• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Tuesday, January 31, 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
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

As Bitcoin rallies after FTX collapse, 25% of supply is held between $15.5k and $23k

January 31, 2023

Lighting network provider Strike expands to Philippines

January 31, 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

As Bitcoin rallies after FTX collapse, 25% of supply is held between $15.5k and $23k

January 31, 2023

Definition UTXO Realized Price Distribution (URPD) shows at which prices the current set of Bitcoin UTXOs were created, i.e., each...

Lighting network provider Strike expands to Philippines

January 31, 2023

Send Globally, a remittance service on Bitcoin Layer 2 scaling solution provider Strike Lighting Network, will be available in the...

Bitcoin futures open interest grows ahead of FOMC meeting

January 31, 2023

Futures open interest (OI) is the total number of open futures contracts for an asset held by market participants. Open...

Court-appointed examiner confirms Celsius operated as a Ponzi

January 31, 2023

An independent U.S. court-appointed examiner reported that Celsius had used customers’ deposits to prop up the CEL token and enrich...

UK home to hundreds of companies running crypto, forex scams

January 31, 2023

The Bureau of Investigative Journalism (TBIJ) has identified 168 companies accused of running crypto or fraudulent foreign exchange trading scams...

Load More
Next Post

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

Unreported Transactions Linked to Disgraced FTX Co-Founder Revealed by Onchain Investigation – Bitcoin News

January 5, 2023

Bearish Signal: Bitcoin, Ethereum Profit-Taking Reach 2021 Levels

January 17, 2023

Deepr Finance to release lend and borrow platform to conquer billion-$-market

January 11, 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!

  • Kazakhstan Seeks to Improve Cryptocurrency Trading Framework
  • Silvergate’s ties to FTX face renewed scrutiny from senators
  • Trevor Jones Takes EthBoy London’s Oxford Street

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)$23,110.001.46%
  • ethereumEthereum(ETH)$1,584.091.47%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.26%
  • usd-coinUSD Coin(USDC)$1.00-0.09%
  • binancecoinBNB(BNB)$311.951.76%
  • rippleXRP(XRP)$0.4076353.53%
  • binance-usdBinance USD(BUSD)$1.00-0.11%
  • cardanoCardano(ADA)$0.3893834.88%
  • dogecoinDogecoin(DOGE)$0.0955068.80%
  • matic-networkPolygon(MATIC)$1.112.19%
  • okbOKB(OKB)$37.491.02%
  • solanaSolana(SOL)$23.890.22%
  • staked-etherLido Staked Ether(STETH)$1,578.881.09%
  • polkadotPolkadot(DOT)$6.261.57%
  • shiba-inuShiba Inu(SHIB)$0.0000122.69%
  • litecoinLitecoin(LTC)$93.613.45%
  • avalanche-2Avalanche(AVAX)$19.861.44%
  • tronTRON(TRX)$0.062165-0.13%
  • daiDai(DAI)$1.00-0.05%
  • uniswapUniswap(UNI)$6.571.46%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,064.001.76%
  • cosmosCosmos Hub(ATOM)$13.342.60%
  • chainlinkChainlink(LINK)$6.930.46%
  • ToncoinToncoin(TON)$2.290.73%
  • leo-tokenLEO Token(LEO)$3.54-1.20%
  • moneroMonero(XMR)$176.970.69%
  • ethereum-classicEthereum Classic(ETC)$21.621.88%
  • AptosAptos(APT)$16.87-1.19%
  • bitcoin-cashBitcoin Cash(BCH)$133.122.82%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.0907921.09%
  • apecoinApeCoin(APE)$5.841.00%
  • quant-networkQuant(QNT)$142.111.32%
  • crypto-com-chainCronos(CRO)$0.0790852.22%
  • nearNEAR Protocol(NEAR)$2.321.53%
  • filecoinFilecoin(FIL)$5.242.66%
  • lido-daoLido DAO(LDO)$2.186.81%
  • algorandAlgorand(ALGO)$0.2423061.29%
  • vechainVeChain(VET)$0.0231481.08%
  • internet-computerInternet Computer(ICP)$5.882.68%
  • hedera-hashgraphHedera(HBAR)$0.0646132.01%
  • fantomFantom(FTM)$0.5415.94%
  • decentralandDecentraland(MANA)$0.740.01%
  • axie-infinityAxie Infinity(AXS)$10.831.27%
  • aaveAave(AAVE)$82.712.46%
  • eosEOS(EOS)$1.061.89%
  • the-sandboxThe Sandbox(SAND)$0.731.30%
  • flowFlow(FLOW)$1.068.41%
  • elrond-erd-2MultiversX(EGLD)$42.942.30%