Shiba Inu jumps on 3,679% burn rate spike – Is SHIB’s rally just getting started?

Quick Summary:

A massive 3,679% burn rate spike propels SHIB’s price upward, stirring market interest.

Interestingly, Shiba Inu’s active addresses have risen by 0.81%, suggesting increasing network activity and heightened interest from the community.

High open interest indicates that traders are increasingly betting on Shiba Inu’s future performance, likely speculating on continued price growth.

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Article Details

Author / Journalist: Erastus Chami

Category: Crypto

Markets: United States

Topics: Social News 1 News Memecoins Ambcrypto Trading View Shiba Inu

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 15:00:21 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 725 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 23587046

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 17 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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