'Dogecoin Killer' Shiba Inu Fires Up The Burn Rate To 1,089%: What Is Going On?
Portfolio Pulse from Khyathi Dalal
Shiba Inu's burn rate has surged by over 1,000% in the past 24 hours, leading to a 5.4% increase in its price. Key metrics such as large transaction volumes and active accounts have also spiked, indicating growing interest and activity in the cryptocurrency.
August 20, 2024 | 12:43 pm
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Shiba Inu's burn rate has increased significantly, leading to a 5.4% rise in its price. Key metrics such as transaction volumes and active accounts have also surged, indicating a bullish sentiment.
The significant increase in Shiba Inu's burn rate and the corresponding rise in price suggest a positive short-term impact on SHIB. The surge in large transaction volumes and active accounts further supports a bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100