Rising Market Value of Shiba Inu (SHIB)

As the second largest meme token by market value, Shiba Inu (SHIB) has drawn attention and has recently attracted significant interest in the cryptocurrency community with its important increase in value. SHIB, with a price of $0.0000319, showed a 7% increase in the last day, indicating a strong upward trend. Rising Investor Interest: SHIB According to 21milyon.com, SHIB ranks as the 11th most valuable cryptocurrency with a market cap of $18.76 billion. While there is a small decrease in the 24-hour trading volume, at $1.72 billion, it continues to attract the attention of both analysts and investors. Historical Trend of SHIB Price In the past two weeks, the price of Shiba Inu has increased by 187%, rising from $0.00001 to over $0.000031, and experienced a 17% increase last week. As Bitcoin reached $70,000 and Ethereum reached $3,500, there was a similar recovery in the altcoin market, and the Bitcoin halving […]

Rising Market Value of Shiba Inu (SHIB)

As the second largest meme token by market value, Shiba Inu (SHIB) has drawn attention and has recently attracted significant interest in the cryptocurrency community with its important increase in value. SHIB, with a price of $0.0000319, showed a 7% increase in the last day, indicating a strong upward trend.

Rising Investor Interest: SHIB

According to 21milyon.com, SHIB ranks as the 11th most valuable cryptocurrency with a market cap of $18.76 billion. While there is a small decrease in the 24-hour trading volume, at $1.72 billion, it continues to attract the attention of both analysts and investors.

Historical Trend of SHIB Price

In the past two weeks, the price of Shiba Inu has increased by 187%, rising from $0.00001 to over $0.000031, and experienced a 17% increase last week. As Bitcoin reached $70,000 and Ethereum reached $3,500, there was a similar recovery in the altcoin market, and the Bitcoin halving event boosted optimism in the market.

According to Shibburn data, the burning rate aiming to remove approximately 50.90 million tokens from circulation increased by 1055% in the last day. This contributes to reducing the total supply and creates optimism for investors. However, it is noted that if the critical resistance level of $0.000032 is breached, the price for SHIB could rise further, while in a downward trend, it could return to the $0.00003 support level and even drop further.

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