SHIB destruction rate surges by 1,344%: Along with major price fluctuations, a striking development within the SHIB ecosystem is that the SHIB destruction rate surges by an astonishing 1,344%. This significant increase in token burning activity comes at a critical time, and for SHIB investors, it appears that big changes are on the horizon. According to data from Shibburn X, 135,451,536 SHIB tokens have been destroyed in a total of 12 transactions in the past 24 hours. This is equivalent to $3,868.50 in monetary terms, and SHIB’s destruction rate surged by a staggering 1,344.14%. The timing of this surge in SHIB destruction coincides with increased speculation surrounding Shiba Inu price movements. (No threshold Jinqun, see the home page introduction)
As SHIB prices have retreated in recent weeks, investors are watching the market closely for signs of a potential breakout or significant price movement. The entire cryptocurrency market saw fresh bullish momentum this past weekend, with Bitcoin and other major cryptocurrencies returning to higher levels and reclaiming key resistance levels. SHIB was no exception, rising for three days starting on April 6, and then profit-taking began. At the time of writing, SHIB was down 1.75% in the past 24 hours to $0.000027. On the upside, the next resistance for Shiba Inu is between $0.000031 and $0.000036, where 20.96 trillion SHIB were purchased by 137,600 addresses at an average price of $0.000033.
On the other hand, if the price of SHIB falls further, the next support level is between $0.000025 and $0.00027, where 33.39 trillion SHIB were purchased by 46,930 addresses at an average price of $0.000026. Team Shiba Inu member Lucie provides some updates for the Shiba Inu Eternal Team. SHIB CCG game Shiba Eternity has received a highly anticipated update, which is causing excitement throughout the community.
Lucie reports that the first version of the Shiba Eternity project is already working well and has been improved with new updates. She added that there will be no slowdown as Shiba Eternity continues to roll out new features and improve the system.
Lucie also said that the community can look forward to some exciting updates for kibbles and Shiboshi, 🎁qunjiawei:tq58956 as well as new cards and a breeding system for Shiboshi, while noting that with the Shiba Eternity play-to-earn version now closer than ever, Things are moving quickly.The future of Shiba Inu is not limited to being a popular meme coin. It is predicted that as SHIB gradually integrates into the larger payment system and emerges on mainstream cryptocurrency exchanges, its price will usher in a new round of surge.
As for the short-term trend, in the near future, the price of Shiba Inu is expected to double to $0.000042 by the end of the year. By 2024, its price may climb to a high of $0.000060, and the average price will stabilize at around $0.000056. Currently, the quotation is about $0.000027, but SHIB is expected to usher in huge potential growth due to strategic token destruction, growing demand, and its extended utility beyond simply being a currency meme. As the SHIB ecosystem continues to develop, all eyes are on the promising future prospects of this currency meme. In the future, Shiba may soar by 2,000%.
