Shiba Inu Burn Rate Spikes 1,273% In 24 Hours: What Is Going On?

Despite Shiba Inu’s (CRYPTO: SHIB) volatile price movements, investors remain confident in light of token burns and an increasing number of wallet addresses.

Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend
Shiba Inu (CRYPTO: SHIB)  $0.00001537 $9.06 billion +0.6%  -4.4% 
Dogecoin (CRYPTO: DOGE)  $0.2529   $37.4 billion +0.6%  -0.9% 
Pepe (CRYPTO: PEPE)  $0.059392 $3.95 billion +1.5%  -2.4% 

Trader Notes: Crypto trader StrongHedge emphasizes that quarterly charts help filter out lower time frame noise. He marks two critical levels for SHIB: Reclaim $0.0000212 (Year Open) and quarterly close above $0.0000334.

Statistics: Shibburn data shows 14 …

Full story available on Benzinga.com

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