#An_important_development_for_the_Shiba _Inu currency...and a bet on a strong rise soon🚀

_#The.Shiba.Inu developers revealed a new update this week that has the community excited. According to an announcement in Shape magazine, the developers will collaborate with D3 Global, an organization specializing in this field, to create a high-level domain for the Shiba Inu. This initiative is seen as an important step in making the Shiba Network a robust Web3 protocol. Through this project, Shiba Inu will enable users to seamlessly integrate into both Web2 and Web3 applications by obtaining a .shib extension, which will be a unique digital identity.
Although similar examples such as .eth exist among the Web3 protocols, it has been reported that these domain names have not yet gained top-level domain (TLD) status. Although #ICANN.approval is required to launch a top-level domain name, this is seen as a very long process. On the other hand, Shiba developers want to be the first Web3 protocol to introduce a TLD by bypassing this complex process. If developers can get approval from ICANN, SHIB owners will be able to use .shib domain names as emails and use them as cryptocurrency wallets, similar to the Ethereum name service. Thus, in addition to expanding the SHIB's usage area, more practical operations will be enabled.
#Shiba.Inu's lead developer, Chitoshi Kusama, shared his excitement about their latest initiative and said they are proud to be a pioneer in decentralization. Kusama also stated that if the project progresses successfully, they will have a vision of continued decentralization, which other protocols have yet to achieve. The Shiba Inu coin is now at 0.00001037, up 1.07% now Latest developments in the status of the SHIB token While SHIB has remained among the cryptocurrencies that have remained silent in the recent general upward wave, it has recorded an increase in value of almost 50% in the past two months, but it has not It is yet to show the appearance of a recovery from downward momentum.

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#The.Shiba.Inu burn rate increased by 5000%.. What happens?

_#Shiba.Inu.coin , one of the most popular cryptocurrencies in the world of cryptocurrencies, has acquired. Recently, it has witnessed a noticeable increase in its burning rate over the past day. Furthermore, the rise in SHIB's burn rate appears to have orchestrated a torrent of speculative noise across the broader cryptocurrency market on Monday as it emerged amid a price decline seen in the token. A large whale transfer also received notable attention among #cryptocurrency.market enthusiasts. Notably, the whale transfer resulted in the redistribution of approximately 4 trillion SHIB between unknown wallets. Which sparked more speculation about the token. SHIB Burn Amid Whale Activity: Report According to data revealed by #Shibburn , a platform that simplifies SHIB burn metrics. It appears the community has burned 53.13 million SHIB in the past 24 hours. Moreover, according to the data, the burn rate indicated a massive rise of 5043.37%, sparking optimism about the token.
In line with today's spike in burn rate, the cryptocurrency's weekly burn rate also registered a rise of 98.66%. Meanwhile, a big deal also occurred for the whales orbiting the Shiba Inu as the token set a bullish record for burn rate. It unveiled Whale Alert, a platform that provides on-chain metrics. According to data showing the transfer of 4.25 trillion SHIB yesterday, December 24th. According to the data, an unknown wallet, 0x3ce6bed2…87d896c59f, transferred the blocked amount to another unknown wallet, 0x9c570088…a22fd8b51b. Interestingly, the rise in SHIB burning rate, accompanied by whales transferring 4.25 trillion coins. Coinciding with the price drop observed by the token today, it sparked a spiral of speculation across the cryptocurrency horizon. Shiba Inu Price Decline As at the time of writing, the Shiba Inu price has shown a marginal decline of 0.97% and is currently trading at $0.00001077.

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