Shiba Inu (SHIB) Burn Rate Rises as Price Pumps

The Shiba Inu coin is still experiencing higher on-chain metrics during this correction in the crypto market. The SHIB burn tracker, ShibBurn, reports a significant increase in burnt coins.

Shiba Inu (SHIB) is still experiencing higher on-chain metrics during this correction in the crypto market. The SHIB burn tracker, ShibBurn, reports a significant increase in burnt coins.

The total amount of SHIB tokens burned in the past 24 hours is over 113 million, according to the platform. The recent SHIB burns were carried out in 11 transactions, and the total burn rate has increased by 1,230%.

The massive SHIB burns come as the meme coin price dropped to below $0.00002 recently, according to CoinMarketCap data. Nevertheless, the meme coin has bounced back above $0.0000220 at the time of writing.

Analyzing the future, several analysts have predicted the value of the Shiba Inu token could skyrocket. One of them is Shib Spain. The cryptocurrency enthusiast noted the value of the meme coin could rise to $0.00004 soon.

However, Shib Spain also noted that SHIB must remain above the support at $0.00002 to increase the chances of this prediction. Another analyst called InvestingHaven gave a more bullish prediction.

They told their followers the Shiba Inu crypto price might rally to a peak of $0.0000998 in 2025. InvestingHaven also placed the lowest point at $0.0000234. While there could be volatility, they said patience could pay off for Shiba Inu Investors.

Meanwhile, a new DeFi project called Remittix is gaining attention in the cryptocurrency market. Set for a massive price increase, Remittix will outshine other digital currencies. While Shiba Inu’s total supply is over 589 trillion, Remittix has only 1.5 billion tokens in circulation, making it a much scarcer and therefore more valuable token.

Remittix (RTX) is capitalizing on a trillion-dollar industry. The cross-border payment market is rapidly growing and is expected to reach more than $250 trillion by 2027.

Such an increase can be attributed to several factors, including the growth of online businesses, globalization, and the emergence of freelancers in the business world.

Several aspects contribute to Remittix being a superior solution to the slow, expensive, and traditional methods of transfer. It uses blockchain technology to enable near real-time, low-cost, and transparent cross-border transactions, which makes it ideal for individuals and firms who want to make efficient and cheap cross-border transactions.

Remittix is not only changing the way we transfer money but is also enabling a financial revolution across the world. In addition to fast, cheap international money transfers, Remittix also releases a set of tools that will redefine the way companies and individuals engage with the world economy.

At the core of this innovation is the Remittix Pay API, a tool designed for developers that allows companies of any size to integrate cryptocurrency payments into their processes.

With just a few lines of code, a business can easily integrate its store to accept cryptocurrencies from customers globally and automatically convert them to the local currency of their choice.

This not only creates opportunities to access a huge number of potential customers but also allows becoming a market leader in the constantly growing digital environment.

Furthermore, Remittix is designed with ease of use for the users, both individuals and business entities as the platform has a simple and easy-to-use interface.

Whether it is used to transfer money to family and friends, pay for business or personal transactions, or even learn about the world of cryptocurrencies, Remittix makes it easy and enjoyable.

Remittix is much more than a platform; it is an opportunity to enjoy borderless and fast financial transactions. Currently, in the presale phase, the Remittix coin is trading at $0.0156. Analysts have identified it as one of the best cryptocurrencies to buy right now for significant potential gains.