Shiba Inu price has retreated for two consecutive days, even as the burn rate jumped by over 3,400%. Shiba Inu (SHIB), the second-largest meme coin, retreated to $0.00002765, down by 16.2% from its highest level this month.

The official X account of the layer-2 blockchain Shibarium @ShibariumNet spreads the word about launching major upgrades for the Shibarium mainnet.

Due to on-chain data showing a possible influx of 33.7 trillion SHIB in the next 24 hours, Shiba Inu is getting ready for volatility. The price performance of the token and the general dynamics of the market may be significantly impacted by this enormous activity.

The latest SHIB burn data has once again ignited a tidal wave of optimism surrounding the renowned dog-themed meme crypto, Shiba Inu. Notably, the meme coin's supply continues to take a blow, as indicated by a nearly 3,400% upsurge in the burn rate on Tuesday.

Shiba Inu's (CRYPTO: SHIB) 72% monthly gain and its active coin-burning mechanism continue to fuel optimism among traders. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002905 $17.1 Billion +1.6% +21% Dogecoin (CRYPTO: DOGE) $0.4164 $61.2 Billion +1.7% +10.2% Pepe (CRYPTO: PEPE) $0.00002025 $8.5 Billion +1.1% +12% Trader Notes: Crypto trader Bluntz Capital expects meme coin enthusiasm to reignite retail interest in projects like Dogecoin, Shiba Inu and Floki.

The popular meme coin Shiba Inu has been showing strong growth, rising by over 21% in just a week and 73% since November. As the crypto market rallies this December, SHIB looks ready for even more growth.

In the ever-evolving crypto landscape, Chainlink (LINK) and Shiba Inu (SHIB) represent two significant approaches.

Shiba Inu (SHIB) records 13% daily gain reaching $0.00003061, posts 109% three-month growth, while analyst projects potential 179% increase to $0.000081 amid ecosystem developments.

Shiba Inu (SHIB) has displayed significant performance over the past few weeks. Trading at $0.00001712 early in November, the meme token soared 93% to $0.000033159 on late 1 December. The robust uptrend saw the frog-themed cryptocurrencies exploring price levels not seen over the past eight months.

​​As the bullish momentum grips the cryptocurrency market, the Shiba Inu price is showing strong signs of upward movement. The popular meme coin recently surged by 20%, reaching new price highs and fueling investor optimism.

Data shared by the popular blockchain wallet tracker Shibburn has revealed that an anonymous whale has burned a mammoth-sized amount of Shiba Inu meme coins in just a single transaction.

XRP is still at the top of the cryptocurrency market, up 20% in just one day, reaching $2.44. As of right now, its market capitalization is $132 billion, making it the fourth-largest cryptocurrency in terms of market value.

Shiba Inu (SHIB) is stirring up excitement again. The meme-based cryptocurrency has seen bullish momentum lately, grabbing the attention of investors and analysts alike.

Shytoshi Kusama, the face of Shiba Inus decentralized movement, has vowed to thwart challenges facing SHIB DAO. His pledge to defend the ecosystem and empower SHIB holders reflects the teams readiness for decisive actions against threats.

Shiba Inu (CRYPTO: SHIB) is down 9%, despite a soaring burn rate and increasing transaction volumes fueling optimism for its long-term trajectory. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002889 $17 Billion -9.5% +13.2% Dogecoin (CRYPTO: DOGE) $0.4177 $61.4 Billion -3.2% +3.2% Pepe (CRYPTO: PEPE) $0.00001993 $8.4 Billion -10.9% +4.3% Trader Notes: InvestingHaven predicts SHIB could climb to $0.

Is SHIB preparing for a new all-time high soon?

Shiba Inu's burn rate surged over 7000% last week while its price action turned bullish.

Shiba Inu has experienced a significant uptrend since September, pushing its price to multi-month highs. This rise allowed SHIB to capitalize on the bullish market sentiment and record a 24% gain over the past 24 hours.

Popular dog-themed meme coin Shiba Inu is currently riding the bullish wave, attracting notable gains following the renewed momentum of the general crypto market. This recent uptrend of Shiba Inu has fueled robust optimism within the community about its potential for a significant rally in the upcoming weeks.

Two main factors appear to be contributing to Shiba Inu's recent price performance. They are market sentiment and community backing.

Shiba Inu (SHIB), the second-largest meme coin, presents a unique trend that suggests a potential rally ahead. This development coincides with an increased Shiba Inu burning rate over the past month.

With a 13% decrease over the past day Shiba Inu saw a major decline. This drop comes after a robust rally earlier in the week in which SHIB broke through significant resistance levels and rose as high as $0.000033 before falling back to $0.000029.

Shiba Inu's price surged past $0.00003, driven by a combination of increased token burns, whale accumulation, and growing network activity, though facing resistance at current levels amid broader market volatility.

Shiba Inu price, a popular meme-based cryptocurrency, has gained significant momentum amid market optimism this month, especially with Bitcoin increasing to $100,000. The token recently surged past a key level despite a double-digit decline in the SHIB burn rate.

The famous meme coin Shiba Inu might be getting ready to break its previous all-time high. The movements on charts are spreading excitement among the Shib Army. At the end of October 2021, as the crypto market was about to take a dip, the dog-themed meme coin started its downward journey.

The cryptocurrency market is filled with enthusiasm as significant participants show robust upward trends. Bitcoin price maintains its remarkable momentum, fluctuating between the $96K-$98K range, as XRP price experiences a 29% increase in the past 24 hours.

Shiba Inu (SHIB) saw a significant surge, hitting its highest price in eight months.

The bulls have just showered their confidence in the XRP price rally, which broke the 6-year-long consolidation. Besides, the top two cryptos, Bitcoin & Ethereum, continue to juggle within a narrow range, probably due to a massive liquidity shift into the other tokens.

Shiba Inu has just made a stunning entry into the top 10 cryptocurrencies by market capitalization. With an impressive growth of 20% in just 24 hours, this dog-themed coin confirms its major role in the crypto universe.

Due to its incredible ascent, XRP's price has risen to $1.95, bringing it closer to the psychological $2.00 mark and increasing its market capitalization to an incredible $110 billion. Due to the asset's remarkable rally, investors are now speculating about two possible futures for it based on its current price action.

Shiba Inu has surged past $0.000030 with trading volumes reaching $7.3 billion. Could $0.000040 and $0.000050 be next?

Bitcoin's strength has pulled several altcoins higher, with SHIB, FIL, MNT, and AAVE showing promise in the near term.

Bitcoin's strength has pulled several altcoins higher, with SHIB, FIL, MNT, and AAVE showing promise in the near term.

SHIB is the top performer in the past 24 hours among the largest digital assets.

Shiba Inu has rocketed back into the top 10 cryptocurrencies by market capitalization following a 20% surge. Trading at $0.00003223, SHIBs bullish breakout above $0.00003 has flipped Avalanche and Tron, with eyes now set on the key resistance at $0.000035.

Dog-themed meme coin Shiba Inu is currently up by 17.7% for the day and 30% over the past week.

Starting December on a high note, an influx in trading volume has sent Shiba Inu's token-burning mechanism into overdrive, axing over 52.3 million SHIB and stoking rally hopes. The post Shiba Inu Burns Push SHIB Price Over $0.00003, Analysts Predict Another Zero Going Down by 2025 appeared first on Cryptonews.

The altcoin sector continues to register massive gains, with Ripple (XRP), Stellar (XLM), Shiba Inu (SHIB), and Brett (BRETT) making substantial movements. With Bitcoin's dominance declining, the market prepares for the altcoin season to move in.

Shiba Inu's price surged in double-digits, but a pullback might be around the corner.

Dog-themed cryptocurrency Shiba Inu (SHIB) has stormed back into the top 10 cryptocurrencies by market capitalization, fueled by an impressive 20% surge in the last 24 hours.

November was a significant month for Shiba Inu (SHIB) marked by substantial token burns and notable price movements. According to Shibburn, a total of 3,162,301,655 SHIB tokens were burned throughout the month, spread across 167 transactions.

What if reducing a part of yourself to nothingness was the key to shining even more? This is the bold bet that Shiba Inu is making by destroying 2 billion SHIB tokens in a week.

After the explosive price performance of the popular meme-inspired cryptocurrency Shiba Inu (SHIB) today, its price started to look much more attractive not only against the USD, but also against its main rival Dogecoin (DOGE).

Cryptocurrency Shiba Inu (CRYPTO: SHIB) has surged, reaching an eight-month high amid a meme coin rally. What Happened: On Sunday, Shiba Inu, the second-largest dog-centric cryptocurrency by market capitalization, surged.

The market was taken by surprise following Shiba Inu's dramatic price increase which sent it to $0.00003059. Though there are still concerns about whether this rally can continue or if it will eventually cool down, this face-melting pump has reignited interest in the meme coin.

The popular meme-inspired cryptocurrency Shiba Inu (SHIB) continued to make waves over the weekend. This time, the reason is what is happening on the SHIB price chart and what is happening behind the scenes — in on-chain reality.

Shiba Inu, the popular meme coin, has witnessed an extraordinary surge in its burn rate, with a staggering 7,418% increase and over 2 billion SHIB tokens burned over the past week. This significant reduction in circulating supply has ignited optimism among investors, especially with the Shiba Inu price currently trading at yearly highs.

The last day of the week is more bearish than bullish, according to CoinMarketCap.