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Cryptocurrency News Articles
Shiba Inu (SHIB) Burn Rate Spikes 938.7% as Whale Transactions Signal Bullish Momentum
Nov 20, 2024 at 01:36 am
Shiba Inu's SHIB/USD second consecutive day of rising burn rates alongside significant whale transactions spells bullish momentum, according to traders.
Shiba Inu’s (CRYPTO: SHIB) burn rate increased 938.7% in the past 24 hours after burning 3.7 million tokens, according to Shibburn.
Around 20 hours ago, two transactions of 1.5 million and 2 million were recorded.
Shiba Inu pseudonymous lead developer Shytoshi Kusama's recent tweet sparked excitement among the SHIB Army if this is a signal of significant news on the horizon.
On the same day, he also stated that "the force is with us."
Also Read: Will Shiba Inu Coin Reach 1 Cent By 2025? 47% Of Benzinga Readers Say…
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- XRP ETF Potential and Bitcoin ETFs Unprecedented Growth Highlighted in the Thinking Crypto Podcast
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- Aureal One (DLUME) Positioned to be the Next Crypto to Explode
- Nov 20, 2024 at 04:25 am
- Much of the cryptocurrency market is still booming with great projects that promise massive growth. Well-known cryptocurrencies such as Dogecoin and Shiba Inu are getting most of the attention, but some lesser-known currencies are definitely worth your attention.