Shiba Inu Undeterred By Market Crash As Burn Rate Surges 404%

Quick Summary:

Shiba Inu is one of the altcoins that have been hit, especially in the crypto market crash, seeing a substantial decline from its 2024 highs.

However, this has not deterred community members from their mission of trying to reduce the meme coin’s supply through burning.

This means that when the Bitcoin price does begin to recover, then a recovery is likely for the Shiba Inu price as well.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: SHIBUSD Shib Shiba Inu price SHIBUSDT Shiba Inu news SHIB price Shiba Inu burn Shiba Inu SHIB news SHIB burn

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 19:00:03 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 430 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 22393928

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 32 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #105

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