Shiba Inu (SHIB) faces a challenging week as its burn rate slows, Shibarium's testnet scanner encounters mysterious downtime, and traders anticipate a price decline.
This decrease in burn rate, which amounted to 39.7%, indicated a slowdown in the frequency and volume of SHIB tokens being destroyed in recent days.tokens have been burned within 24 hours. The 24-hour burn rate also observed a decline of over 22%. While it is normal for the burn rate to decrease over time, this particular decline could be partly attributed to various reasons.
This unexpected occurrence has piqued curiosity among observers.appear to be ongoing, with the addition of new blocks, the inaccessibility of the scanner has raised some concerns and questions.As of this writing, SHIB experienced a minor increase of less than 1% in its daily trading value. This uptick marked only the second positive movement in the past seven days, as a decline in value had characterized the overall trend.
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 in liquidity squeeze – end of the road for SHIB?As a tier-1 memecoin, Shiba Inu has struggled with attracting the kind of liquidity it had in 2021. The path ahead is limited for SHIB, so where can it head next?
Read more »
Litecoin traders can expect this as LTC flips $93Litecoin [LTC] has been on an uptrend over the past 14 days, and the breakout past the $85 and $93 resistance levels was a vital win for bulls.
Read more »
Bitcoin hints at a “bull trap”, here’s what it means for tradersThe higher timeframe charts of Bitcoin exhibited bearish momentum in recent weeks, and the failure to break above $28k last week meant the bears remained in control.
Read more »
All you need to know about Litecoin’s latest movesLTC has begun showing similar signs of previous pre-halving cycles. However, traders differed in the short-term expectations.
Read more »
Musk is in trouble again, but DOGE manages to steer clearA recent lawsuit filed against Elon Musk claimed that the Tesla CEO has manipulated the price of DOGE on multiple instances that caused traders losses. However, DOGE remained unbothered and traded in the green despite all the ongoing drama.
Read more »
Polkadot tests the $5 territory as support once again as…Polkadot faced rejection at the lower timeframe resistance at $5.5, and neared the $5 support yet again.
Read more »