Shiba Inu Burn Rate Drops By 89%; Trading Volume Soars By 7%
The Shiba Inu holder’s address mirrored a steep decline in the last week.
According to Shibburn(dot)com burn rate descended by over 89% in the last 24 hours.
Shiba Inu is a leading meme cryptocurrency popularly known as ‘Dogecoin-Killer.’ According to Shibburn(Dot)com, in the last 24 hours, the burn rate degraded by over 89%.
The official Twitter handle of Shibburn informed that in the past 24 hours, around 111,207,374 $ SHIB were burned, and weekly, 1,263,659,209 Shiba Inu tokens were burned. The burn rate of leading meme tokens slipped over 45% in the last seven days.
According to CoinMarketCap, Shiba Inu is the 14th most traded cryptocurrency. At press time, the meme cryptocurrency traded at $0.00001096 with a 24-hour trading volume of $123,411,657.
Shiba Inu’s price stayed in a narrow congestion zone, showing consolidating moves. With rejection on a 50-day EMA, SHIB cannot move across it. If it maintains to surpass $0.000001200, then bullishness resumes, but neutrality will be below that.
Until April 10, 2023, the total Shiba tokens burned from the initial supply was 410,631,355,779,408 SHIB, and the total circulating supply of Shiba Inu is 573,893,750,262,060 SHIB.
Shiba Inu tokens are traded on Coinbase, Kucoin and Crypto(dot)com, including dozens of other centralized crypto exchanges. Uniswap, the leading decentralized crypto exchange, also offers a platform to trade Shiba Inu tokens.
Read More: https://www.thecoinrepublic.com/2023/04/10/shiba-inu-burn-rate-drops-by-89-trading-volume-soars-by-7/
The Shiba Inu holder’s address mirrored a steep decline in the last week.
According to Shibburn(dot)com burn rate descended by over 89% in the last 24 hours.
Shiba Inu is a leading meme cryptocurrency popularly known as ‘Dogecoin-Killer.’ According to Shibburn(Dot)com, in the last 24 hours, the burn rate degraded by over 89%.
The official Twitter handle of Shibburn informed that in the past 24 hours, around 111,207,374 $ SHIB were burned, and weekly, 1,263,659,209 Shiba Inu tokens were burned. The burn rate of leading meme tokens slipped over 45% in the last seven days.
According to CoinMarketCap, Shiba Inu is the 14th most traded cryptocurrency. At press time, the meme cryptocurrency traded at $0.00001096 with a 24-hour trading volume of $123,411,657.
Shiba Inu’s price stayed in a narrow congestion zone, showing consolidating moves. With rejection on a 50-day EMA, SHIB cannot move across it. If it maintains to surpass $0.000001200, then bullishness resumes, but neutrality will be below that.
Until April 10, 2023, the total Shiba tokens burned from the initial supply was 410,631,355,779,408 SHIB, and the total circulating supply of Shiba Inu is 573,893,750,262,060 SHIB.
Shiba Inu tokens are traded on Coinbase, Kucoin and Crypto(dot)com, including dozens of other centralized crypto exchanges. Uniswap, the leading decentralized crypto exchange, also offers a platform to trade Shiba Inu tokens.
Read More: https://www.thecoinrepublic.com/2023/04/10/shiba-inu-burn-rate-drops-by-89-trading-volume-soars-by-7/
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