Shiba Inu

<ul><li>SHIB sees the surge as $1.7B worth of tokens burned to limit supply.</li><li>Consistent SHIB price movements suggest it’s no longer a meme currency.</li><li>The golden cross signal on the SHIB/USD chart provides a bullish buy signal.</li></ul>Over the last day, an incredible $1,695,572,371 ($17,000) of <a href="https://thenewscrypto.com/tag/shiba-inu/" rel="noopener noreferrer nofollow">SHIB has been burned</a> to limit the circulating supply and boost its value. This action reduced the circulating supply of SHIB significantly, causing its value to skyrocket.As a consequence of this move, <a href="https://thenewscrypto.com/shiba-inu-shib-witnessed-a-surge-with-impressive-gains/" rel="noopener noreferrer nofollow">bulls have dominated the SHIB market</a> over the past 24 hours. Boosting prices from an intra-day low of $0.000009848 to a 24-hour high of $0.00001003. Bull power was still in effect at press time, causing a 1.10% surge to $0.00001001.Although approximately $3,978,227,706 tokens have been burnt in the previous seven days. The SHIB price has been reasonably constant, fluctuating between a 7-day high and low of $0.00001036 and $0.000009809, respectively. This consistency shows that SHIB is no longer a meme currency but is following more significant crypto market movements.During the bull run, market capitalization and 24-hour trading volume increased by 1.06% and 57.12%, respectively, to $5,897,207,439 and $136,225,915. The token burning, which was well-received by investors who perceived it as a commitment from the team to raise the value of their investment, is to blame for this spike.<h3 id="shib-usd-technical-analysis">SHIB/USD Technical Analysis</h3>The 5-day moving average has crossed over the 100-day moving average from below on the SHIBUSD 1-hour price chart, providing a golden cross signal. The 5-day and 100-day moving averages touch $0.00001001 and $0.00000998, respectively, to indicate this bullish signal.Continue reading <a href="https://thenewscrypto.com/shib-news-shiba-inus-never-ending-trends-will-it-boost-bull-rally/" rel="noopener noreferrer nofollow">&#64;TheNewsCrypto</a>

Shiba Inu’s Never-Ending Trends, Will it Boost Bull Rally?

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