Shiba

Burn

Skyrocketing

Shiba Inu

Mode

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<p dir="ltr">Shiba Inu (SHIB) has maintained resilience, despite uncertainty on the broader market. At the time of writing, the meme coin has seen at least three of its most-watched metrics print positive jumps in hopes of a major rebound. Shiba Inu now serves a crucial role on the market as a litmus test for measuring the performance of other meme coins on the market.</p>
<h2 id="shiba-inu-metrics-to-watch">Shiba Inu metrics to watch</h2>
<p dir="ltr">The Shiba Inu price has made a promising uptick overnight. At the time of writing, the token was changing hands for $0.00001366, up by 3.6% in 24 hours,&nbsp;<a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">per data</a> from CoinMarketCap. This price uptick is a positive glimpse to monitor for a token that has dropped by more than 6% in the past week.</p> <img data-entity-type="file" data-entity-uuid="345017bd-d528-4acc-87f4-c28be3a0b537" src="https://u.today/sites/default/files/inline-images/SHIB_1D_graph_coinmarketcap%20%2825%29.jpeg"><a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">Shiba Inu 1D Chart. Source: CoinMarketCap</a>
<p dir="ltr">Another crucial metric boosting SHIB sentiment is the&nbsp;<a href="https://u.today/shiba-inu-burn-rate-skyrockets-28145-as-shib-price-reacts-surprisingly" rel="noopener noreferrer nofollow">burn rate</a>. While the project's deflationary moves have been below expectations since the launch of the Shibarium Burn portal, data from Shibburn pegs the burn rate at 24.71%, with more than 1.4 million tokens torched. Small as this might be, it signifies a major shift in community commitment toward deflating the token’s supply.</p>
<p dir="ltr">Lastly, there is a gradual rebound in total transactions registered on the Shibarium network. On Sept. 1, the number of transactions&nbsp;<a href="https://www.shibariumscan.io/" rel="noopener noreferrer nofollow">recorded</a> on-chain occurred at approximately 2,190. As of Sept. 2, this figure has doubled to 4,240. This uptick is evidence of returning bullish sentiment overall.</p>
<h2 id="nontechnical-shift">Nontechnical shift</h2>
<p dir="ltr">With core developers, led by Shytoshi Kusama, doing all they can to enhance the Shibarium network and broader Shiba Inu ecosystem, new products are generally amplifying their efforts.</p>
<p dir="ltr">For instance, Agent Shiboshi, a Shiba Inu game, has&nbsp;<a href="https://u.today/major-shiba-inu-shib-game-goes-live-on-appstore-details" rel="noopener noreferrer nofollow">gone live</a> on the App Store for iOS users. The protocol is also shifting toward&nbsp;<a href="https://u.today/shiba-inu-shib-to-launch-dao-governance-as-next-step" rel="noopener noreferrer nofollow">DAO governance</a>, as it seeks to give its community more power through SHIB.</p>

3 Shiba Inu Metrics Skyrocketing as SHIB Enters Rebound Mode

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