Shiba Inu’s 14,575% hike – Good news for SHIB’s price or should traders beware?

Quick Summary:

SHIB’s burn rate surge and growing network activity are good signs, but is that all?

To put it simply, SHIB’s burn rate hike has generated excitement, but technical indicators pointed to the need for cautious optimism.

Consequently, this token burn has sparked a wave of positive sentiment, driving SHIB’s price up by 3.43% to $0.00001889 in the last 24 hours.

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Article Details

Author / Journalist: Erastus Chami

Category: Crypto

Markets: United States

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 09:00:25 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 656 words

Reading Time: 4 minutes read

Sentences: 41 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 23100506

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 19 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

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Publisher ID: #103

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