SHIB Burn Rate Surges 2200%, Shiba Inu Eyes Parabolic Rally Ahead?

Quick Summary:

The latest SHIB burn rate data has once again sparked noteworthy bullishness surrounding the renowned dog-themed meme token, Shiba Inu.

The token’s burn rate witnessed a whopping 2200% uptick on Thursday, amid reports of a potential rally in the asset’s price ahead.

A price forecast for the crypto spotlights key reasons why investors should not sell the coin, especially amid a broader meme coin bull market.

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Article Details

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Shiba Inu (SHIB) PRICE Shib burn rate Shiba Inu(SHIB) Shib burn Altcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 05:48:37 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 35 lines

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Copyright Owner: © CoinGape

News ID: 23729704

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