Shiba Inu Coin Burn Rate Spikes 530%, Will SHIB Price Rally?

Quick Summary:

This significant increase in the burn rate has reignited market optimism among crypto enthusiasts, sparking hopes for a potential price rally for SHIB.

Shiba Inu coin (SHIB) has captured the spotlight once again as its burn rate surged by a staggering 530% within the last 24 hours.

Factors such as overall market sentiment, investor behavior, and regulatory news can influence the price, alongside internal measures like token burns.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: Shiba Inu(SHIB) SHIB Price Shiba inu burn Shib burn 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-21 @ 07:09:12 (6 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 535 words

Reading Time: 3 minutes read

Sentences: 49 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 21326973

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 59 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions