Token

Burn

Summer

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Shiba Inu

<ul> 
 <li>Token burn intensifies ahead of Shibarium launch, sparking price speculation.</li> 
 <li>Shiba Inu’s Layer 2 solution nears completion, promising lower fees and scalability.</li> 
 <li>SHIB price faces dip, but positive indicators and increased token burn fuel optimism.</li> 
</ul> 
<p>Shiba Inu, what began as a meme coin sensation, has experienced a sharp 90% increase in its token burn rate. Thus, it created a stir as the eagerly anticipated Shibarium launch approached. Despite a recent dip, investors remain confident in a potential price rally to $0.00002.</p> 
<p>The <a href="https://cryptonewsland.com/shiba-inus-bullish-surge-breaking-resistance-and-setting-new-records/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu price surge</a> temporarily wavered as it crossed the $0.00001 resistance mark, reaching new August highs at $0.00001136. Although down 3.6% in the last 24 hours, the coin has gained 19% in the past two weeks and 26% in the last 30 days, currently trading at $0.00000988.</p> 
<p>Shibarium Protocol nears <a href="https://cryptonewsland.com/shiba-inu-experiences-bullish-surge-and-record-highs-as-shibarium-launch-nears/" target="_blank" rel="noopener noreferrer nofollow">Shibarium launch</a>, an Ethereum Layer 2 protocol designed to address Shiba Inu’s scalability and transaction cost issues. The hastening completion is heightening anticipation for its possible launch this week.&nbsp;</p> 
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   <p lang="en" dir="ltr">GM <a href="https://twitter.com/hashtag/SHIBARMY?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SHIBARMY</a> Who’s been hitting the replay button on our teaser trailer from last night? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3a5.png" alt="🎥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f501.png" alt="🔁" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Shibarium?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Shibarium</a> <a href="https://t.co/xUzdyAElsS" rel="noopener noreferrer nofollow">https://t.co/xUzdyAElsS</a></p>— Shib (@Shibtoken) <a href="https://twitter.com/Shibtoken/status/1691712693487436172?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 16, 2023</a> 
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<p>Lead developer Shytoshi Kusama confirmed the protocol’s progress and reveals a partnership with Alpha Transform for its next phase. Meanwhile, Shibarium’s integration aims to enable seamless interaction between the <a href="https://www.shibariumtech.com/" target="_blank" rel="noopener noreferrer nofollow">SHIB ecosystem</a> and Ethereum’s Layer 1.&nbsp;</p> 
<p>This capability would significantly reduce transaction fees and congestion issues currently plaguing Ethereum. Therefore, Shibarium’s upcoming launch at the Blockchain Futurist Conference on August 16 could potentially trigger a price surge, although specifics are uncertain.</p> 
<p>Investors, while showing enthusiasm for the Shibarium launch, are also aware of the rally last week that temporarily pushed Shiba Inu above $0.00001. However, the coin retraced to below that level.</p> 
<h3 class="wp-block-heading" id="h-shib-price-surge-incoming">SHIB Price Surge Incoming</h3> 
<p>Despite this retracement, Shiba Inu’s outlook remains positive. With the 50-day Exponential Moving Average (EMA) crossing above the 200-day EMA, a formation of a golden cross pattern on the daily chart is likely imminent.</p> 
<p>The recent surge in token burn rate, amounting to a 94% spike and the burning of 222,200,451 SHIB tokens, has fueled speculation about a potential rally. This token burn initiative aims to reduce supply and enhance value for Shiba Inu enthusiasts.</p> 
<p>As the Shiba Inu community eagerly awaits the Shibarium launch, many are hopeful to see SHIB value reach $0.00002. While market sentiment remains fluid, the upcoming developments in Shiba Inu’s ecosystem are closely watched by the entire crypto community.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/shibariums-impact-on-shiba-inus-future-trading-price-to-burn-5-trillion-shib-tokens-a-month/" rel="noopener noreferrer nofollow">Shibarium’s Impact on Shiba Inu’s Future Trading Price, To Burn 5 Trillion SHIB Tokens a Month</a></li> 
 <li><a href="https://cryptonewsland.com/shibarium-beta-smashes-over-31m-transactions-amid-bones-debut-on-changelly/" rel="noopener noreferrer nofollow">Shibarium Beta Smashes Over 31M Transactions Amid $BONE’s Debut on Changelly</a></li> 
 <li><a href="https://cryptonewsland.com/shibs-triple-win-shibariums-burn-price-rally-and-bitpays-global-adoption/" rel="noopener noreferrer nofollow">SHIB’s Triple Win: Shibarium’s Burn, Price Rally, and BitPay’s Global Adoption</a></li> 
 <li><a href="https://cryptonewsland.com/summer-of-shibarium-present-shibarium-hackathon-grand-prize-5000/" rel="noopener noreferrer nofollow">Summer of Shibarium Present Shibarium Hackathon, Grand Prize $5,000</a></li> 
 <li><a href="https://cryptonewsland.com/billionaire-whales-make-waves-in-shiba-inus-summer-of-shibarium-are-you-in/" rel="noopener noreferrer nofollow">Billionaire Whales Make Waves in Shiba Inu’s Summer of Shibarium: Are You In?</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/shiba-inu-burn-rate-soars-ahead-of-shibarium-launch-ath-soon/">Shiba Inu Burn Rate Soars Ahead of Shibarium Launch, ATH Soon?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Shiba Inu Burn Rate Soars Ahead of Shibarium Launch, ATH Soon?

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