Swiftie Lift For Shiba Inu? SHIB Burn Rate Rockets 270% As 'Eras Tour' Accepts Meme Crypto Alongside Bitcoin, Ethereum, Dogecoin Payments
Portfolio Pulse from Mehab Qureshi
The burn rate of Shiba Inu (SHIB) has surged over 270% in the past 24 hours, with 48 million SHIB tokens burnt and removed from circulation. The number of SHIB addresses profiting from holding SHIB tokens has risen from 7% to 9%. In addition, tickets for the film “Taylor Swift: The Eras Tour” can now be purchased using SHIB, Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) due to a partnership between BitPay and AMC. SHIB's price has surpassed the crucial support level at $0.0000070.
October 16, 2023 | 6:17 am
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Bitcoin can now be used to purchase tickets for Taylor Swift's tour. This could potentially increase the demand and price of Bitcoin.
The acceptance of Bitcoin as a payment method for popular events like Taylor Swift's tour could increase its demand and subsequently its price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Dogecoin can now be used to purchase tickets for Taylor Swift's tour. This could potentially increase the demand and price of Dogecoin.
The acceptance of Dogecoin as a payment method for popular events like Taylor Swift's tour could increase its demand and subsequently its price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Ethereum can now be used to purchase tickets for Taylor Swift's tour. This could potentially increase the demand and price of Ethereum.
The acceptance of Ethereum as a payment method for popular events like Taylor Swift's tour could increase its demand and subsequently its price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Shiba Inu's burn rate has surged and it can now be used to purchase tickets for Taylor Swift's tour. This could potentially increase the demand and price of Shiba Inu.
The surge in Shiba Inu's burn rate and its acceptance as a payment method for popular events like Taylor Swift's tour could increase its demand and subsequently its price.
CONFIDENCE 80
IMPORTANCE 100
RELEVANCE 100