• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Saturday, June 3, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Are Shiba Inu burns reflecting on its price?

August 17, 2022
in Altcoins
Reading Time: 4 mins read
A A
Are Shiba Inu burns reflecting on its price?
ShareShareShareShareShare

The Shiba Inu [SHIB] network has been at the top of its game over the last couple of months. Despite the increased interest in Bitcoin [BTC], meme coins found their way into the popular table. Unlike other assets, the enthusiasm around SHIB did not die. The Shib Army has repeatedly emphasized their loyalty to the network, and community burns have been a prominent display of the same.

Several members of the Shib Army were seen burning the meme coin. Shib Super Store recently joined the list and eliminated a significant portion of SHIB tokens. Formulated by Travis Johnson, a game developer, the platform has been sharing data about Shib burns, and Johnson’s firm has been employing Amazon profits to burn Shiba Inu.

Related articles

Litecoin Price Prediction: June 2023

Litecoin Price Prediction: June 2023

June 2, 2023
Russia’s Rosbank starts offering cross-border crypto payments despite nationwide ban

Russia’s Rosbank starts offering cross-border crypto payments despite nationwide ban

June 2, 2023

Elaborating on its recent developments, the SHIB Super Store tweeted,

August 15th numbers are in!

We are staying consistent on Bricks Buster, another $61 day. Amazon is remaining strong having a $14 day yesterday.

Total as of the 15th was $1351, we are on track to beat July numbers by about 30%, which would mark our first uptrend since February! pic.twitter.com/wHDm2Q8YKf

— SHIB Super Store (@shib_superstore) August 16, 2022

As seen in the chart Brick Buster acquired the top spot. It should be noted that this is a mobile game.

It seems like this notion wasn’t carried forward. Earlier today, Shibburn revealed that the burn rate had plummeted by 82.31 percent. Just last week, over 200 million Shib tokens were burned daily.

Are these burns reflecting on Shib’s price?

Shiba Inu moves sideways

Over the last couple of days, meme coins have emerged as the stars of the crypto market. Shiba Inu pocketed significant gains over the last couple of days. This trend, however, was disrupted as the asset began moving sideways instead.

The above chart shows that Shib was eyeing immediate support at $0.00001570. However, if it fails to garner support, it might endure a 4 percent drop at $0.00001546. It should be noted that while Shib tries to form prominent support, the volume has been relatively low.

During press time, SHIB traded at $0.00001611 with a 1.36 percent daily surge. Additionally, the asset had increased nearly 30 percent over the last few days.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Lucky Blocks Price Analysis: LBLOCK Regains Bullishness

Next Post

Study shows there may be wider crypto insider trading at Coinbase

Related Posts

Litecoin Price Prediction: June 2023

Litecoin Price Prediction: June 2023

June 2, 2023

Litecoin (LTC) is a digital asset that is designed to enable the instant peer-to-peer exchange of value at affordable rates. It was...

Russia’s Rosbank starts offering cross-border crypto payments despite nationwide ban

Russia’s Rosbank starts offering cross-border crypto payments despite nationwide ban

June 2, 2023

Rosbank, one of the Russian Federation’s most important financial institutions, is set to become the first major bank to offer...

Cleanspark fiscal year revenue crosses $100M amid expansion plans

Cleanspark fiscal year revenue crosses $100M amid expansion plans

June 2, 2023

Bitcoin (BTC) miner CleanSpark’s fiscal year-to-date revenue crossed $100 million in May as its BTC production exceeded expectations, according to...

Shiba Inu Whales Acquire 100 Billion SHIB in a Matter of Days

Shiba Inu Whales Acquire 100 Billion SHIB in a Matter of Days

June 2, 2023

In what is a very interesting development for the meme coin, Shiba Inu whales have acquired 100 billion SHIB in...

Taurus links up with Polygon to tokenize real-world assets for TradFi

Taurus links up with Polygon to tokenize real-world assets for TradFi

June 2, 2023

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connected to AlphaWelcome!...

Load More
Next Post
Study shows there may be wider crypto insider trading at Coinbase

Study shows there may be wider crypto insider trading at Coinbase

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Crypto retail trading should be regulated as gambling: UK lawmakers – Cointelegraph

Crypto retail trading should be regulated as gambling: UK lawmakers – Cointelegraph

May 17, 2023
CleanSpark Announces Purchase Of 12,500 Antminer S19 XP Bitcoin Miners

CleanSpark Announces Purchase Of 12,500 Antminer S19 XP Bitcoin Miners

June 1, 2023
Michael Saylor reiterates his stance on bitcoin, says BTC is inflation-proof

Michael Saylor reiterates his stance on bitcoin, says BTC is inflation-proof

May 6, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Crypto Regulations on Surge in Georgia, VASPs to be Scrutinized – The Coin Republic
  • Republican lawmakers distinguish crypto commodities and securities in draft bill
  • US Republicans unveil draft bill for cryptocurrency regulation – Anadolu Agency | English

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$27,164.000.35%
  • ethereumEthereum(ETH)$1,901.860.91%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.23%
  • binancecoinBNB(BNB)$305.81-0.57%
  • usd-coinUSD Coin(USDC)$1.000.25%
  • rippleXRP(XRP)$0.531.45%
  • staked-etherLido Staked Ether(STETH)$1,895.750.62%
  • cardanoCardano(ADA)$0.3777411.31%
  • dogecoinDogecoin(DOGE)$0.0723080.21%
  • solanaSolana(SOL)$21.161.08%
  • matic-networkPolygon(MATIC)$0.90-0.57%
  • tronTRON(TRX)$0.0832009.73%
  • litecoinLitecoin(LTC)$94.76-0.69%
  • polkadotPolkadot(DOT)$5.27-0.07%
  • binance-usdBinance USD(BUSD)$1.000.07%
  • shiba-inuShiba Inu(SHIB)$0.0000091.18%
  • avalanche-2Avalanche(AVAX)$14.501.43%
  • daiDai(DAI)$1.000.09%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,184.000.42%
  • uniswapUniswap(UNI)$5.060.26%
  • leo-tokenLEO Token(LEO)$3.591.45%
  • chainlinkChainlink(LINK)$6.43-0.60%
  • cosmosCosmos Hub(ATOM)$10.581.30%
  • okbOKB(OKB)$46.15-0.29%
  • moneroMonero(XMR)$146.380.21%
  • ToncoinToncoin(TON)$1.76-1.70%
  • ethereum-classicEthereum Classic(ETC)$18.080.39%
  • stellarStellar(XLM)$0.0925400.39%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • bitcoin-cashBitcoin Cash(BCH)$114.67-0.04%
  • filecoinFilecoin(FIL)$4.93-0.29%
  • internet-computerInternet Computer(ICP)$4.78-0.22%
  • true-usdTrueUSD(TUSD)$1.000.08%
  • lido-daoLido DAO(LDO)$2.286.99%
  • AptosAptos(APT)$8.950.63%
  • quant-networkQuant(QNT)$118.270.41%
  • hedera-hashgraphHedera(HBAR)$0.0506870.06%
  • ArbitrumArbitrum(ARB)$1.234.00%
  • crypto-com-chainCronos(CRO)$0.0592710.58%
  • nearNEAR Protocol(NEAR)$1.612.53%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • vechainVeChain(VET)$0.019791-0.82%
  • the-graphThe Graph(GRT)$0.1307610.15%
  • apecoinApeCoin(APE)$3.131.18%
  • algorandAlgorand(ALGO)$0.1518890.32%
  • the-sandboxThe Sandbox(SAND)$0.571.69%
  • paxos-standardPax Dollar(USDP)$1.000.22%
  • fraxFrax(FRAX)$1.000.13%
  • eosEOS(EOS)$0.910.14%