Winklevoss Twins Criticize Kamala Harris, Shiba Inu's Stagnating Burn Rate, And More: This Week In Crypto
Portfolio Pulse from Benzinga Neuro
This week in crypto saw the Winklevoss twins criticize Kamala Harris for her absence at crypto roundtables, a significant drop in Shiba Inu's burn rate, and political figures like Anthony Scaramucci and Chuck Schumer advocating for sensible crypto regulation. Market sentiment suggests a Trump victory could be bullish for crypto, while a Harris win might be bearish.
August 18, 2024 | 12:00 pm
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Shiba Inu's burn rate dropped by 45% over two days, raising concerns about the coin's near-term upside. However, the launch of ShibHub could provide new engagement opportunities.
The significant drop in Shiba Inu's burn rate is likely to negatively impact its price in the short term as it raises concerns among traders. However, the launch of ShibHub could mitigate some of these concerns by providing new use cases and engagement opportunities.
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