Shiba Inu Up 6% On 17,197% Burn Rate Explosion, But: 'SHIB is Cheap,' Claims Trader
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) experienced a significant 17,197% increase in its burn rate and a 6% price surge, with a notable transaction of 2 trillion SHIB tokens. Binance introduced new trading pairs for SHIB, and the upcoming Benzinga conference will discuss meme coins' future. SHIB's market cap nears Avalanche's, with a 195% monthly surge and increased whale transactions. Vitalik Buterin acknowledged SHIB's success, and traders anticipate further growth.
March 28, 2024 | 5:09 pm
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Shiba Inu sees a 17,197% burn rate increase and a 6% price surge, with significant whale transactions and a 195% monthly price increase.
The dramatic increase in SHIB's burn rate and the introduction of new trading pairs by Binance, coupled with Vitalik Buterin's positive comments and the anticipation of further growth by traders, suggest a strong short-term bullish outlook for SHIB.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100