'Dogecoin Killer' Shiba Inu Burn Rate Spikes Almost 400%, Marketing Lead Points Out '3x On SHIB' If You Purchased Last Year
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) experiences a 397% burn rate increase and significant growth in Shibarium statistics. Marketing lead Lucie highlights SHIB's price correlation with Bitcoin and its potential for growth with increased adoption. Shibariumscan data shows a 65% increase in active accounts, and IntoTheBlock reports a 17% rise in large transaction volumes. SHIB's price slightly rose by 0.2%.
May 09, 2024 | 6:46 pm
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Shiba Inu sees a 397% burn rate increase, a 65% rise in active Shibarium accounts, and a 17% increase in large transaction volumes, indicating strong growth and adoption potential.
The significant increase in SHIB's burn rate and the growth in Shibarium's active accounts and transaction volumes suggest a positive outlook for SHIB's adoption and price. The marketing lead's comparison of SHIB to Bitcoin and the emphasis on community and adoption further support the potential for SHIB's price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100