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news-imageNovember 25, 2024

Shiba Inu Burn Rate Soars 487% In A Day: What Is Going On?

Shiba Inu (CRYPTO: SHIB) has gained traction amid rising burn rates, sparking optimism among technical analysts about bullish momentum for the token. What Happened: According to Shibburn data, the burn rate for SHIB surged by 486.8% over the past day, with 5.9 million SHIB coins permanently removed from circulation.
Publisher: Benzinga
Sentiment: Positive
SHIB

More News Articles

Positive
cover-imageThe Currency Analytics
November 25, 2024

Shiba Inu to $0.01: Expert Weighs In on the Possibility

The dream of Shiba Inu reaching $0.01 remains one of the most talked-about and debated topics in the cryptocurrency community. While many analysts deem this goal unrealistic, renowned crypto expert Luis Delgado (also known as Del Crxpto) believes that the impossible is indeed possible for Shiba Inu, pointing to several past instances in the crypto market where unexpected price surges occurred.

Negative
cover-imageBenzinga
November 25, 2024

Don't Get Fooled By The Success Of Dogecoin, Shiba Inu: 76% Of X (Twitter) Influencers Promote Dead Meme Coins, Study Reveals

A new report has revealed a startling trend in the cryptocurrency market: 76% of influencers on X (formerly Twitter( promoting meme coins are endorsing tokens that eventually lose nearly all their value. What Happened: The study, by CoinWire, analyzed 1,567 meme coins promoted by 377 influencers, uncovering that two out of three tokens they promoted are now classified as "dead.

Neutral
cover-imageUToday
November 25, 2024

Only 470 Billion Shiba Inu (SHIB) Left: Here's What's Next

Within a crucial support cluster of 470 billion tokens (at the time of the writing), Shiba Inu is retaining its position and offering a temporary area of stability. Nevertheless, in contrast to prominent players like Bitcoin, Ethereum and XRP, its performance is noticeably stagnant.

Positive
cover-imageThe Currency Analytics
November 24, 2024

Shiba Inu Lead Responds to Investor Demands: Send SHIB to the Moon

Shiba Inu's lead developer, Shytoshi Kusama, has addressed a growing wave of requests from investors hoping for a major price rally for the token. The call for a “moonshot” has intensified as the crypto market continues its bullish trend, particularly with Bitcoin nearing new all-time highs.

Positive
cover-imageUToday
November 24, 2024

74 Trillion in 24 Hours Shiba Inu (SHIB) About to Get Active

With the help of profitability metrics and on-chain data, Shiba Inu is getting ready for a possible market shift. As key addresses move into profitable zones, 74 trillion SHIB is expected to become active potentially leading to a significant directional shift in the tokens price dynamics.

Positive
cover-imageBenzinga
November 22, 2024

Dogecoin Up 3%, Shiba Inu Up 4%: What Is Going On?

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are trading around 3% higher in a single day boosted by the optimism in the cryptocurrency market. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin $0.3923 $57.6 Billion +2.8% +5.3% Shiba Inu $0.00002496 $14.7 Billion +4.2% +3.1% Trader Notes: Analysts see bullish potential for the top two meme coins.

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