Bone

Doge Killer

Bone ShibaSwap

Shiba Inu

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
It has been a very eclectic week for the digital currency ecosystem, with volatility unsettling most digital currencies, including popular meme coin Shiba Inu (SHIB). Shiba Inu has seen a gradual but steady offset in terms of its <a href="https://www.shibburn.com/" rel="noopener noreferrer nofollow">burn rate</a> as a total of 26,706,224 SHIB are currently sent to dead wallets at the time of writing to complement the millions that have been burnt thus far this week. 
The impact of the <a href="https://u.today/shib-burn-rate-rises-as-shiba-inu-smashes-this-big-all-time-high-details" rel="noopener noreferrer nofollow">massive burning</a> has been reflected in the price upsurge of Shiba Inu in one of the rare expressions of impact in a long time. At the time of writing, Shiba Inu is changing hands at a price of $0.000008416, up by 0.28% in the past 24 hours and by more than 7% in the trailing seven-day period. 
<img alt="Shiba Inu Chart" data-entity-type="file" data-entity-uuid="1479b69f-fac0-49b0-8435-bcc22e002cd0" src="https://u.today/sites/default/files/inline-images/SHIB_1D_graph_coinmarketcap%20%284%29.jpeg">Shiba Inu Price Chart. Source: <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
Per the SHIB price outlook, the positivity fueling the price growth notably has more of an undertone than just the effect of the tokens being burnt. Shibarium is coming to the mainnet this month, and community members <a href="https://u.today/shiba-inu-shib-hits-major-record-again-shibarium-sentiment-at-play" rel="noopener noreferrer nofollow">appear ecstatic</a> that the hype will likely result in pushing the price of SHIB to new highs in both the short and long term. 
Shibarium is billed to be launched at the Blockchain Futurist Conference and is expected to mark a significant milestone that will usher in a new era for the meme coin ecosystem. 
<h2 id="shiba-inu-token-jumps-in-tandem">Shiba Inu token jumps in tandem</h2> 
While Shiba Inu has been on a steady uptrend all week long, other tokens in the meme coin's ecosystem are also recording impressive growth milestones across the board. 
Bone ShibaSwap (BONE), for instance, has <a href="https://u.today/bone-up-nearly-13-here-are-main-reasons-for-growth" rel="noopener noreferrer nofollow">maintained</a> more consecutive positive days this week and is currently changing hands for $1.63, up by more than 24% in the week-to-date (WTD) period. In addition, Doge Killer (LEASH) has managed to print 16.49% growth in the trailing seven-day period to peg its price at $482.16.

Millions of Shiba Inu Burnt This Week, Price Reacts

Table of Contents

U_Today

Другие статьи, опубликованные 4 авг. 2023 г.

With Bitcoin Boomerang, MicroStrategy Stunning Rise Back to Profitability!

Coinbase Seeks Dismissal of SEC Lawsuit, Is XRP-Like Win in View?

REAL HARDWARE EMPOWERING OUR NFTS

Bitcoin (BTC) Volatility Drops to Historic Low, Turbulence Coming?

Community Asks: What Gameplays in Cryptopia Can You Play?

Shiba Inu: Investor Who Made $5 Billion in SHIB Lost Access to Wallet?

Join our free newsletter for daily crypto updates!