Shiba Inu Price Eyes 76% Rally As 6.8m SHIB Tokens Burned

Quick Summary:

Shiba Inu price has underperformed other popular meme coins in the past few days.SHIB trades at $0.000026 on Monday, where it has been stuck since November 10, as investors anticipate more upside as the burn rate rebounds.

Data on its website shows that ShibaSwap’s volume has jumped to $75 million this month, the highest level since March.

ShibaSwap is a decentralized DEX network where people swap tokens, while Shibarium is a layer-2 network that has completed over 500 million transactions.

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Article Details

Author / Journalist: crispus

Category: Crypto

Markets: India

Topics: Shiba inu price analysis SHIB Price Shiba Inu Price Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 14:15:53 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 524 words

Reading Time: 3 minutes read

Sentences: 42 lines

Sentence Length: 13 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 23832681

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