Shiba Inu ($SHIB ) Market Analysis 🚨🚨⚠️
Shiba Inu (SHIB) has shown a 2.41% decline in the last 24 hours, currently trading at $0.00002184. Here’s what you need to know:
📊 Price Action:
Intraday High: $0.00002205
Intraday Low: $0.00001976
🔥 Key Developments:
Shibarium’s Milestone: The Shiba Inu layer-2 network Shibarium has reached an impressive milestone with over 815 million transactions and 2.1 million addresses, showing strong adoption.
Surge in Burn Rate: The burn rate for SHIB tokens has skyrocketed by 950%, with over 30 million tokens burned recently, reducing supply and increasing scarcity.
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💎 Market Position:
Shiba Inu’s market cap stands strong at $12.58 billion, maintaining its position among the top cryptocurrencies.
🔮 Outlook:
The recent progress in Shibarium and the significant burn rate increase show that Shiba Inu’s ecosystem is growing. However, the crypto market remains volatile, so make sure to do your research before making any investment moves.
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