Shiba Inu rebounds strongly! Market sentiment is high!
Shiba Inu (SHIB) has seen a rapid price increase in the last 24 hours, while the destruction rate has also increased by 1,300%, meaning that more than 130 million SHIBs are no longer in circulation. Although the market has been somewhat volatile recently, people are becoming more and more enthusiastic about SHIB.
Often referred to as the "Dogecoin Killer," SHIB has seen a rapid price increase in the last 24 hours, especially after the price dropped to $0.000024 last month. Shiba Inu's price has recovered, approaching $0.00003, and people are interested in this altcoin again.
Despite recent market volatility, Shiba Inu's on-chain data shows that people are still very enthusiastic about it. The latest data shows that Shiba Inu's market value has risen, and its 24-hour trading volume has also increased a lot. These indicators give people confidence in SHIB.
SHIB is also active in the derivatives market. Data shows that SHIB's open interest and trading volume have increased. Technically, $0.000029 is an important resistance level for SHIB. If it can break through this price level, it may continue to rise.
