‘Dogecoin Killer’ Shiba Inu Burn Rate Surges 243%: What Is Going On?

Despite a 30% decline over the last 30 days, Shiba Inu (CRYPTO: SHIB) continues to see rising burn rates, prompting traders to focus on its critical support levels.    

Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend
Shiba Inu (CRYPTO: SHIB) $0.00002116  $12.5 billion -2.1% -5.1%
Dogecoin (CRYPTO: DOGE) $0.319 $47 billion -0.5% -0.7%
Pepe (CRYPTO: PEPE) $0.00001958 $8.2 billion +5.6% +7.3%

Trader Notes: Crypto chart analyst Ali Martinez highlighted SHIB’s significant support zone between $0.0000215 and $0.0000193.

A trader responding to the post suggested …

Full story available on Benzinga.com

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