BITNEWS

Shiba Inu: Burn Rate Spikes 7,686,774%, Will it Delete a Zero?

Shiba Inu’s (SHIB) burn rate has spiked by over 7.6 million percent, burning over 8.3 billion tokens in…

Shiba Inu’s (SHIB) burn rate has spiked by over 7.6 million percent, burning over 8.3 billion tokens in the last 24 hours. One transaction, in particular, removed a majority of the coins, incinerating more than 8.2 billion SHIB. Shiba Inu’s (SHIB) price has surged 12% in the weekly charts and 13.3% over the previous month. However, the token is still down by 0.6% in the last 24 hours. It is unclear if the massive burns pushed SHIB’s price or if it was because of the market rally. Bitcoin (BTC) surpassed the $41,000 mark, propelling other cryptocurrencies. SHIB is getting very close to deleting a zero in its price after the decimal point, which it gained in August this year. Will Shiba Inu delete a zero soon? Shiba Inu (SHIB) has to rally by about 10% to delete the zero it gained in August. SHIB’s price has struggled for most of 2023, gaining only about 12.2% since January 2023. On the other hand, Bitcoin (BTC) has surged by over 150%, and Solana (SOL) has risen by over 500% in the same time frame. Memecoins, in general, took a backseat in 2023. Despite a significant layer-2 network launch earlier this year, SHIB’s price did not rally. According to , SHIB’s price will drop over the next few days. The platform does not anticipate SHIB to delete a zero this year. PricePredictions expects SHIB to drop to $0.00000898 by Dec. 11, 2023, a fall of about 1.2% from current levels. CoinCodex also does not anticipate Shiba Inu (SHIB) to delete a zero this year. The platform predicts SHIB to hit a price of $0.00000907 on Dec. 11, 2023, a 0.2% dip from current levels.

Published by: watcherguru

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