Shiba

Burn

2024

Shiba Inu

Inu.

<p>The post <a href="https://coinpedia.org/news/shiba-inu-coin-heres-why-shiba-inu-price-is-surging-today/">Shiba Inu Coin: Here’s Why Shiba Inu Price Is Surging Today</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The <a href="https://markets.coinpedia.org/shiba-inu/">Shiba Inu</a> cryptocurrency (SHIB) has experienced a notable 10.4% surge in its price over the past 24 hours, bringing it close to $0.000026. This rise has caught the attention of analysts and traders alike, sparking discussions about its underlying causes.</p> 
<p>However, some attribute this jump mainly due to SHIB’s burn rate increasing by 1000% and positive market sentiment following Bitcoin’s price recovery. While others speculate that this price surge may be influenced by different reasons.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-shiba-inu-burn-rate-surge-high">Shiba Inu Burn Rate Surge High</h2> 
<p>Shiba Inu, known as an OG crypto meme token for many reasons is showing a sign of a bullish rally ahead. Meanwhile, the recent surge in SHIB’s burn rate has <a href="https://www.shibburn.com/" target="_blank" rel="noreferrer noopener">witnessed 1009%</a> in the last 24 hours, destroying 29.11 million SHIB tokens.</p> 
<p>This reduction in supply boosted SHIB’s price above critical resistance, now standing firm above $0.000026. Despite significant selling (211 billion coins in a day), Shiba Inu shows resilience, maintaining an upward trajectory.</p> 
<p>Meanwhile, On-chain data indicates reduced selling pressure, with SHIB liquidations <a href="https://coinalyze.net/shiba-inu/liquidations/" target="_blank" rel="noreferrer noopener">totaling $541.39K</a>. Additionally, coinglass <a href="https://www.coinglass.com/currencies/SHIB" rel="nofollow">reports suggest that</a> the open interest for Shiba Inu has risen by 17.73%, reaching $69.06 million, reflecting growing investor interest in Shiba Inu.</p> 
<h2 class="wp-block-heading" id="h-paypal-s-collaboration">PayPal’s Collaboration</h2> 
<p>Adding to the positive sentiment, a recent collaboration with <a href="https://coinpedia.org/news/here-is-why-the-crypto-market-is-up-today/" target="_blank" rel="noreferrer noopener">PayPal’s MoonPay has enabled </a>U.S. users to purchase SHIB tokens directly through PayPal’s crypto payment processor. This integration has contributed to increased accessibility and adoption of the meme coin.</p> 
<h2 class="wp-block-heading" id="h-kraken-listing-shiba-inu">Kraken Listing Shiba Inu</h2> 
<p>Furthermore, Kraken Pro, a prominent U.S.-based exchange, has announced a new development: the addition of Shiba Inu (SHIB) to its margin trading pairs.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4e3.png" alt="📣" class="wp-smiley" style="height: 1em; max-height: 1em;"> New margin pairs now available for:<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24ICP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ICP</a> <a href="https://twitter.com/dfinity?ref_src=twsrc%5Etfw">@dfinity</a> <br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> <a href="https://twitter.com/pepecoineth?ref_src=twsrc%5Etfw">@pepecoineth</a> <br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> <a href="https://twitter.com/Shibtoken?ref_src=twsrc%5Etfw">@Shibtoken</a> <br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a> <a href="https://twitter.com/dogwifcoin?ref_src=twsrc%5Etfw">@dogwifcoin</a> <br><br>Gain exposure to these tokens and 120+ margin pairs on Kraken<br><br>*Geographic restrictions apply<br><br>Trade now <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/wYKejnxiyV">https://t.co/wYKejnxiyV</a> <a href="https://t.co/uXH2PyM0YL">pic.twitter.com/uXH2PyM0YL</a></p>— Kraken Pro (@krakenpro) <a href="https://twitter.com/krakenpro/status/1786069017100276069?ref_src=twsrc%5Etfw">May 2, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Traders on Kraken Pro can now leverage SHIB against the U.S. dollar with a maximum leverage of three. The platform has set a cap of 1.5 billion SHIB for both long and short positions, catering to the growing demand for meme-inspired cryptocurrencies like SHIB in the market.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-shiba-inu-price-analysis">Shiba Inu Price Analysis</h2> 
<p>As of now, Shiba Inu is trading at $0.000026, reflecting a 10% increase in the last 24 hours. The surge in trading volume has also risen by 32%, reaching $850 million, with a market cap of $15 billion.</p> 
<p>Looking ahead, analysts predict a significant price surge for Shiba Inu, projecting a 226.71% increase to reach $0.00007193 by June 1, 2024. This forecast highlights growing market optimism and potential future gains for SHIB investors.</p> 
<p>Also Check Out: <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/">Shiba Inu Price Prediction 2024 – 2025: Will SHIB Price Reach $0.1 With A New Bull Run?</a></p>

Shiba Inu Coin: Here’s Why Shiba Inu Price Is Surging Today

Obsah

CoinPedia News

Ďalšie články zverejnené 4. 5. 2024

Prime Minister Anwar Ibrahim to Start First AI Faculty in Malaysia

Why is the Bitcoin (BTC) Price Surging? Here’s Why and a Renowned CEO’s Comment

Ethena Price Prediction 2024-2030: Will ENA Price Cross $10?

Top 3 Entry-Point Crypto Coins Right Now: BLP, Polygon, and Pepe

Rising Memecoin Craze: Eyeing the Peak! Unveiling the Potential of Cryptocurrency (Coin Symbol)

Bitcoin (BTC) Resurges: Whales Trigger Market Rebound with $2.8 Billion Investment

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!