What's Hot

    Alternative Media Attacks Bitcoin: A Response To “Bitcoin Cannot Free Palestine”

    July 27, 2022

    Bullish Sentiment Spills Over To Institutional Investors As Ethereum Inflows Balloons

    July 27, 2022

    Wanchain AMA with Marketing Director Temujin Louie

    July 27, 2022
    Facebook Twitter Instagram
    • Altcoins
    • Bitcoin
    • Ethereum
    • Blockchain
    Facebook Twitter Instagram
    Guide to Crypto and Altcoins
    • Bitcoin

      Alternative Media Attacks Bitcoin: A Response To “Bitcoin Cannot Free Palestine”

      July 27, 2022

      Crypto Traders Split on Upcoming Fed Rate Hike’s Impact on Bitcoin

      July 27, 2022

      Bitcoin holds $21k – crypto rally still on

      July 27, 2022

      TA: Bitcoin Price Consolidates, Why Recovery Could Be Capped

      July 27, 2022

      Bitcoin Is Global Money For An Interconnected World

      July 27, 2022
    • Altcoins

      Wanchain AMA with Marketing Director Temujin Louie

      July 27, 2022

      ‘Game yet to begin’ for security token offerings, INX exec says

      July 27, 2022

      CryptoDep’s Top 5 Meme Tokens by Social Activity

      July 27, 2022

      Large Uniswap Holders Awaken, Accumulate Nearly $75,000,000 in UNI in About Two Weeks: Analytics Firm Santiment

      July 27, 2022

      Shiba Inu (SHIB) Burn Rate Continues 200% Rally Following Crypto Card Release

      July 26, 2022
    • Ethereum

      Bullish Sentiment Spills Over To Institutional Investors As Ethereum Inflows Balloons

      July 27, 2022

      Technical Analysis – Ethereum Price (ETH/USD) – 27/07/22

      July 27, 2022

      Massive Ethereum Supply Shock Incoming As ETH Prepares To Outpace Bitcoin: Raoul Pal

      July 26, 2022

      “Crypto King” Barry Silbert Hyping Up Ethereum’s Merge Upgrade

      July 26, 2022

      Institutional ETH sentiment turns positive after 11 weeks of outflows

      July 26, 2022
    • DeFi

      DeFi.org Announces Four Leading Participants in Its Polygon-Led Accelerator Program

      July 26, 2022

      DeFi Tokens Lido, Curve Follow Ethereum into Bear Territory

      July 26, 2022

      DeFi Total Value Locked (TVL) Soars By More Than $10 Billion

      July 26, 2022

      This little-known DeFi crypto token has rallied over 800% in a month

      July 26, 2022

      Solana said to be ‘more decentralized than people think,’ but there’s more

      July 26, 2022
    • NFT

      NFT potential vast and creative possibility endless, says YellowHeart CEO

      July 27, 2022

      A Complete Guide To Altcoins

      July 27, 2022

      Erick Calderon: NFT Platform Art Blocks’ Rapid Growth ‘Felt Unreasonable’

      July 26, 2022

      NFT Market Projected to Reach $200 Billion in 2030

      July 26, 2022

      The Sandbox Creating a Virtual Home & NFT Art for Alec Monopoly

      July 26, 2022
    • Mining

      The Top 5 Best Cryptocurrencies for Mining in 2022

      July 26, 2022

      Bitmain Partner Antalpha Unveils a Host of Needed Lending Products for Miners

      July 26, 2022

      AntPool Supports Ethereum Classic Ecosystem With $10M Investment

      July 26, 2022

      Texas a Bitcoin ‘hot spot’ even as heat waves affect crypto miners

      July 26, 2022

      Bitcoin mining to harness onsite natural gas emissions: Ark Invest

      July 26, 2022
    • Metaverse

      The Sandbox primary LAND sales volume fell 80% in Q2

      July 26, 2022

      HTC partners with Japan’s pixiv to launch 3D anime avatars in the metaverse

      July 26, 2022

      Wharton School launches metaverse-focused business course

      July 26, 2022

      Aftermath Islands Metaverse Limited Secures $25M Commitment from LDA Capital

      July 26, 2022

      Patents and Big Tech: Which Companies Will Rule the Metaverse?

      July 26, 2022
    • More…
      • Blockchain
      • Analytics
      • Exchange
      • Legal
      • Finance
      • Security
      • Other
    Guide to Crypto and Altcoins
    Home » Shiba Inu (SHIB) Burn Rate Continues 200% Rally Following Crypto Card Release
    Altcoins

    Shiba Inu (SHIB) Burn Rate Continues 200% Rally Following Crypto Card Release

    🌐  u.todayJuly 26, 2022No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The release of a crypto card by the Shiba Inu foundation is currently the main fuel of the 200% burn rate rally that caused a burn of 144 million SHIB tokens in the last 24 hours.

    As the burn website related to Shiba Inu suggests, the market saw a 65% increase in the rate of coins that are being burned. Previously, the Shib Burn twitter account made an announcement about the upcoming SHIB Burn Visa Card on July 25, which is going to burn a small amount of tokens every time a user makes a payment.

    Shibburn is going in a new direction. #shib #shibarium pic.twitter.com/IzcQMtvs6P

    — Shibburn (@shibburn) July 24, 2022

    Constant burning events for Shiba Inu remain one of the best and most efficient tools for supporting the cryptocurrency on the market as the supply held by smaller investors is still at a dangerously high level, which keeps the token from gaining back some of its value on the market.

    Shiba Inu price performance

    In the last few months, SHIB was furiously battling for its place on the market, as it had several good rallies that could have put the token back into the green market zone. Unfortunately, the memetoken was facing enormous selling pressure that immediately sent it back to extremely low values.

    As for now, SHIB has entered a certain chart pattern that might help us to determine when the token will enter a high volatility period once again. The ascending channel on the daily chart of the token shows that the current rally might end at any moment due to lack of trading volume and volatility.

    At press time, SHIB is changing hands at $0.00001 and currently consolidating at the lower border of the aforementioned channel.

    Source: u.today
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    bitwiza
    • Website

    Related Posts

    Wanchain AMA with Marketing Director Temujin Louie

    July 27, 2022

    ‘Game yet to begin’ for security token offerings, INX exec says

    July 27, 2022

    CryptoDep’s Top 5 Meme Tokens by Social Activity

    July 27, 2022

    Large Uniswap Holders Awaken, Accumulate Nearly $75,000,000 in UNI in About Two Weeks: Analytics Firm Santiment

    July 27, 2022
    Add A Comment

    Comments are closed.

    Top Posts

    Open Interest In Ethereum Futures Has Hit a Record High

    February 13, 2022

    Number of SHIB holders surges more than 30% in a month

    November 12, 2021

    Estimating This Cycle’s Bitcoin Price Top

    November 12, 2021

    Subscribe to Updates

    Get the latest crypto news from bitwiza.com about altcoins, cryptocurrencies and blockchain.

    Sponsored
    UNITED NEKO ALLIANCE

    We are the leader in cryptocurrency news and a top knowledgebase for crypto assets, DeFi and blockchain.

    We're a community. Connect with us:

    Facebook Twitter Instagram Pinterest YouTube
    Top Insights

    Open Interest In Ethereum Futures Has Hit a Record High

    February 13, 2022

    Number of SHIB holders surges more than 30% in a month

    November 12, 2021

    Estimating This Cycle’s Bitcoin Price Top

    November 12, 2021
    Get Informed

    Subscribe to Updates

    Get the latest creative news from Bitwiza about altcoins, cryptocurrencies and blockchain.

    Facebook Twitter Instagram Pinterest
    • Altcoins
    • Blockchain
    • Bitcoin
    • DeFi
    • Ethereum
    • Crypto Mining
    • NFT
    • Security
    © 2023 Bitwiza. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.