SHIB

SHIB Price at Risk: Will Volume Surge Overcome Resistance at $0.000025?

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New York, USA – Shiba Inu’s price is facing potential drawbacks despite a 103% increase in volume in the cryptocurrency market. Currently valued at $0.000024, SHIB has experienced a decline of over 4.8% in the past 24 hours. The combination of falling prices and rising volume suggests significant selling pressure, hinting at possible further drops in the cryptocurrency’s value. Market data from Santiment indicates that exchange outflows from the Shiba Inu network have reached 510.97 …

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Increase in SHIB Burn Rate Impacting Price: Is a Bullish Surge Next?

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New York, USA – The burn rate of Shiba Inu (SHIB) tokens has experienced a significant increase in the last 24 hours, according to data from Shibburn. This surge marks a 56.16% uptick, contrasting with a previous decrease when the number of burned tokens was less than 40 million. The purpose of burning SHIB tokens is to create scarcity, ultimately driving up their value and combating inflationary pressures. While this recent increase in burn rate …

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