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  4. Shiba Inu (SHIB) Burn Rate Accelerates By 123% Prior To Shibarium Upgrade
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Shiba Inu (SHIB) Burn Rate Accelerates By 123% Prior To Shibarium Upgrade

As Shiba Inu (SHIB) is still trying to escape the relentless bears, a switch in the direction of the market price might come faster with the SHIB Army burning millions of...
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Shiba Inu (SHIB) Burn Rate Accelerates By 123% Prior To Shibarium Upgrade Shiba Inu (SHIB) Burn Rate Accelerates By 123% Prior To Shibarium Upgrade

As Shiba Inu (SHIB) is still trying to escape the relentless bears, a switch in the direction of the market price might come faster with the SHIB Army burning millions of SHIB tokens by the hour. According to Shibburn, the burn rate of the popular memecoin has spiked by 123%, sending a gigantic amount of $127M Shiba Inu (SHIB) tokens aflame in the last 24 hours. On top of that, one user sent over $15M of $SHIB tokens to a dead wallet in a single transaction.

This comes just weeks after Vitalik Buterin, the co-founder of Ethereum (ETH) announced that the date for the highly anticipated ‘The Merge’ is September 15th, 2022. The hype surrounding the switch to Proof of Stake ignited the altcoin race a few weeks ago. However, the community behind Shiba Inu (SHIB) is waiting for their own update, the Shibarium.

What to Expect from Shibarium?

Shibarium is a crucial upgrade to the Shiba Inu (SHIB) ecosystem. The layer-2 solution will help reduce fees even further. Moreover, the Shibarium update unites all governance tokens of the Shiba Inu (SHIB) ecosystem – $SHIB, $BONE, $LEASH, $TREAT, Shiboshis, and the upcoming stablecoin $SHI.

While the stablecoin is still in the works, the relatively new $BONE governance token has already enjoyed the spotlight with 135% gains. In addition, the SHIB Army is actively voting on $BONE to be listed on several crypto exchanges. At the minute, only one Estonian exchange listed all three ($SHIB, $BONE & $LEASH). With the demand growing, it’s very likely that some of the most popular crypto platforms are going to list the Shibarium-related tokens in the near future.

Shiba Inu (SHIB) Price Still in Dire Straits

The top dog-themed memecoin took a hit along with most of the other cryptos in the TOP 20 by market capitalization. At press time, Shiba Inu (SHIB) trades at $0.00001313, according to CoinGecko. Frowning upon a 14.4% weekly deficit, Shiba Inu (SHIB) is accumulating strength for a walk in the green woods again, with a slight 2.1% profit in the last 24 hours.

On the Flipside

  • Shiba Inu (SHIB) and rival dog-themed coin Dogecoin (DOGE) price was drastically cut last week by a massive sell-off. Despite Ethereum (ETH) whales dumping both memecoins for a few days, Shiba Inu (SHIB) became the top coin by largest whale activity.

Why You Should Care

Learn more about Shibarium and $TREAT, fourth coin in Shiba Inu’s (SHIB) Ecosystem

Continue reading on DailyCoin

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

GBP/USD

1.2475

-0.0015 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

Sell (3)

USD/CAD

1.3780

+0.0003 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/JPY

168.32

+0.10 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

0.9808

+0.0001 (+0.01%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (2)

Gold Futures

2,295.80

-7.10 (-0.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Silver Futures

26.677

+0.023 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

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Sell (9)

Copper Futures

4.5305

-0.0105 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

Crude Oil WTI Futures

81.14

-0.79 (-0.96%)

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↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

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Sell (7)

Brent Oil Futures

85.62

-0.71 (-0.82%)

Summary

↑ Sell

Moving Avg:

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Indicators:

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Natural Gas Futures

1.946

-0.009 (-0.46%)

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Indicators:

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US Coffee C Futures

213.73

-13.77 (-6.05%)

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↑ Sell

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Buy (3)

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Indicators:

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Euro Stoxx 50

4,920.55

-60.54 (-1.22%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

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S&P 500

5,035.69

-80.48 (-1.57%)

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↑ Sell

Moving Avg:

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Sell (12)

Indicators:

Buy (0)

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DAX

17,921.95

-196.37 (-1.08%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

FTSE 100

8,144.13

-2.90 (-0.04%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (4)

Hang Seng

17,763.03

+16.12 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

US Small Cap 2000

1,973.05

-42.98 (-2.13%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

IBEX 35

10,854.40

-246.40 (-2.22%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (3)

BASF SE NA O.N.

49.155

+0.100 (+0.20%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Bayer AG NA

27.35

-0.24 (-0.87%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

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Sell (8)

Allianz SE VNA O.N.

266.60

+0.30 (+0.11%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (5)

Adidas AG

226.40

-5.90 (-2.54%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (7)

Deutsche Lufthansa AG

6.714

-0.028 (-0.42%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

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Siemens AG Class N

175.90

-1.74 (-0.98%)

Summary

↑ Sell

Moving Avg:

Buy (0)

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Indicators:

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Deutsche Bank AG

15.010

-0.094 (-0.62%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (6)

Sell (2)

 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
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RON 95-V25.44025.940
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