On December 23, the SHIB team destroyed Shiba Inu tokens that had a value of over one hundred thousand dollars.
So far, the SHIB team has burned a total of 33.6 billion Shiba Inu tokens, which has effectively reduced the amount of tokens that are currently in circulation.
As a result of the SHIB price being over $0.00001050, Shiba Inu holders have seen monthly gains of 32.5%.
An aggregate of 33.6 billion SHIB tokens have been destroyed by the Shiba Inu team. As a result of this action, the selling pressure on the meme currency has decreased, which has led to a decrease in the supply that is around. SHIB price improvements are supported by on-chain measures, which also provide credence to a positive stance for the asset.
The bullish thesis for meme coin is supported by the SHIB burn.
Shiba Inu token burn is one of the catalysts that encourages SHIB gains by limiting the amount of the asset that is circulating that is available for purchase. In addition to Binance's participation in the SHIB burn, other entities, like as the Shiba Inu team, have also set fire to the tokens, which has had a comparable effect on the price of the meme currency.
Since the beginning of the project, the Shiba Inu team has destroyed a total of 33.6 billion SHIB tokens. A marketing professional for Shibarium who goes by the name LucieSHIB and is prominent on X shared the fourth burn statistics with the community.

During the month of December, a total of 25.7 billion SHIB tokens were destroyed, according to the data that was obtained from the Shibburn tracker. Although meme currencies in other ecosystems experienced a surge in value, the price of Shiba Inu generated monthly gains of 35% for holders.
Based on the indicators that are available on the blockchain, the Shiba-Inu-themed meme coin is on the right road to start its comeback. On December 24th, the supply of SHIB on exchanges drastically decreased to 7.82%. The amount of selling pressure exerted on the asset across all exchange platforms has significantly decreased as a result of this. Due to the optimistic signal that was generated by on-chain measures, it is highly probable that the price of SHIB will continue to maintain its current gains and start a rebound.

#SHIB💥 #shibaburn #Shibaprice $SHIB

Data obtained from Shibburn, the burn tracker on Shiba Inu's ecosystem, has shown that the amount of SHIB tokens that have been burned in the previous twenty-four hours has increased by an astounding 779 thousand percent. Considering that evidence indicates that more than 8 billion SHIB tokens have just made their way into inactive wallets, it is possible that a new record for the biggest 24-hour burn has just been recently established.
As a result of the belief held by investors that burns are a driving force behind price increases, SHIB burns have become an essential component of the Shiba Inu ecosystem. It is possible for any investor to burn their SHIB tokens. Upon the completion of the burning process, these tokens are permanently removed from circulation, resulting in a reduction in the quantity of SHIB available.
According to the information provided by Shibburn, 8.62 billion SHIB were burned in the last twenty-four hours. Unbelievably, the vast majority of the tokens were destroyed in a single transaction. This transaction entailed the transfer of 8,615,169,427 SHIB to a wallet that had been abandoned. Lucie, who is in charge of marketing for Shiba Inu, made the announcement that this significant burn can be credited to the Shiba Inu collective.
Lucie mentioned in a post that she made on social media that the burn was the second of its sort that the Shiba Inu team had carried out, and that there are plans to have other burn events in the future. On the 4th of December, the team behind Shiba Inu carried out a burn of almost 8 billion SHIB tokens, which is an interesting detail to consider. The accumulated network fees on Shibarium were the source of the burn. The makers of Shibarium have committed that around 70 percent of these payments will be utilized for SHIB burns.
A recent statement made by Shytoshi Kusama, the chief developer of Shiba Inu, alluded at the possibility of Shib burns, which would result in the removal of SHIB valued more than $1.2 million from circulation. In a different post on social media, Kusama mentioned that the increasing use of SHIB will result in an increase in the number of burns in 2023. He also dropped a clue that billions of SHIB will be burnt in the near future. However, he brought out the fact that in order for there to be significant burns, there must be widespread acceptance from the leaders of the decentralized web sector as well as members of the community of the community.
For the previous twenty-four hours, the price of SHIB has increased by ten percent, reaching its highest position in the preceding four months. At the time of this writing, the price of SHIB cryptocurrency is $0.00001072. Despite the fact that the Shiba Inu team has provided assurances that there would be further SHIB burns, the current increase in burning has only marginally reduced the overall supply of 589 trillion SHIB.
From its beginnings as a meme token, the Shiba Inu ecosystem has experienced exponential growth since its inception. It is anticipated that normal Shib burns will play a significant part in the token's price increase; nonetheless, the token still has a long way to go in terms of price growth. According to the burn tracker on X, Ryoshi, the founder of Shiba Inu, is the owner of more than 103 trillion SHIB, much of which are now available for burning.
#shibaburn #Shibaprice #burn

Despite the massive plunge of Shiba Inu’s price year-to-date, these four factors can still help the token to embark on a bull rally. 

Read more on: https://thecryptobasic.com/2024/01/27/shiba-inu-here-are-4-factors-that-could-trigger-shib-bull-rally/
#ShibaPriceAnalysys #Shiba.Inu.(SHIB).tokens #Shibaprice #Crypto #CryptoNews🔒📰🚫

Shiba Inu (SHIB), previously considered a speculative asset in the volatile cryptocurrency market, experienced a remarkable twenty percent surge over the weekend, marking a noteworthy development in its trajectory.
The unexpected uptick in value has sparked discussions about the potential for #SHIB to reach the $1 milestone plausibly. The recent performance of SHIB, currently valued at a minute $0.0000100, underscores a stark contrast from its earlier loss of nearly 16%, highlighting the dynamic nature of the cryptocurrency.
Despite its enigmatic market position, with a ranking of #4480 on CoinMarketCap and an undisclosed market capitalization, SHIB continues to captivate both market observers and investors.
Analyzing the four-hour time frame chart, the pivot point for SHIB is $0.00001008. Initial resistance for the token is noted at $0.00001048, with subsequent resistance levels at $0.00001098 and $0.00001152.
On the support side, SHIB finds its initial support at $0.00000950, followed by additional support levels at $0.00000896 and $0.00000834, in that sequence. The ongoing intrigue surrounding the price dynamics of Shiba Inu keeps market participants closely monitoring its movements and potential price predictions.

$$sThe current Relative Strength Index (RSI) stands at 47, indicating a negative sentiment as it remains below the midline 50. Moving on to the Moving Average Convergence Divergence (MACD), the value is -0.00000005, with the signal line at 0.00000013, implying a potential downward momentum.
Situated around $0.0000100, the 50-day Exponential Moving Average (EMA) is a crucial reference point. The fact that the current price is above this EMA suggests a potential shift towards a positive trend in the short term.
Noteworthy is the closure of candlesticks above the 50 EMA and the presence of an upward trendline in the chart pattern, providing additional support for a bullish trend. These combined factors strongly indicate a likelihood of an upward movement.
In summary, the overall trend for SHIB appears cautiously optimistic, particularly above the $0.0000100 mark, as mentioned in the conclusion of this analysis.
Looking ahead in the short term, the prediction anticipates that $SHIB may test immediate resistance levels in the coming days. Investors and market participants are advised to monitor these technical indicators for potential developments in Shiba Inu’s price movements.
#Roarstock #ShibaInuSurge #ShibaInuTech #Shibarium #Shibaprice
$SHIB

Shiba Inu (SHIB), the leading dog-themed digital token, has undergone a dramatic transformation as its burn rate soars to unprecedented heights within 24 hours.

In a spectacle reminiscent of ancient mythology, the SHIB burn rate has recently surged by an astonishing 727,870%, sending shockwaves through the Shiba Inu ecosystem.
A Blazing Inferno of Shiba Inu (SHIB) Destruction
Gone are the playful paws and dog treats; Shiba Inu now spits flames. It recently destroyed a staggering 8.62 billion tokens within 24 hours.
This jaw-dropping feat, accomplished through six colossal transactions, stands as a testament to the team’s unwavering commitment to addressing the issue of Shiba Inu’s vast, meme-infused supply.

The loyal pack of Shiba Inu enthusiasts revels in the astonishing evolution of their once playful pup. Not only has the price surged a scorching 12% in just 24 hours, but the coin has also exhibited an unwavering resolve to forge its path within the crypto space.
This unprecedented surge in token destruction marks a significant turning point, transforming Shiba Inu into a shrewd predator, relentlessly pursuing price gains with the cunning of a seasoned hunter.
Next Stop For Shiba Inu (SHIB)
The impact of the Shiba Inu (SHIB) burning spree extends far beyond the smoldering tokens. Analysts, with their noses twitching in anticipation of opportunity, predict a potential breakout.
Top analyst Ali Martinez predicts a 40% surge in Shiba Inu (SHIB) towards $0.0000140—if the canine coin can maintain its newfound bullish momentum.

However, this rally is not just about price; it signifies the crypto community’s vote of confidence in the Shiba Inu team’s commitment to responsible tokenomics and long-term growth.
The resounding cheers from the Shiba army echo through the crypto canyons, carrying a message louder than any bark: Shiba Inu is resolute in shaping its future, fearlessly igniting the fires of ambition.
⚠️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.
#Shibaprice #shib $SHIB

Overtaking a zero and entering a vital demand zone for Shiba Inu, the price of Shiba Inu increased to $0.000010, a significant increase.
It's possible that the price of SHIB will break through the barrier at $0.000011 and increase to $0.000014.
The supply of Shiba Inus on exchanges continues to be relatively limited, which is supporting price increases for SHIB.

Over the course of this week, the price of Shiba Inu has decreased by zero, reaching a new high of $0.000010. The most recent move made by the meme currency has resulted in 22% of SHIB holders being profitable. It is beneficial to retain wallet addresses that contain 134.63 trillion SHIB at the present pricing level.
Observations made on the Shiba Inu blockchain indicate a favorable prognosis for SHIB.
Santiment, a cryptocurrency intelligence tracker, has uncovered on-chain evidence that indicates favorable indicators for the price of SHIB.
According to the statistics provided by Santiment, the supply of SHIB on exchanges now accounts for 7.84% of the overall supply of the asset.
Because the supply of the meme currency continues to be relatively limited, it is guaranteed that SHIB will not be subjected to significant selling pressure, which would cause the asset's price to decrease.

As this article is being written, the price of a Shiba Inu is $0.00001039.
There are currently 89,360 wallet addresses that have gathered 134.63 trillion SHIB tokens, which has caused the Shiba Inu price to be in a critical demand zone. As can be seen in the Global In/Out of the Money chart that follows, once the price of SHIB reaches the upper border of the zone at $0.000011, the way to $0.000014 is expected to be straightforward for the meme coin. $SHIB
As of the time this article was written, the price of Shiba Inu has generated almost 2% daily gains and nearly 6% weekly gains for holders thus far.
#Shibaprice #ShibaInuUpdate #memes