| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107321.5800000000 |
| ETH | $2429.0710000000 |
| BNB | $647.5094800000 |
| XRP | $2.1849620000 |
| ADA | $0.5644573000 |
| SOL | $150.2602000000 |
| DOGE | $N/A |
| DOT | $3.3946900000 |
| LTC | $86.0116000000 |
| LINK | $13.3516800000 |
Category: CRYPTO NEWS
The post A Billion SHIB Burned: Shiba Inu About To Rip appeared on BitcoinEthereumNews.com. Market sentiment has turned in favor of Shiba Inu following a more than 60,000% increase in the meme coin’s burn rate. A surge in burn rate is seen as positive by Shiba Inu investors as it reduces the total supply, boosting demand and ultimately the price of the remaining tokens in circulation. Additionally, it signals devs’ commitment to increasing the meme coin price that tends to boost confidence and attract more investments. SHIB is up 1.87% overnight. Source: Brave New Coin SHIB Chart So, the SHIB price may have declined some 20% over the past couple of weeks – but there’s reason to see the dip as a buying opportunity as this meme coin could jump right back up moving forward. ShibOS could be a major long-term tailwind for Shiba Inu The total supply of Shiba Inu has declined by more than 1.0 billion over the past 24 hours, creating a more favorable supply-demand dynamic to attract new investors. Source: Shibburn Plus, there have been other developments recently that bode well for meme coin’s future. For example, the Shiba Inu community launched the ShibOS last week. It’s an innovative operating system aimed at bridging the gap between Web2 and Web3 with interoperability and gasless transactions. ShibOS enables easier creation and management of NFT collections and decentralized autonomous organizations (DAOs). The launch of the SHIB operating system is meaningful for the underlying meme coin as it improves the functionality and utility of the overall ecosystem, making it more appealing for both users and developers. This increased utility could ultimately drive demand and help lift the price of Shiba Inu in 2025. Fed’s rate cut pause failed to trigger a sell-off in SHIB Shiba Inu looks exciting for an investment at its current levels because the macro trends seem to be pointing…
2025-02-01T03:41:09+00:00