Will SHIB Reach $0.01 as Burn Rates Soar?
The post Will SHIB Reach $0.01 as Burn Rates Soar? appeared on BitcoinEthereumNews.com. The cryptocurrency market is buzzing with renewed energy, and Shiba Inu (SHIB) shows strong signals of gearing up for a potential altcoin season. As the broader crypto market experiences a positive uptick, currently sitting at a modest 0.2% to 2% gain on the day, the Fear and Greed Index nears bullish territory, registering a neutral 55. This positive sentiment stems from the ongoing surge of meme coins, with TRUMP coin continuing its trending streak and Bitcoin approaching the significant $100,000 mark. Michael Saylor’s ambitious strategy to raise $84 billion to further accumulate Bitcoin underscores the prevailing bullish sentiment driving the market. Source – 99Bitcoins YouTube Channel Shiba Inu Price Prediction Shiba Inu shows resilience, rising 7% in the past month. Though still far from its past highs, the Shiba Inu community feels optimistic, suggesting upcoming developments. This renewed excitement matches strong on-chain data. On Thursday, the burn rate jumped by 3,800%, with over 284 million SHIB tokens permanently removed from circulation in the past 24 hours. This high burn rate hints at a possible supply reduction, offering a positive outlook for the long-term price of the token, which currently trades at around $0.000013. The bullish trend around Shiba Inu strengthens with recent growth and adoption. MetaMask, a major cryptocurrency wallet, listed Shiba Inu as one of the top swapped tokens this week, reflecting increasing interest and trading activity in the meme coin-turned-utility token. Excitement grows as Zypto App integrates ShibaSwap, becoming the first decentralized wallet to support Shibarium, Shiba Inu’s layer-2 solution. This move improves accessibility and encourages further adoption of Shiba Inu’s ecosystem. Additionally, a unique collaboration between Astra Nova, Mansory, and Shiba Inu hints at blending Web3 innovation with luxury. The Shiba Inu-inspired vehicle sparks buzz in the community, showcasing the growing cultural influence of the Shiba Inu…
The post Will SHIB Reach $0.01 as Burn Rates Soar? appeared on BitcoinEthereumNews.com.
The cryptocurrency market is buzzing with renewed energy, and Shiba Inu (SHIB) shows strong signals of gearing up for a potential altcoin season. As the broader crypto market experiences a positive uptick, currently sitting at a modest 0.2% to 2% gain on the day, the Fear and Greed Index nears bullish territory, registering a neutral 55. This positive sentiment stems from the ongoing surge of meme coins, with TRUMP coin continuing its trending streak and Bitcoin approaching the significant $100,000 mark. Michael Saylor’s ambitious strategy to raise $84 billion to further accumulate Bitcoin underscores the prevailing bullish sentiment driving the market. Source – 99Bitcoins YouTube Channel Shiba Inu Price Prediction Shiba Inu shows resilience, rising 7% in the past month. Though still far from its past highs, the Shiba Inu community feels optimistic, suggesting upcoming developments. This renewed excitement matches strong on-chain data. On Thursday, the burn rate jumped by 3,800%, with over 284 million SHIB tokens permanently removed from circulation in the past 24 hours. This high burn rate hints at a possible supply reduction, offering a positive outlook for the long-term price of the token, which currently trades at around $0.000013. The bullish trend around Shiba Inu strengthens with recent growth and adoption. MetaMask, a major cryptocurrency wallet, listed Shiba Inu as one of the top swapped tokens this week, reflecting increasing interest and trading activity in the meme coin-turned-utility token. Excitement grows as Zypto App integrates ShibaSwap, becoming the first decentralized wallet to support Shibarium, Shiba Inu’s layer-2 solution. This move improves accessibility and encourages further adoption of Shiba Inu’s ecosystem. Additionally, a unique collaboration between Astra Nova, Mansory, and Shiba Inu hints at blending Web3 innovation with luxury. The Shiba Inu-inspired vehicle sparks buzz in the community, showcasing the growing cultural influence of the Shiba Inu…
What's Your Reaction?
