The post Shiba Inu Burn Rate Soars, Rally Hopes Ignite appeared on BitcoinEthereumNews.com.

Shiba Inu’s burn rate spiked nearly 100%, with 6.26 million SHIB permanently removed from circulation, sparking optimism for price growth. The Christmas launch of “SHIB: The Metaverse,” featuring Chainlink CCIP for multi-chain functionality, and hints of the upcoming TREAT token have fueled bullish sentiment. Whale activity also added excitement, as 2.88 trillion SHIB, worth $65.7 million, was accumulated from BTCTurk. Despite current price volatility at $0.00002293, analysts project a rebound to $0.000029, driven by supply reductions, strong community engagement, and advancing ecosystem developments. Source: https://coinpedia.org/crypto-live-news/shiba-inu-burn-rate-soars-rally-hopes-ignite/

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Filed under: News - @ December 26, 2024 5:17 am