Shiba Inu’s burn rate surges by 254,000% – Good news for SHIB?

Quick Summary:

Despite a massive burn rate spike, SHIB might struggle to break out of its historical price trends.

Did previous burn rate spikes affect SHIB’s price?

Therefore, a pressing question arises – Will this latest burn finally trigger a sustained price rally, or will it simply echo past short-lived gains?

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Article Details

Author / Journalist: Erastus Chami

Category: Crypto

Markets: United States

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-03 @ 02:00:38 (4 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 680 words

Reading Time: 4 minutes read

Sentences: 39 lines

Sentence Length: 18 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 23372922

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 18 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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