Shiba Inu Altcoin’s Rise Signs and Market Effects

The popular dog-themed altcoin Shiba Inu (SHIB) is making significant moves in the crypto market. Especially when considered in connection with the market recovery seen after Bitcoin’s fourth block reward halving, the decrease in the circulation supply of the altcoin potentially affects market dynamics and increases investor optimism. Token Burn Rate Increased by Over 176% in the Last 7 Days Shiba Inu’s core asset SHIB is sending positive signals to the market with a 6% increase in the last few days. Expert analysis predicts a rise for the altcoin to the $0.00004 level. According to data provided by Shibburn platform, 714.13 million SHIB was burned in the last week, indicating a 176.33% weekly burn rate increase. The largest token burn event during this period occurred on April 14, with the burning of 650 million SHIB. Evaluated in conjunction with on-chain data supporting the price increase, this event indicates a growing […]

Shiba Inu Altcoin’s Rise Signs and Market Effects

The popular dog-themed altcoin Shiba Inu (SHIB) is making significant moves in the crypto market. Especially when considered in connection with the market recovery seen after Bitcoin’s fourth block reward halving, the decrease in the circulation supply of the altcoin potentially affects market dynamics and increases investor optimism.

Token Burn Rate Increased by Over 176% in the Last 7 Days

Shiba Inu’s core asset SHIB is sending positive signals to the market with a 6% increase in the last few days. Expert analysis predicts a rise for the altcoin to the $0.00004 level. According to data provided by Shibburn platform, 714.13 million SHIB was burned in the last week, indicating a 176.33% weekly burn rate increase.

The largest token burn event during this period occurred on April 14, with the burning of 650 million SHIB. Evaluated in conjunction with on-chain data supporting the price increase, this event indicates a growing trend for the altcoin.

Short-Term Target of $0.00004 Expected

Currently, SHIB is priced at $0.0000227 and has shown a 4.67% increase in the last 24 hours. It is observed that the market has generally recovered before and after Bitcoin’s block reward halving. Technical analysis indicates a strong potential for SHIB to reach the $0.00004 level in the near future.

Useful Information for the Reader

The increase in SHIB token burn rate can support price increase.
Experts predict a short-term target of $0.00004 for SHIB.
Considerations should be given for the general market recovery trend after the block reward halving.

As a result, important factors that can influence Shiba Inu’s future price movements include token burn rates and general market recovery trends. These are essential factors to consider for investors and market observers when evaluating the potential rise of SHIB.

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