Bitcoin

Shiba Inu

<p><strong>The meme coin sector has bounced back from recent market losses. On August 6, Shiba Inu (SHIB) saw a 20% increase, along with a significant rise in transaction volume and burn rate.</strong></p><h3 id="a-href-https-playaigames-online-pre-sale-rel-noopener-noreferrer-nofollow-30x-profit-expected-from-aig-token-ai-games-has-launched-its-native-token-aig-1-aig-token-price-is-0-01-exchange-lisiting-price-0-30-don-t-miss-this-opportunity-join-the-pre-sale-at-the-official-website-playaigames-online-a"><a href="https://playaigames.online/pre-sale/" rel="noopener noreferrer nofollow">30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 &amp; Exchange Lisiting Price $0.30, Don’t miss this opportunity;  join the pre-sale at the official website [ PlayAiGames.Online ]</a></h3><p>Overall, the meme coin market recovered, with its total value climbing above $40 billion, thanks to notable gains from Dogecoin, Pepe, and Bonk Inu.</p><h3 id="shiba-inu-rebounds-with-strong-indicators-after-market-crash">Shiba Inu Rebounds with Strong Indicators After Market Crash</h3><p>Shiba Inu was one of the top-performing cryptocurrencies on August 6 and continues to perform well today, recovering approximately 20% from the recent low, according to CoinGecko. The current price is around $0.00001359, although it still represents an 18% decline over the past week.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/f8d0b33adfe449e9b6224b5b8168eb6a.webp" /></p><p>SHIB Price, Source: CoinGecko</p><p>This rebound aligns with the resurgence of key indicators within Shiba Inu’s ecosystem. Data from IntoTheBlock reveals a nearly 500% surge in SHIB’s daily transaction volume exceeding $100K, reaching nearly $120 million. Additionally, the burn rate has skyrocketed by 1,244% over the past 36 hours, resulting in over 2.7 million tokens being destroyed.</p><h3 id="a-href-https-playaigames-online-pre-sale-rel-noopener-noreferrer-nofollow-30x-profit-expected-from-aig-token-ai-games-has-launched-its-native-token-aig-1-aig-token-price-is-0-01-exchange-lisiting-price-0-30-don-t-miss-this-opportunity-join-the-pre-sale-at-the-official-website-playaigames-online-a"><a href="https://playaigames.online/pre-sale/" rel="noopener noreferrer nofollow">30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 &amp; Exchange Lisiting Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website [ PlayAiGames.Online ]</a></h3><p>While the USD value of the burned tokens is relatively small, ongoing burning efforts could positively influence SHIB’s price. The goal of reducing the circulating supply, combined with a potential rise in demand, may lead to a price rally based on economic principles.</p><p>In July, the SHIB team burned almost 380 million tokens across 178 transactions. Data shows that about 41% of the total supply, nearly 411 trillion coins, has already been sent to a null address.</p><h3 id="meme-coin-sector-rebounds-with-significant-gains">Meme Coin Sector Rebounds with Significant Gains</h3><h3 id="a-href-https-playaigames-online-pre-sale-rel-noopener-noreferrer-nofollow-30x-profit-expected-from-aig-token-ai-games-has-launched-its-native-token-aig-1-aig-token-price-is-0-01-exchange-lisiting-price-0-30-don-t-miss-this-opportunity-join-the-pre-sale-at-the-official-website-playaigames-online-a"><a href="https://playaigames.online/pre-sale/" rel="noopener noreferrer nofollow">30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 &amp; Exchange Lisiting Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website [ PlayAiGames.Online ]</a></h3><p>Shiba Inu is not alone in its recovery; the entire meme coin sector has seen a notable rebound. The market capitalization for meme coins has surged above $40 billion, bouncing back from a recent low of around $33 billion registered on Monday.</p><p>Dogecoin (DOGE), the largest meme coin, gained 10% on Tuesday. Other notable performers include Pepe (PEPE), which rose by 17%, and Bonk Inu (BONK), the largest Solana-based meme coin, which climbed by 14%.</p><p>The standout performers in the sector were BRETT (up 32%), MEW (up 35%), POPCAT (up 38%), and NEIRO (up 50%). NEIRO has shown an impressive weekly increase of 280%, despite being recently involved in an insider trading scandal. Its market capitalization has exceeded $200 million, making it the 18th-largest meme coin.</p><h3 id="a-href-https-playaigames-online-pre-sale-rel-noopener-noreferrer-nofollow-30x-profit-expected-from-aig-token-ai-games-has-launched-its-native-token-aig-1-aig-token-price-is-0-01-exchange-lisiting-price-0-30-don-t-miss-this-opportunity-join-the-pre-sale-at-the-official-website-playaigames-online-a"><a href="https://playaigames.online/pre-sale/" rel="noopener noreferrer nofollow">30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 &amp; Exchange Lisiting Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website [ PlayAiGames.Online ]</a></h3><p><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</p><p><strong>#SHIB </strong> <strong>#ShibaInu </strong> <strong>#Memecoins </strong> <strong>#EthereumETF </strong> <strong>#DonaldTrump </strong> $SHIB  $BTC  $ETH</p>

Shiba Inu Indicators Surge as SHIB Price Jumps 20%

Table of Contents

CryptosHeadlines.com

Other articles published on Aug 7, 2024

Why I Believe Bitcoin's Fundamentals Outweigh Current Technical Weakness

London-Based Capula Investment Reveals $464M in Bitcoin ETFs

Mark Cuban Joins Crypto Democrats To Attend Crypto4Harris Town Hall

New Ripple-DIFC Partnership Aims to Boost Blockchain in the UAE

Trump Confirms Interview With Elon Musk Next Tuesday!

Brendan Blumer: From Gaming Teen to Blockchain Pioneer

Join our free newsletter for daily crypto updates!