Gold vs US Dollar

Register to chat with like-minded investors on our interactive forums.

Get Started

SHIBUSD SHIBA INU

0.000025

0.00 (0.00%)

08:04:14 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
SHIBA INU	SHIBUSD	Crypto	14,732,021,832	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	0.000025	0.000025	0.000025

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.000025	0.000024	0.000025	0.000025	0.00000600 - 0.000048

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:04:47	688,331.00	0.000025	USD

Price x Volume	Volume	Base Symbol	Related Pairs
9,588,715.44	19,472,125,194.02	SHIB	SHIBEUR	SHIBGBP	SHIBBTC

Despite Price Lull, Shiba Inu Burn Rate Heats Up: Are Investors Preparing For A Mega Rally?

21/05/2024 1:00am

NEWSBTC

In a fascinating twist for the Shiba Inu (SHIB) community, the rate at which SHIB tokens are being burned has increased significantly, even as the price of the meme coin shows modest gains. Recent data from the Shibburn explorer indicates a 62.58% increase in the SHIB burn rate over the past 24 hours, with approximately 6.9 million SHIB tokens removed from circulation through 10 separate transactions. Related Reading: If This Happens, Shiba Inu Price Could Double Soon Recent SHIB Burn Events And Market Response: A Detailed Analysis Details of the 10 transactions show that the largest single burns were 2.55 million SHIB, 1.5 million SHIB, and 1 million SHIB, respectively. In addition, over the last week, 57.6 million SHIB were burned, marking a nearly 57% decrease from the previous week, indicating a weekly burn rate in decline. HOURLY SHIB UPDATE$SHIB Price: $0.00002383 (1hr -1.77% ▼ | 24hr -3.80% ▼ ) Market Cap: $14,172,538,490 (-2.80% ▼) Total Supply: 589,273,577,774,968 TOKENS BURNT Past 24Hrs: 6,985,600 (62.58% ▲) Past 7 Days: 57,671,544 (-56.28% ▼) — Shibburn (@shibburn) May 20, 2024 Despite this aggressive approach to reducing supply recorded in the past day, Shiba Inu’s price has not mirrored the enthusiasm seen in the burn rate. Currently, SHIB has seen a modest increase, up by 0.1% over the last 24 hours and 1.6% over the past week. This performance is less pronounced than that of other meme coins like PEPE, BOME, and FLOKI, which have seen increases of 11.6%, 8.9%, and 6.5%, respectively, over the same seven-day period. Meanwhile, the total SHIB burned since the token’s inception now stands at approximately 410.73 trillion SHIB, a significant chunk of the initial quadrillion supply created by the anonymous founder Ryoshi in 2020. The current circulating supply of Shiba Inu is around 582.99 trillion SHIB, with an additional 6.28 trillion SHIB locked in various staking platforms. Shibarium’s Downturn and Bullish Predictions for Shiba Inu Price On the other hand, the Shibarium layer-2 solution, designed to enhance Shiba Inu’s scalability and efficiency, is experiencing a slowdown in on-chain activity. The daily transaction count has dropped to 11.91k, a sharp decrease of more than 90% from the 121.91k transactions recorded in the middle of last month. This blockchain platform’s total number of transfers has reached 417.50 million, with 1.8 million wallets currently connected. Despite all these, crypto expert Dami Defi has shared an optimistic outlook for Shiba Inu’s price action. The analyst noted that the meme coin has formed a descending wedge pattern in the one-day timeframe. Related Reading: Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy? According to Dami Defi’s analysis, a breakout from this pattern could potentially lead to a surge of over 50% in SHIB’s price, pushing it to around the $0.000035 level. $SHIB formed a falling wedge pattern on the 1D time frame If we breakout, a price pump of 50% + is expected 📈 Memeseason continues. pic.twitter.com/kgA353oLZK — Dami-Defi (@DamiDefi) May 15, 2024 Featured image created with DALL·E, Chart from TradingView

1 Year SHIBA INU Chart

1 Year SHIBA INU Chart

1 Month SHIBA INU Chart

1 Month SHIBA INU Chart

Innovator Premium Income...

FIL Sustainable Research...

BNP Paribas Issuance BV

Delayed Upgrade Clock

Support: +44 (0) 203 8794 460 | support@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions