'Dogecoin Killer' Shiba Inu's Daily Transactions Surge 3,555%, Burn Rate Spikes To 1,465%
Portfolio Pulse from Khyathi Dalal
'Dogecoin Killer' Shiba Inu (SHIB) has seen a significant increase in daily transactions, with a 3,555% surge, and its burn rate spiked by 1,465%. This indicates a bullish sentiment among investors. Shiba Inu's lead developer, Shytoshi Kusama, expressed enthusiasm for contributing to the Content Delivery Security Association with blockchain technology. Additionally, D3 Global now accepts Shiba Inu and BONE for payments on Shibarium.
April 12, 2024 | 6:56 pm
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Shiba Inu's transaction surge and burn rate spike reflect growing investor interest and potential for increased demand, positively impacting its price.
The significant increase in daily transactions and burn rate for Shiba Inu suggests a bullish investor sentiment, which could lead to increased demand and potentially higher prices for SHIB-USD in the short term.
CONFIDENCE 80
IMPORTANCE 90
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