ShibaInu price jumps as SHIB army pursues new reality
This price growth is notably the first bullish uptick for the second largest meme coin, which is still down about 10.44% over the week based on data from CoinMarketCap. The seeds for growth have been sown in a consistent manner through regular SHIB token burns. As steadfastlyby U.Today, Shiba Inu has burnt more than six billion tokens over the past few days as the protocol's burn rate remains consistently high.
This burning event indicates something significant, and it is embodied in the reduction in the overall circulating supply of the meme coin. This network's imbibed scarcity, when mixed with typical growth in demand, is bound to produce a positive uptick in price, accounting for the latest growth in the price of SHIB.
The slower-than-normal bullish jump indicates relative stability and, moving forward, we can expect a steadier but slow price growth for the meme coin. The hype around new competingFor now, SHIB is aiming at keeping the $0.0000085 price level as its support.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
SHIB Burn Rate Jumps as Billions of Shiba Inu Burned in Past WeekAstounding amount of Shiba Inu removed over past seven days, while over ten million SHIB burned since Sunday
Consulte Mais informação »
14 Trillion Shiba Inu (SHIB) Might Be at Risk as Price Falls: Details14 trillion SHIB support in jeopardy as Shiba Inu price falls ShibArmy SHIBCommunity $SHIB
Consulte Mais informação »
Shiba Inu (SHIB) in Critical State: What's Happening?Memecoin rally did not help $SHIB to exit the downward spiral that led to the unexpectedly swift drop toward a critical level
Consulte Mais informação »
SHIB Burn Rate Jumps 13,100%, Here Are Likely TriggersShiba Inu's burn rate has jumped by another 13,100% to keep April momentum intact
Consulte Mais informação »
Shiba Inu (SHIB) Price Hits 6-Month Low, Data Signals High Buying ActivityShiba Inu records high buying activity as $SHIB price hits 'FTX Low' shibainu shib shibarmy shibarium shibaeternity shibburn
Consulte Mais informação »
Shiba Inu (SHIB) Big Announcement Imminent, Here's What It Might BeShiba Inu (SHIB) teases major announcement, what could it be? SHIB ShibArmy SHIBCommunity $SHIB
Consulte Mais informação »