Its just Start Babe😍 Shib incu is not going to moon all are going there , it will go to Mars😘
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Shiba Inu Burn Rate Skyrockets 1837% – SHIB Price Set for Massive Gains?
The post Shiba Inu Burn Rate Skyrockets 1837% – SHIB Price Set for Massive Gains? appeared first on Coinpedia Fintech News
Shiba Inu (SHIB), the Ethereum-based meme coin, has been seeing a massive surge recently, with a 52% rise over the past week, but that’s not all. Its burn rate has surged by a jaw-dropping 1837%, with nearly half a billion SHIB tokens being destroyed. This surge has sparked huge excitement, with many investors now predicting Shiba Inu could skyrocket by 300%. Could this be the next big crypto breakthrough?
Shiba Inu Burn Rate Soars 1837%
On November 11, data from Shibburn revealed a remarkable 1837.67% rise in the burn rate. A total of 463.45 million SHIB tokens were burned in a single day, leading to a significant reduction in SHIB’s circulating supply. As of the latest report, only 589.26 trillion SHIB remain in circulation.
This burn mechanism is key to boosting Shiba Inu’s price potential. By decreasing the total supply, the value of each remaining token may rise, following the basic economic principle of supply and demand.
Over the past week alone, 615.15 million SHIB tokens were destroyed, which adds to the growing enthusiasm surrounding the token.
Trump’s Win Adds Fuel to SHIB’s Surge
The recent surge in SHIB’s price can also be attributed to the overall bullish sentiment in the crypto market. The victory of Donald Trump in the U.S. elections has boosted investor confidence in cryptocurrencies, including SHIB.
Along with this, the popular trading platform Robinhood recently allowed SHIB transfers in the EU, further fueling interest in the coin.
As of now, SHIB’s price sits at $0.00002527, marking a 13% rise in the last 24 hours. The coin’s weekly chart shows an impressive 53% gain, and some analysts believe it could continue rising.
What’s Next for SHIB?
With an increase in trading volume up by 245% to $6.32 billion, there’s a clear sign that investors are excited about SHIB’s potential. Market analysts are optimistic that SHIB could see significant gains in the future.
Some forecasts predict a 300% rise in price as the coin continues to gain popularity and as the burn efforts reduce its supply.
Just Calm Down Shib Incu And Floki Incu Will Surperise Everyone, Wait and Watch You have last chance to get Onboard. Their breaktrough will be very Hard 😘😍
I smell like Something Going to Very Expolsive , may be this calmness bring a huge storm pre signs of Bull , we are in uptober things will change sudden , we cant get enogh time to be get onboard in this bullishness Sesson of Crypto millionier so being a part of this cycle as much earlier as it possible😍😎
Oct 13, 2024 | 6thTrade Shiba Inu ($SHIB) is lighting up the charts once again, as the popular meme coin has surged past a key resistance level of $0.00001750, signaling a potential shift in momentum. This rally follows a monumental spike in SHIB’s burn rate, which has shot up by a jaw-dropping 1,436%, contributing to stronger price stability and renewed investor excitement. 🔥 Massive Token Burn: 410 Trillion SHIB Removed from Circulation According to data from Shibburn, more than 19 million SHIB tokens were recently sent to dead wallets, permanently removing them from circulation. This latest burn brings the total number of SHIB burned to an eye-watering 410,730,888,039,931 tokens! By reducing the overall supply, the Shiba Inu ecosystem is enhancing the token’s scarcity—a strategy that could push SHIB’s value higher over time. 🐾 Breaking Through Resistance: The Bulls Are In Control With the burn rate soaring and supply tightening, SHIB’s price has surged over 5%, breaking through a major resistance level at $0.00001750. The token briefly touched $0.000018, showing signs of strength before a slight correction. However, SHIB is proving its resilience, and with continued momentum, it could challenge higher resistance levels in the near future. As of now, Shiba Inu is trading at $0.00001797, representing a 5.42% gain in the last 24 hours. This price action reflects growing optimism around SHIB’s ongoing efforts to reduce supply and increase utility within its ecosystem. 🛠 Shytoshi Kusama Teases Major Developments and Possible Partnerships Adding fuel to the fire, Shytoshi Kusama, the mysterious leader behind the Shiba Inu project, has been dropping cryptic hints about potential new partnerships. According to U.Today, if SHIB’s price can hold above the 100-day Exponential Moving Average (EMA), it could signal a stronger recovery and a return to higher valuations. Kusama recently teased the Shiba Inu community with a "back-to-the-future" theme on X (formerly Twitter), hinting at a potential collaboration with none other than the iconic DeLorean Motor Company. While details are still under wraps, the mention of DeLorean—famed for its innovation and futuristic vision—has sparked wild speculation among SHIB enthusiasts. Some in the community are wondering if this partnership could involve a Shiba Inu-branded DeLorean sports car, or perhaps a broader collaboration between Shiba Inu’s digital ecosystem and DeLorean’s automotive technology. Either way, the buzz surrounding this potential partnership is electric, with many speculating that it could further solidify SHIB’s position as more than just a meme coin. 🚀 The Path Ahead: Shiba Inu’s Bold Future For SHIB holders, the future looks promising. Between the massive token burns, strategic partnerships, and technical resilience, Shiba Inu is evolving beyond its meme coin origins into a broader player in the crypto space. Kusama’s continuous teasing of new developments and the burn rate spike hint at a long-term upward trajectory for the token. Shiba Inu's approach to reducing its circulating supply, while simultaneously expanding its brand presence through exciting potential partnerships, reflects a well-rounded strategy for driving value. For the SHIB community, these recent developments mark the beginning of what could be a sustained bullish trend. Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. Past performance is not a reliable indicator of future results. Please exercise caution, #ShibaInu #SHIBBurn #MarketUpdate #CryptoOnFire #6thTrade $SHIB
Dont understimate the power of shib incu. its uptober bibi😍
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#SHIBUSDT 🎉 Lucy has a big move! $SHIB token is about to start a crazy rise mode, are you ready?
Lucy, the marketing head of Shiba Inu, recently made a big move, predicting that SHIB tokens will soar by 1,000 in the next 2 to 3 days. In the bull market before, the price was soaring.
If it really rises so sharply, the price of $SHIB can soar to 0.000193 US dollars, leaving the high point in October 2021 behind.
Why does Lucy dare to predict this? It is mainly because of the following reasons: the token destruction rate has increased, Shibarium Layer 2 is also moving forward steadily, and the ecosystem is still expanding.
Shiba Inu friends, get ready for the carnival! #特朗普当选概率上升 #SCR开盘 #粉丝代币板块普涨 Recently, I am planning to ambush a potential coin that is ready to explode. It is still very easy to double it. At the same time, I am also preparing to find some potential coins to hold by the end of the year. It is expected that there will be no problem with more than 10 times the space. If you want to keep up, leave a message, follow, like, and share for free.
Shiba Inu Set for Explosive 335% Surge: Bullish Flag Breakout Signals Major Rally
Shiba Inu (SHIB) is poised for a significant price increase, with analysts predicting a 335% surge.
This forecast comes as SHIB forms a bullish flag pattern, supported by strong RSI signals.
The current price movement mirrors the rally from January, which resulted in a 406% breakout, raising expectations for another massive run. #shiba⚡ #SHIBAUSDT #SHIB، #Shibainuholder