$SHIB
🚨 Shiba Inu Price Holds Amid Market Shift Expectations 🚨
After the Shibarium DappStore went live on April 25, Shiba Inu’s price jumped by 9%. The new platform aims to grant users and developers an easier and more secure way to access verified decentralized applications.
However, despite the sharp rise in the token burn rate, SHIB’s price has not reacted positively. According to the latest data from CoinMarketCap, SHIB is priced at $0.00001262, reflecting a 3.27% drop in the last 24 hours. Its market capitalization also dipped slightly to $7.37 billion.
However, trading activity suggests that interest remains strong as volume increased by over 15.64%, to $140.36 million.
Based on market sentiment, this increase in trades could show optimism among investors who see the burn strategy as a longer-term value play. According to the market outlook, the number of staked tokens remains high, with over 4.8 trillion SHIB held as xSHIB.
It is essential to add that while prices have not spiked yet, the consistent burning and growing trade volume are clear bullish signs. The Shiba Inu community is watching closely and staying involved in anticipation of a market shift.