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Crypto beans
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SHIBA INU COIN PRICE AT RISK:
SHIBAINU FEES FALL:
Shiba Inu's price is currently at risk due to a decline in its burn rate and Shibarium fees. The burn rate has crashed by over 98% in the last 24 hours, with only 507,123 SHIB burned.
This significant decrease in burn rate, combined with falling Shibarium fees, has led to a price drop.
As of now, Shiba Inu's price is $0.00002229, with a 24-hour trading volume of $638.55 million.
The coin's market cap stands at $13.14 billion, and its circulating supply is approximately 589.26 trillion SHIB.
The decline in Shiba fees is also a concern, as it indicates reduced activity on the network. Shibarium's average transaction fees have continued to fall after peaking at 0.0004 earlier this month. Additionally, the total value locked on Shibarium has dropped to $3.55 million from over $6 million on December 7.
These factors have led to a bearish sentiment, with some analysts predicting a potential price drop to $0.00001590, its lowest level on October 25. However, it's essential to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.$SHIB
SHIBAINU FEES FALL:
Shiba Inu's price is currently at risk due to a decline in its burn rate and Shibarium fees. The burn rate has crashed by over 98% in the last 24 hours, with only 507,123 SHIB burned.
This significant decrease in burn rate, combined with falling Shibarium fees, has led to a price drop.
As of now, Shiba Inu's price is $0.00002229, with a 24-hour trading volume of $638.55 million.
The coin's market cap stands at $13.14 billion, and its circulating supply is approximately 589.26 trillion SHIB.
The decline in Shiba fees is also a concern, as it indicates reduced activity on the network. Shibarium's average transaction fees have continued to fall after peaking at 0.0004 earlier this month. Additionally, the total value locked on Shibarium has dropped to $3.55 million from over $6 million on December 7.
These factors have led to a bearish sentiment, with some analysts predicting a potential price drop to $0.00001590, its lowest level on October 25. However, it's essential to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.$SHIB
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