Shiba Inu Burn Rate Spikes 182% After Card-Shaped Cold Wallets Announced
Portfolio Pulse from Mehab Qureshi
Swiss-based crypto wallet company Tangem is developing card-shaped cold wallets specifically for Shiba Inu (CRYPTO: SHIB) meme coin. Pre-orders will be available from May 29. The SHIB Wallet will support over 6,000 cryptocurrencies and various DeFi applications. Following the news, SHIB burn rate spiked by 182%.
May 19, 2023 | 12:53 pm
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POSITIVE IMPACT
Tangem's card-shaped cold wallets for Shiba Inu (CRYPTO: SHIB) meme coin may increase demand for SHIB. Burn rate spiked by 182% after the announcement.
The announcement of Tangem's card-shaped cold wallets specifically designed for Shiba Inu (CRYPTO: SHIB) meme coin may increase demand for SHIB as it provides a secure and convenient way to store and use the cryptocurrency. The burn rate spike of 182% after the announcement indicates a positive market reaction to the news, which may lead to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100