$SHIB is not showing expected performance on the market as burn rate remains stagnant
. Historically, during volatile market periods, the burn rate of Shiba Inu has seen significant spikes. However, this time around, the burn rate has experienced an 85% reduction, which is a deviation from the norm.burn rate has been a point of interest for many investors, as it can impact the token's value in the long run. While the reduction in the burn rate might seem concerning, it is worth noting that the total amount of burned tokens remains at 250 million SHIB.
During the market turmoil, the cryptocurrency lost 10% of its value, and it is expected to continue going down due to fundamental pressures. It is important to note that Shiba Inu is not the only cryptocurrency experiencing a decline in value. The market is currently going through a significant correction, fueled by a series of negative events.While the burn rate reduction might be concerning, it is important to keep in mind that it is not the only factor that affects Shiba Inu's price.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shiba Inu (SHIB) Burn Rate up 26,000%, Price Revival ResumesShiba Inu burn rate has shown how healthy protocol inherently is
Read more »
SHIB Burn Rate up Whopping 27,954%, Billions of Shiba Inu Go up in FlamesSeveral billion Shiba Inu removed from circulation, pushing burn rate to staggering high
Read more »
Shiba Inu (SHIB) Now Accepted by Top Latin America Travel Agency via This PartnershipShiba Inu: Top latin America travel agency teams up with SHIB for payments $SHIB ShibArmy SHIBCommunity
Read more »
All SHIB Stolen by Fake Shytoshi Kusama Scam Wallet from Prominent Shiba Inu Holder: DetailsShibaInu VIP Social Network creators have had all their $SHIB stolen by scam Shibarium site. theshibdream ShytoshiKusama
Read more »
Shiba Inu (SHIB) Offshoot Shikoku Listed by Major ExchangePoloniex, popular cryptocurrency exchange, has announced addition of Shikoku (SHIK), new meme-inspired cryptocurrency, to its platform
Read more »
Shiba Inu (SHIB) Becomes New Payment Option for Unstoppable DomainsUnstoppable Domains has now made it possible for users to buy domain names using SHIB, the cryptocurrency that has become increasingly popular since its launch in 2020
Read more »