Shiba Inu recently burned 12.76 million SHIB tokens within 24 hours, marking one of its highest burn rates in weeks and reducing its circulating supply significantly. This burn surge, increasing by over 677%, signals growing network activity and could create scarcity that may boost SHIB's price if demand rises. However, despite this positive indicator, SHIB's price remains down around $0.000004720, reflecting ongoing market volatility. Analysts remain hopeful that the strong burn activity might ease selling pressure and support a price recovery in the near future.
Macro strategist Michael Gayed dismissed the idea that Shiba Inu (SHIB) could ever hit $1, explaining that its market capitalization would need to surpass the entire global dollar supply to reach that price. Gayed's blunt response highlights the unre...
Bitcoin, Dogecoin, XRP, and Shiba Inu are all experiencing bearish trends following recent market corrections. Bitcoin is trying to stabilize after falling from $74,000–$76,000 but remains below key moving averages, indicating ongoing long-term press...
Binance users withdrew 1.1 trillion Shiba Inu (SHIB) tokens in June, reducing exchange reserves below 80 trillion tokens globally. Instead of moving into stablecoins, investors redirected funds into Bitcoin and Ethereum, increasing their holdings by ...
Shiba Inu (SHIB) is testing the critical $0.000005 price level but faces difficulty sustaining it amid a broader downward trend. The token remains below key moving averages, indicating bearish dominance despite a recent recovery attempt. Analysts out...
Shiba Inu's price chart formed a golden cross as its 50-period moving average crossed above the 200-period on the two-hour chart, signaling potential bullish momentum. However, this comes at a time when the crypto market faces strong selling pressure...
