($SHIB ) community is buzzing as the token's burn rate surges by an astonishing 6,200%, rekindling hopes for massive price growth. This dramatic reduction in token supply has injected new life into SHIB's market performance, driving bullish sentiment across the board.

🚀 Burn Rate Explodes, Sparking Optimism
According to Shibburn, SHIB’s burn rate spiked by 6,223% in just 24 hours, with over 290,321 tokens burned in a single day. This substantial supply reduction has investors excited about the token’s long-term potential.
Key Highlights:
Total SHIB supply: 589.26 trillion tokens.
Over 135 million SHIB burned in the past week.
Supply reduction reinforces the classic supply-demand principle, fueling price optimism.

📈 SHIB Price Shows Positive Momentum
The market is already reacting to these developments, with SHIB’s price increasing by 4%, trading at $0.00002511. The token’s daily low of $0.00002403 and high of $0.00002563 reflect renewed buying interest.
Open Interest Growth:
Data from Coinglass reveals a 6% rise in open interest (OI) for SHIB futures, totaling $93 million. This uptick signals growing interest in SHIB’s future price movements.
💡 Can $SHIB Reach $1?
While the dream of $1 SHIB remains ambitious, the ongoing burn rate increase and bullish sentiment could set the stage for future growth. Analysts are optimistic about SHIB’s upward trajectory, especially as the U.S. election results continue to boost the broader crypto market.

🔮 The Road Ahead for Shiba Inu
The current momentum showcases SHIB’s incredible potential as both a meme coin and a serious player in the crypto market. While $1 remains a long-term goal, the token’s dramatic burn rate and growing investor interest are clear signs of a promising future.
🔑 What to Watch:
Further burn rate updates from Shibburn.
Price action as $SHIB tests resistance levels.
Increased adoption of Shibarium and ecosystem developments.
🔥 Join the SHIB movement and watch history unfold!

Shiba Inu ( SHIB ) the popular meme token, is witnessing a remarkable increase in its burn rate, highlighting the growing strength of the cryptocurrency market. On Monday, recent statistics revealed that SHIB's burn rate had risen by 1000%, resulting in the removal of 500 million tokens from circulation. This surge has generated considerable excitement among traders and boosted optimism about the token's future value, with some analysts predicting potential gains of up to 300%.
How Are Elections Impacting Market Activity?
Excitement in the cryptocurrency market has intensified following the recent re-election of #donaldtrump , which has drawn the attention of many traders. Another boost to Shiba Inu’s popularity came after Robinhood Crypto EU’s decision to allow SHIB transfers, contributing to increased engagement with this cryptocurrency. As a result of these factors, Shiba Inu now ranks second in market capitalization among cryptocurrencies.
Key Data on Shiba Inu’s Recent Developments:
SHIB’s burn rate surged by 1000%.Approximately 615.15 million tokens were burned over the past week.SHIB’s price rose to $0.00002467, reflecting a daily gain of 9%.Weekly gains reached 47%.Trading volume increased by 245% to $6.08 billion.
These trends suggest a positive outlook for Shiba Inu, with experts believing that the combination of reduced supply and growing market support could lead to further appreciation in the token’s value. The substantial increase in token burns not only reduces the circulating supply but also creates upward pressure on the price. Additionally, the market support bolstered by recent election events and Robinhood’s decision gives Shiba Inu an edge in the competitive cryptocurrency landscape.
Thanks to these favorable factors, Shiba Inu appears to be a strong contender with the potential for continued growth. If current trends persist, SHIB could attract even more investors and solidify its position among the leading cryptocurrencies.

#shiba⚡ , #Shibarium , #SHIBburn , #memecoin🚀🚀🚀

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

With a notable spike in the token burn rate over the past 24 hours, the Shiba Inu burn effort started the week on a strong note.
Burn Rate in Shiba Inus Noticeably Increases
The burn rate of Shiba Inus has increased by more over 5,000% in the past 24 hours, as of Monday, December 25. Shibburn, a platform that monitors the burn of SHIB tokens, reported a significant 5,043% spike in the burn rate.
In the last day, more than 53.13 million SHIB tokens have been burned, according to the tracker. Two large transactions, totaling more than 20,000,000 SHIB apiece, caused the burn rate to spike.
Twenty million Shiba Inu tokens were delivered to the SHIB burn wallet from the address 0x6081258689a75d2…887239fe80, according to data from Shibburn. At the same time, the burn wallet received around 25,000,000 SHIB in the second transaction processed by the same address.
There has been a dramatic increase in the burn rate of Shiba Inus in recent days. It would appear that the surge in burn rate has sparked a tidal wave of speculation in the bitcoin market.
There has been an uptick in the burn rate, but the Shiba Inu price is still going down. According to CoinMarketCap, the cryptocurrency has lost 1% of its value in the past 24 hours.
Whale Alert, an on-chain whale tracker, observed a huge whale transaction at the same time that the burn rate just rose. A staggering 4.25 trillion SHIB was moved to an unidentified wallet, as seen by the on-chain tracker.
The previously stated SHIB was transferred to an unknown wallet address 0x9c570088…a22fd8b51b via the wallet address 0x3ce6bed2…87d896c59f, according to Whale Alert. Another thing to note is that the gas fee that started this whole mess was less than $3.
Again, the project team made a huge mess.
The Shiba Inu squad reportedly burnt up 8.47 billion SHIB on Friday, December 22. At this very moment, the squad has consumed an astounding 33.8 billion SHIBs.
The group had already transferred 8,533,564,693 SHIB to an empty wallet earlier that day, for a total worth of $90,285. Approximately 17 billion SHIB tokens were burnt by the team on that particular day.
This is the crew's fourth large-scale burn this month. The most recent one is no exception. These systemic burns are starting to take a toll on the total supply of SHIB.

Lucie, who is in charge of marketing and is on the project team, has also verified this on X (formerly Twitter). Lucie included the most recent burn in her article, noting that it was the fourth time the surgery had been performed.
In addition to a 30% drop in trade volume to around $184.65 million, the current price of Shiba Inu is $0.000010. As of this writing, its market worth has dropped to $6 billion, a decrease of 1%.
#SHIB💥 #SHIBburn $SHIB #Shibarium

Shiba Inu (SHIB), the popular dog-themed digital asset, experienced an extraordinary surge in burning activity over the past 24 hours.
According to data from shibburn.com, an astonishing 264,204,009 SHIB tokens, equivalent to approximately $2,245, were burned and sent to dead wallets during this period. This represents a staggering 499,416% increase in burning activity compared to the previous day.

Massive Burn Ignites Optimism in Shiba Inu Community
The surge in burning activity has ignited renewed optimism within the Shiba Inu community. Many believe this significant increase in token burning indicates an imminent price breakout for the meme coin.
Burning tokens reduces the overall supply, making each remaining token theoretically more scarce and potentially increasing its value. If this high burn rate can be sustained, SHIB may witness a substantial price surge.
Despite the recent correction in the broader cryptocurrency market, SHIB has showcased remarkable resilience. Over the last 24 hours, the token has gained 1.3% and is currently trading at $0.000008132. This resilience demonstrates the growing strength of SHIB and the ability to withstand short-term market volatility.
Shibarium Expansion and Positive Price Momentum
The positive developments surrounding Shibarium, the Shiba Inu Layer-2 scaling solution for SHIB, have also contributed to the bullish sentiment around the token. Shibarium has experienced significant growth, with over 1.2 million wallets now utilizing the network.
Additionally, there are more than 4.2 million transactions recorded on the network. While the total value locked (TVL) on the mainnet has declined from its peak, the expansion of Shibarium points to ongoing adoption and usage of the network.
The Shiba Inu community on social media platforms, particularly X, has set ambitious goals for daily token burning. Members aim to reach a daily burn rate of 1 billion SHIB tokens.
However, it should be noted that achieving this goal would require trillions of SHIB tokens to be burned daily. While the community’s enthusiasm is commendable, the feasibility of sustaining such a colossal burn rate remains to be seen.
The surge in SHIB burning activity, along with the growth of Shibarium, indicates that the token may be on the verge of a breakout.
Despite challenges and uncertainties, the strong support from the SHIB community and ongoing efforts could propel the token towards its ambitious long-term price targets.
DISCLAIMER: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIBburn

Following a significant announcement on X (formerly known as Twitter) by a Shiba Inu representative, the SHIB burn rate experienced a remarkable increase, as reported by data from the Shibburn explorer.
This surge reflects the Shiba Inu community’s active participation, resulting in the disposal of a substantial amount of the meme coin.
Shibburn Records Surge in SHIB Burn Rate
Significant Increase in Burn Activity: Shibburn’s data reveals a substantial rise in the burn rate of Shiba Inu’s meme coin, SHIB, over the past 24 hours. During this period, the community disposed of a total of 40,067,872 SHIB tokens, indicating a noteworthy surge in burn activity.
Key Burn Events: The most notable burns occurred recently, with the largest one taking place around 14 hours ago, resulting in the destruction of 20,000,000 SHIB tokens. Following closely, another significant burn occurred approximately two hours ago, where 1,693,629 SHIB tokens were disposed of into an unspendable blockchain wallet. Interestingly, Wednesday also witnessed a notable increase in the SHIB burn rate, reaching 2,211.89%.
Surge in Burn Rate: Despite the absolute number of tokens burned not being exceptionally high, the surge in burn rate saw a remarkable increase of 2,076% compared to previous levels. This spike indicates heightened activity and engagement within the Shiba Inu community, contributing to the ongoing disposal of SHIB tokens.

Shibarium Unveils Ambitious Upgrade Plans
1. Upcoming Features: Lucie, Shiba Inu’s marketing lead, disclosed a roadmap for Shibarium, outlining several upgrades scheduled for release between this year and 2025. Notable additions include the SHIB Metaverse, a new version of the Shiba Eternity game, and the rollout of ShibaSwap DEX 1.75, with version 2.0 to follow.
2. New Projects: Shibarium’s expansion plans extend beyond existing features, with upcoming projects including the introduction of a layer-3 testnet and the launch of the TREAT token. The TREAT token will serve as the primary currency for the new blockchain running atop Shibarium.
3. Fundraising Success: To kickstart the development of the layer-3 solution, the SHIB team recently secured a substantial $12 million investment from major backers. This funding injection will facilitate the implementation of ambitious upgrades and innovations within the Shibarium ecosystem.
4. Global Presence: Shytoshi Kusama, the enigmatic lead behind SHIB, has been making waves across various global locations. Known for his frequent changes in location on social media platforms like X (formerly known as Twitter), Kusama has been spotted in Dubai, Hong Kong, the Maldives, and several U.S. cities, including New York. These movements hint at the project’s expanding reach and growing influence on the global stage.
Mixed Fortunes for SHIB Price Amid Positive Developments
Despite Positive News: Despite positive developments such as the surge in the burn rate and successful fundraising efforts, meme coin SHIB has faced challenges in terms of price performance.
Price Decline: Over the past 24 hours, SHIB, the second largest meme cryptocurrency, has experienced a notable decline of approximately 10.39%. As of the latest data, SHIB is currently trading at $0.00002458.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIBburn

Shiba Inu made a big impact on the global market as the token saw an impressive 6000% increase in its burn rate.
Shiba Inu, a leading meme coin on the Ethereum blockchain, created a buzz in the crypto market as it recorded a colossal upswing in its weekly burn rate. According to on-chain data from Shibburn, a platform providing insights into SHIB burning, the burn rate surged nearly 6000%, capturing the attention of global crypto enthusiasts.
Despite the impressive burn rate surge, the meme coin’s price traded in negative territory on the day, presenting a contrast to the weekly trend. However, Shiba Inu’s price experienced a marginal increase over the past week, adding to the intrigue surrounding the token.
Shiba Inu’s Burn Rate Surges 5891.2% in a Week
Shibburn’s data reveals a remarkable surge in Shiba Inu’s burn rate over the past 7 days, soaring by an impressive 5891.2% as of Saturday, January 13. On the most recent day, the community witnessed the incineration of 820,007 SHIB over the past 24 hours. However, this contributed to a decline in today’s burn rate, marking a 95.05% drop.
The cumulative burn from the token’s inception has reached a substantial 410.70 trillion SHIB, significantly impacting the circulating supply. Currently, the meme coin’s circulating supply stands at 581.07 million as of the latest data.
Shiba Inu Price Shows 4.06% Drop, Reclaims Dropped Zero
The Shiba Inu price has experienced a notable decline of 4.06% in the last 24 hours, currently trading at $0.00000979. Interestingly, the price has regained a zero that was recently shed, sparking discussions and speculations within the global crypto community.
In addition to the price drop, both the market cap and 24-hour trading volume have seen significant reductions. The market cap reflects a decrease of 3.92%, now standing at $5.79 billion, while the trading volume dropped by 11.29%, reaching $195.75 million.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIBburn #ShibaSurge $SHIB

The Shiba Inu community burn has gained momentum once again following a period of underwhelming performance lasting for one week. The SHIB burn program, aimed at substantially decreasing the quantity of SHIB tokens in circulation, witnessed a notable surge in token burn, with over 17 million tokens being burnt in a single day, surpassing the previous day's data.
The burn rate of Shiba Inu has had a significant increase of 90.56%.
Based on the information provided by the Shibburn website, the quantity of SHIB tokens that underwent the burning process throughout the preceding 24-hour period amounted to about 17.32 million. There was a significant rise of 89.69% seen in the burn number from Monday to Tuesday, with the latter recording a value of almost 1.5 million.
The observed increase in the burn rate suggests that the community is displaying renewed engagement in the effort to decrease the overall supply of the meme coin. Among the 12 transactions executed for burn operations throughout the preceding day, the transaction originating from the address 0x92b53 stands out as particularly noteworthy. This transaction included the burning of an impressive quantity of approximately 14.8 million tokens. An further address, namely 0x811bee, executed the burning of more than 1.3 million tokens through two separate transactions.
The significant contribution to the weekly burn volume has been made by the burning of 17.32 million tokens throughout the past 24 hours. Nevertheless, the current data has not been sufficient to surpass the statistics from the previous week. According to Shibburn's data, a total of 245.64 million tokens were burnt throughout a 7-day period. This figure represents a decrease of 20.44% compared to the previous week.
The potential expansion of Shibarium may result in a significant increase in the value of the SHIB token.
The recovery of several metrics has not been limited to the burn rate of the Shiba Inu. An analysis of ShibariumScan reveals a notable surge in activity inside the Shiba Inu Layer 2 blockchain, known as Shibarium.
The data obtained from the explorer reveals a notable increase in the quantity of newly generated blocks, with a rise seen from a low of 10,627 on November 9 to 17,216 on November 14.
Title: An Analysis of the Factors Influencing the Decline in Bitcoin Price to $36,200 Introduction: This article examines the many factors that contributed to the recent decline in the price of Bitcoin, resulting in a value of $36,200. By exploring the relevant literature, we want to shed light on the underlying causes behind this significant drop in the cryptocurrency's market value. Literature Review: Several
This is in accordance with a marginal rise in the quantity of recent transactions, which reached a total of 13,213 on November 14th. Similarly, there was an increase in the number of active accounts each period, which grew from 545 to 829. Regrettably, the current count of newly implemented contracts on the network stands at 29, indicating a dearth of developer engagement in constructing applications on the network.
The pricing of SHIB might potentially have positive effects as a result of improvements in both the burn rate and the network's recovery. The price of the token has already reached levels of exhaustion as investors realized gains exceeding $0.000009. However, the increase in diverse factors might perhaps offer further support for the continuation of the rally.
#ShibaInuPriceForecast #SHIBburn #ShibaInuUpdate
According to data sourced from CoinMarketCap, the current trade price of SHIB is at $0.000008523, having had a decline of 1.63% throughout the past 24 hours. Nevertheless, the cryptocurrency continues to exhibit a weekly chart growth rate of 3.6%, and its market capitalization of $5 billion positions it as the 19th most substantial digital currency inside the industry.

Recently, Shiba Inu has been moving against the bearish trend, particularly with the rising use of the Shibarium Layer 2 network. This recent trend has been particularly notable. When it comes to this particular instance, the bullish return is being driven by substantial holdings. Specifically, these substantial holdings have raised their positive net flows by a factor that is greater than ten on average.
Profitability of Shiba Inu Large Holders Increases by 1079%
The Shiba Inu big holder net flow has witnessed a considerable increase, as reported by the on-chain data tracker known as IntoTheBlock. The net flow of these huge wallets, which is defined as the entire difference between the amount of money coming in and the amount going out, increased by an astounding 1079% beginning on December 10.
The staggering amount of 4.68 trillion SHIB was the entire amount of money that was transferred out of these enormous wallets. It is crucial to note that this is significant when compared to the data from the previous days, which the tracker reveals to be somewhat less than the 287 billion SHIB level.
The fact that these whales are planning to take advantage of the cheap pricing of SHIB is a reasonable explanation for the enormous increase in net flows that has been seen. The price of SHIB continued to trade at a level that was greater than $0.00001 on December 10, which was the same day when the net flows were less than 287 billion.
On the other hand, as the price of SHIB started to fall, the net flows of these huge accounts started to increase. In proportion to the degree to which the price fell, the whales contributed more money to their wallets. This demonstrates a clear intention to amass tokens with the expectation that the price will soon begin to recover again.
Bullish sentiment among SHIB investors is on the rise.
To a certain extent, the decrease in price has, as one might expect, caused investors to lose some of their positive perspective. But it appears that this will only be a temporary situation, particularly when measurements start to move in a positive direction. First among these is the fact that the SHIB burn rate has been increasing over the course of the last day.
Over the course of the past twenty-four hours, the burn rate of the meme currency has increased by 49%, according to data provided by Shibburn. A total of 2.88 billion tokens have been destroyed by the community at this moment, which is the reason for this development. The majority of the time, this occurs when investors anticipate a change in the position of the price.
A neutral level has also been maintained by the Shiba Inu Fear & Greed Index, which is another indicator that has been successful. The fact that this is the case indicates that there is still a significant amount of bullishness remaining after the price decrease. If indicators continue to show signs of improvement, there is a possibility that a recovery may occur in the near future.
#SHIB #BullRun #SHIBburn

During the course of this month, the Shiba Inu crew has been extremely productive, carrying out enormous SHIB token burns in order to fulfill their commitment to actively participate in SHIB burns. In this instance, they torched an astounding 8.47 billion SHIB, raising the total amount of SHIB that has been destroyed up to this point in December to more than 33.8 billion SHIB. These systematic burns are beginning to have an effect on the entire supply of SHIB, which is occurring as a cumulative effect.
SHIB worth an enormous 8.7 billion Burned Shiba Inu burns are something that may be performed by any member of the Shiba Inu community; however, the Shiba Inu team has been quite active this month. After these tokens have been destroyed, they are withdrawn from circulation forever, which leads to a decrease in the amount of SHIB that is accessible. LUCIE, who is in charge of marketing for Shiba Inu, made a statement on social media stating that 8,471,583,707 SHIB tokens, which were valued $92,170 at the time of the burn, were transferred into a wallet that was no longer active.

If the most recent fire were to occur, it would be the fourth of its sort. On December 5, a total of 8,241,856,589 SHIB were transferred to a wallet that had been abandoned. This was the first burn. On December 12, the second burn took place, and it resulted in the transfer of 8,615,169,427 SHIB to a wallet that had been destroyed. To a similar extent, the third burn, which took place on December 22nd, resulted in the transfer of 8,533,564,693 SHIB tokens into a wallet that was no longer active. That is more than 360 thousand dollars' worth of tokens that the team has burnt in just a few weeks, based on the current price of SHIB.
Despite the fact that 33.8 billion tokens may appear to be a substantial amount, it is still only a minute portion of the enormous quantity of 589 trillion SHIB that is now in circulation. On the other hand, the group has committed to carrying out periodical burns in order to progressively reduce the overall supply over the course of various time periods. The objective is to increase the scarcity of SHIB and the value it has for those who possess it.

Perspectives on the Future of Shiba Inu
A minor rebound occurred in Shiba Inu not too long ago, following the burn, which resulted in the cryptocurrency's price breaking the $0.000011 price threshold for the second time in November. On the other hand, the meme token has since gone through a correction and is presently trading at $0.00001089. A total of 41.95 percent of addresses are profitable at the present pricing, as indicated by the statistics provided by IntoTheBlock.
The most recent SHIB fires are the result of Shibarium's ongoing network costs that have accrued. On the other hand, Shibarium, which has seen a significant increase in the number of transactions over the past few weeks, is moving closer and closer to reaching yet another milestone. There have been 7.7 million transactions in the previous twenty-four hours, according to data from Shibarumscan, which puts the overall number of transactions at 177 million. On the assumption that the present rate of activity continues, the number of transactions might reach the 180 million milestone tomorrow, and it could reach the 200 million milestone by the end of the year.
#Shibaprice #SHIBburn #crypto2024 $SHIB

Shiba Inu’s lead developer, Shytoshi Kusama, has addressed concerns regarding SHIB burns once again.
Read more on: https://thecryptobasic.com/2023/11/02/shiba-inu-issues-new-statement-on-shib-burns/
#Shibinu #SHIBCommunity #SHIBburn #Crypto #CryptoNews🔒📰🚫

Shiba Inu (SHIB), a popular meme coin, has experienced a significant increase in its burn rate in recent days, raising speculation about a possible price recovery. This development comes amid a broader price decline for SHIB, which has seen its value fall in recent weeks.
SHIB’s price has been on a downward trend, dropping below the $0.00002 range and experiencing a decrease of 10.66% over the past 24 hours. This decline extends to a 19.72% drop in the weekly timeframe and a 28.39% decrease over the past month, placing the current price at $0.00001758, according to data from CoinMarketCap.
Potential Rebound Signals
Despite the recent price slump, two factors suggest a potential turnaround for SHIB. The first comes from a technical analysis by prominent chartist Ali Martinez.
Utilizing the TD Sequential indicator, Martinez identified a buy signal on SHIB’s daily chart. This indicator is commonly used by traders to identify buying opportunities. It could also signal a reversal in the current downtrend.
Burn Rate Surge
The second factor is the significant increase in SHIB’s burn rate. Over the past 24 hours, the burn rate initially surged by a staggering 12,842%. This translates to the incineration of a substantial amount of SHIB tokens, totaling 12,047,795 (12.04 million) SHIB.
At the time of writing, the burn rate has reduced to 24.04% with 12.9 million SHIB tokens burned over the past 24 hours.
Burning tokens remove them from circulation, potentially contributing to a decrease in the overall supply of SHIB. This deflationary mechanism could theoretically support future price increases by reducing the number of tokens available for trading.
Market Volatility and Due Diligence
While the surge in burn rate and Martinez’s analysis suggest a possibility of a price rebound for SHIB, it is crucial to acknowledge the inherent volatility of the cryptocurrency market.
Accurately predicting the future performance of any cryptocurrency, particularly emerging assets like SHIB, remains a challenge. Therefore, conducting thorough research is essential before making any investment decisions.
The coming days and weeks will be crucial for SHIB. Investors and analysts will be closely monitoring whether the recent burn rate increase and potential buying signal translate into a sustained price recovery.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIBburn #ShibaInu

The team behind Shiba Inu has initiated another Shibarium-powered burn over the weekend. 
Read more on: https://thecryptobasic.com/2023/12/18/shibarium-burns-8b-shib-as-shiba-inu-leader-says-shibarium-transactions-are-worthy-of-toasting/
#SHIBFuture #SHIBARising #SHIBburn #ShibariumBlockchain #CryptoNews🔒📰🚫