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 <p>As per the data from Shibburn, the accelerated rate for <a rel="noopener noreferrer nofollow" title="SHIB" href="https://thebittimes.com/tag/shib.html">SHIB</a> token burn has jumped by 15% over the last 24 hours. Crypto burning refers to the process of removing some portion of supply permanently from circulation. This creates a scarcity effect thereby driving the crypto value higher.</p>  
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 <p>Also, the developer activity has significantly contributed to driving the <a rel="noopener noreferrer nofollow" title="SHIB" href="https://thebittimes.com/tag/shib.html">SHIB</a> price higher. Over the past month since July 1, the <a rel="noopener noreferrer nofollow" title="SHIB" href="https://thebittimes.com/tag/shib.html">SHIB</a> price has surged more than 25% so far.</p> 
 <p>Also, with the Shibarium launch nearing, the trading activity on the Shiba Inu blockchain is likely to spike further. Thus, investors can see more price activity in Shioba Inu, going ahead.</p> 
 <h3 id="binance-increases-otc-trading-limits-for-shiba-inu">Binance Increases OTC Trading Limits for Shiba Inu</h3>  
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 <p>One more reason that’s supporting the Shiba Inu price rally is the crypto exchange Binance increasing the OTC trading limit for <a rel="noopener noreferrer nofollow" title="SHIB" href="https://thebittimes.com/tag/shib.html">SHIB</a>. With Binance being the largest crypto exchange in the world, it will significantly spurt the trading volume for <a rel="noopener noreferrer nofollow" title="SHIB" href="https://thebittimes.com/tag/shib.html">SHIB</a>. The new OTC-trading limit for Shhiba Inu on Binance is $30,000.</p>  
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 <p>Over-the-counter (OTC) trading is a form of cryptocurrency trading that enables direct negotiation between buyers and sellers for the sale of a specific quantity of assets at a set price. OTC trading is designed to mitigate market disturbances and minimize price fluctuations.</p> 
 <p>This positive advancement for users of Shiba Inu and XRP introduces new trading pairs, such as <a rel="noopener noreferrer nofollow" title="SHIB" href="https://thebittimes.com/tag/shib.html">SHIB</a>/USDT, <a rel="noopener noreferrer nofollow" title="SHIB" href="https://thebittimes.com/tag/shib.html">SHIB</a>/USDC, XRP/BTC, XRP/USDT, and XRP/USDC.</p> 
 <p>Thanks to the enhanced limits, traders on the BinanceUS OTC portal can now execute buy and sell orders for these supported <a rel="noopener noreferrer nofollow" title="SHIB" href="https://thebittimes.com/tag/shib.html">SHIB</a> trading pairs, with a maximum value of $30,000. As of press time, <a rel="noopener noreferrer nofollow" title="SHIB" href="https://thebittimes.com/tag/shib.html">SHIB</a> is trading at $0.00001008 with a market cap of $5.94 billion.</p> 
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Shiba Inu (SHIB) Price Rallies With Binance Increasing OTC Limit

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