Shiba

Burn

Shiba Inu

Nexo

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inu-community-boosts-coin-burn-rate-to-reduce-supply/" data-wpel-link="internal">Shiba Inu Community Boosts Coin Burn Rate to Reduce Supply</a><br></p>
<p style="text-align: justify"><strong>SHIB</strong> community is actively reducing the circulating supply of <a href="https://en.coin-turk.com/shibariums-troubled-launch-1-8-million-left/" data-wpel-link="internal">Shiba</a> Inu by conducting daily burns and transferring millions of meme coins to inactive cryptocurrency wallets. This development is crucial for the price growth of SHIB, the second-largest meme coin. The ongoing process could position SHIB to potentially surpass its biggest competitor, <a href="https://en.coin-turk.com/dogecoin-doge-price-analysis-key-levels-to-watch/" data-wpel-link="internal">DOGE</a>.</p> 
<h2 style="text-align: justify" id="increased-burn-rate-signals-growth">Increased Burn Rate Signals Growth</h2> 
<p style="text-align: justify">Shibburn reports a significant increase in the daily SHIB burn rate, with a 162.85% rise in the last 24 hours. A total of 16,210,694 <strong>Shiba Inu</strong> coins were burned in nine transactions, directing these meme coins to unusable Blockchain addresses.</p> 
<p style="text-align: justify">In particular, the largest burn transfer included 5,032,618 SHIB, accompanied by two transactions moving just under 3,000,000 SHIB each, and two more transactions moving close to 2,000,000 SHIB.</p> 
<h2 style="text-align: justify" id="shib-price-struggles-for-breakthrough">SHIB Price Struggles for Breakthrough</h2> 
<p style="text-align: justify">In the past 24 hours, SHIB, the second-largest meme coin, experienced a modest increase of 2.40%, attempting a cautious recovery. However, this was followed by a 1.2% decrease, hindering the breakout effort.</p> 
<p style="text-align: justify">Overall, <strong>SHIB</strong> has seen a decline of 4.47% since Thursday and 11.76% since Monday, April 1st. The addition of support by the Nexo cryptocurrency trading platform and the launch of SHIB-based trading pairs could signal an uptick for the meme coin.</p> 
<p style="text-align: justify">Many analysts, including SHIB team members, predict that Shiba Inu’s price will reach an all-time high after <a href="https://en.coin-turk.com/analyst-predicts-final-drop-in-bitcoin/" data-wpel-link="internal">Bitcoin</a>‘s halving at the end of April. Analyst Armando Pantoja forecasts that the <strong>meme coin</strong> SHIB will rise above $0.001 post-halving, alongside bullish predictions for other altcoins like Dogecoin, Cardano, Solana, and XRP.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-338299 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/doge-kripto-para-coin-turk-com-.png" alt="" width="582" height="392"></p> 
<p style="text-align: justify">SHIB’s official marketing leader, Lucie, expresses optimism, predicting that SHIB will reach its all-time high just before or after the halving event.</p> 
<h2 style="text-align: justify" id="shibarium-reaches-new-milestones">Shibarium Reaches New Milestones</h2> 
<p style="text-align: justify">The Shiba Inu-supporting ecosystem, <strong>Shibarium</strong>, is reaching new milestones with Shibariumscan explorer recording a historic peak of 413,195,897 transactions. Additionally, the number of wallets associated with Shibarium has reached 1,394,435.</p> 
<p style="text-align: justify">Although the daily transaction count has increased from 5,500 earlier this week to 11,510, the overall trend remains relatively stable at lower levels.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/shiba-inu-community-boosts-coin-burn-rate-to-reduce-supply/" data-wpel-link="internal">Shiba Inu Community Boosts Coin Burn Rate to Reduce Supply</a></h5>

Shiba Inu Community Boosts Coin Burn Rate to Reduce Supply

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