Shiba Inu Just Spiked 12% Overnight – What’s The Next Move?
17 Dicembre 2023 - 7:47AM
NEWSBTC
People who are interested in investing in cryptocurrencies are
shifting their attention to possible chances in the market as the
holiday season draws near. As a noteworthy option for seasonal
gains, Shiba Inu (SHIB) has a distinctive combination of appeal,
volatility, and prospective returns. Lead developer of Shiba Inu,
Shytoshi Kusama, recently provided insight into the meme coin’s
endeavors as it progresses in the cryptocurrency space. Kusama
Unveils Shiba Inu Community’s Ingenuity Kusama, a well-known figure
in the cryptocurrency sector, provided some new perspective into
the remarkable efforts made by the Shiba Inu community to improve
the token’s complex economics through an engaging series of social
media posts. Related Reading: Osmosis Rally Intensifies With 77%
Increase – Will OSMO Hit $2 This Month? The thriving and dynamic
community that supports SHIB has shown an unwavering dedication to
increasing the Shiba Inu token’s overall value and utility. Through
his posts, Kusama revealed a patchwork of projects that aim to
strengthen the Shiba Inu ecosystem, from creative staking
techniques to decentralized apps (DApps). The focus on community
involvement in tokenomics development demonstrated a shared goal of
establishing Shiba Inu as a strong and long-term digital asset.
SHIB triggered a 12.5% increase in the last 24 hours. Source:
Coingecko At the time of writing, SHIB was trading at $0.000010,
making a surprise increase of 13% in the last 24 hours, and
sustaining a 9% gain in the last seven days, data from Coingecko
shows. The announcement by the Shiba Inu (SHIB) community to burn
billions of tokens in the near future clearly had a good effect on
the meme coin’s price today. Kusama’s emphasis on this action marks
a substantial transition for SHIB from its meme-centric beginnings
to a global standard in the cryptocurrency and blockchain space.
Shiba Inu currently trading at $0.0000108005 territory. Chart:
TradingView.com Interest in SHIB is growing because of the upcoming
token burn, which could enhance the community’s dedication to
guiding SHIB’s development and raise its perceived value. The
administrator of the Shiba Inu Discord channel, who goes by the
handle DaVinci, took to Telegram’s “Shibarium Tech” channel to make
a significant statement to the Shiba Inu community. He gave the
SHIB army’s expectation that the 25 billion SHIB on Shibarium
would burn earlier this week some context. Here’s the update on the
$SHIB burns from the @Shibariumtech TG pic.twitter.com/7dU1gGsy9v —
Digarch.shib | Shibarium is live (@Digarch) December 15, 2023 SHIB
circulating supply in green. Source: Shibburn He said that SHIB
burns might occur at any time and that the SHIB crew is hard at
work planning them. As “everything has to happen in the correct
way,” he advised the people to “take it easy.” SHIB Burns Surge
Three unique addresses are used to compute burns: tokens
transferred to the Genesis address, which lowers the supply, and
two dead wallets with no accessible keys. The SHIB burn rate has
increased significantly by 10.07% in the last 24 hours, destroying
1.18 million coins, as of this writing. Source: Shibburn Related
Reading: Why BONK Keeps On Rising, Price Explodes 124% Today –
Here’s The Scoop The SHIB developers moved an incredible 8
billion SHIB to a dead-end blockchain address earlier this
month. Regarding the current SHIB burning, only 1,184,166 SHIB were
destroyed in the last day. ⚡️TOP #MEME Tokens by Social Activity
$SHIB $DOGE $PEPE $FLOKI $BONK $QUACK #BABYDOGE $TSUKA $VINU
$YOOSHI pic.twitter.com/v2n5qMXsxk — 🇺🇦 CryptoDep #StandWithUkraine
🇺🇦 (@Crypto_Dep) December 12, 2023 Meanwhile, SHIB has taken
the top spot on the list of meme coins with the highest level of
social activity, according to recent research from Crypto Dep. The
information, which comes from the reliable social intelligence site
Lunar Crush, highlights how dominant Shiba Inu is in comparison to
other well-known meme-based cryptocurrencies like DOGE, FLOKI, and
PEPE. Featured image form Shutterstock
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