Is Shiba Inu Poised for a Breakout as Burn Rate Surges?

Quick Summary:

Shiba Inu (SHIB), one of the leading meme coins, has captured market attention as Bitcoin maintains its rally above $97,500.Despite a 2.19% decline in the past 24 hours, SHIB trades at $0.00002408, down 8% over the week but up 33% in the last month.

Meanwhile, SHIB’s total supply currently stands at 589.26 trillion tokens.

Open interest has also risen by 4.85% to $101.71 million, reflecting heightened speculative activity.

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Article Details

Author / Journalist: Janani

Category: Crypto

Markets: United Arab Emirates

Topics: Altcoin News SHIB Cryptocurrency Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 10:04:08 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 306 words

Reading Time: 2 minutes read

Sentences: 27 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23737132

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 42 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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