{"id":560062,"date":"2023-11-10T12:00:15","date_gmt":"2023-11-10T12:00:15","guid":{"rendered":"https:\/\/uniquehot.com\/?p=560062"},"modified":"2024-06-11T07:48:12","modified_gmt":"2024-06-11T07:48:12","slug":"shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/","title":{"rendered":"Shiba Inu Burn Rate Soars Over 3,000% – What’s The Impact On Price?"},"content":{"rendered":"

Shiba Inu (SHIB) finds itself in a curious position as it experiences minor dips in its 24-hour trading value, diverging from the upward momentum seen in altcoins such as LINK, ADA, and SOL. The surge in these alternative cryptocurrencies has been propelled by Bitcoin’s climb to the $36,000 level. <\/span><\/p>\n

Despite the broader market’s positive movements, SHIB’s recent performance prompts a closer examination of its resilience and potential trajectory.<\/span><\/p>\n

Related Reading: Dogecoin Price Chart Described As \u2018Beautiful\u2019 By Crypto Analyst<\/a><\/div>\n

The <\/span>Shibburn website<\/span><\/a> has reported a remarkable surge in the burn rate, surpassing 3,000% in the last 24 hours, resulting in the incineration of over 9 million tokens. This significant increase in token burn raises a crucial question: What could be the potential impact of this heightened burn rate on SHIB’s price dynamics?<\/span><\/p>\n

\"\"<\/p>\n

Source: Shibburn<\/pre>\n
Analyzing SHIB’s Current Price Trends<\/strong><\/h2>\n
As of the latest update from <\/span>CoinGecko<\/span><\/a>, SHIB is priced at $0.00000826, reflecting a 4.3% decline in the past 24 hours. However, the token has managed to secure a 5.9% gain over the last seven days, showcasing a level of volatility that demands a more nuanced understanding of the factors influencing SHIB’s price movements.<\/span><\/p>\n
Investors keen on the Shiba Inu market are carefully scrutinizing this fluctuation, with the broader crypto market exhibiting robust rallies. While SHIB has dipped marginally in the short term, its seven-day gains suggest an underlying resilience that could be crucial in navigating the current crypto landscape.<\/span><\/p>\n
\"\"SHIB price action in the last week. Source: Coingecko<\/pre>\n
Navigating A Formidable Barrier<\/strong><\/h2>\n
Adding to the complexity, Shiba Inu’s recent price surge has brought it to a critical juncture, approaching a significant barrier that could impede further gains. According to <\/span>new data<\/span><\/a>, SHIB faces a colossal 250 trillion barrier within its current trading range, spanning from $0.000008 to $0.000014. Within this range, a staggering 361,080 addresses have collectively acquired 250.23 trillion SHIB at an average price of $0.000011.<\/span><\/p>\n
<\/p>\n
SHIB market cap currently at $4.89 billion. Chart: TradingView.com<\/a><\/pre>\n
Investors are closely watching this barrier, as breaking through or succumbing to it could be a pivotal moment for SHIB. The large number of addresses involved and the substantial quantity of SHIB acquired within this range underscore the significance of this price band and its potential impact on future market dynamics.<\/span><\/p>\n
Implications For Shiba Inu Investors<\/strong><\/h3>\n
The implications of this scenario raise concerns for Shiba Inu investors, as the token navigates both short-term fluctuations and the imposing 250 trillion SHIB barrier. The intensified burn rate, while potentially influencing the token’s scarcity, must be scrutinized against the backdrop of broader market dynamics and investor sentiment.<\/span><\/p>\n
Related Reading: Pepe Climbs 21% \u2013 What\u2019s Igniting The Meme Coin Fire?<\/a><\/div>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from Pexels<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu (SHIB) finds itself in a curious position as it experiences minor dips in its 24-hour trading value, diverging from the upward momentum seen in altcoins such as LINK, ADA, and SOL. The surge in these alternative cryptocurrencies has been propelled by Bitcoin’s climb to the $36,000 level. Despite the broader market’s positive movements, SHIB’s recent performance prompts a closer examination of its resilience and potential trajectory. Related Reading: Dogecoin Price Chart Described As \u2018Beautiful\u2019 By Crypto Analyst The Shibburn website has reported a remarkable surge in the burn rate, surpassing 3,000% in the last 24 hours, resulting in the incineration of over 9 million tokens. This significant increase in token burn raises a crucial question: What could be the potential impact of this heightened burn rate on SHIB’s price dynamics? Source: Shibburn Analyzing SHIB’s Current Price Trends As of the latest update from CoinGecko, SHIB is priced at $0.00000826, reflecting a 4.3% decline in the past 24 hours. However, the token has managed to secure a 5.9% gain over the last seven days, showcasing a level of volatility that demands a more nuanced understanding of the factors influencing SHIB’s price movements. Investors keen on the Shiba Inu market are carefully scrutinizing this fluctuation, with the broader crypto market exhibiting robust rallies. While SHIB has dipped marginally in the short term, its seven-day gains suggest an underlying resilience that could be crucial in navigating the current crypto landscape. SHIB price action in the last week. Source: Coingecko Navigating A Formidable Barrier Adding to the complexity, Shiba Inu’s recent price surge has brought it to a critical juncture, approaching a significant barrier that could impede further gains. According to new data, SHIB faces a colossal 250 trillion barrier within its current trading range, spanning from $0.000008 to $0.000014. Within this range, a staggering 361,080 addresses have collectively acquired 250.23 trillion SHIB at an average price of $0.000011. SHIB market cap currently at $4.89 billion. Chart: TradingView.com Investors are closely watching this barrier, as breaking through or succumbing to it could be a pivotal moment for SHIB. The large number of addresses involved and the substantial quantity of SHIB acquired within this range underscore the significance of this price band and its potential impact on future market dynamics. Implications For Shiba Inu Investors The implications of this scenario raise concerns for Shiba Inu investors, as the token navigates both short-term fluctuations and the imposing 250 trillion SHIB barrier. The intensified burn rate, while potentially influencing the token’s scarcity, must be scrutinized against the backdrop of broader market dynamics and investor sentiment. Related Reading: Pepe Climbs 21% \u2013 What\u2019s Igniting The Meme Coin Fire? (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Pexels<\/p>\n","protected":false},"author":557,"featured_media":560070,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[1144,8686,83767,4735,84473,83667],"class_list":["post-560062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-btcusd","tag-ethusd","tag-meme-coins","tag-price-action","tag-shib-price","tag-shiba-inu"],"acf":[],"yoast_head":"\nShiba Inu Burn Rate Up 3,000% - What's The Impact On Price?<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) finds itself in a curious position as it experiences minor dips in its 24-hour trading value, diverging from the upward momentum seen in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu Burn Rate Up 3,000% - What's The Impact On Price?\" \/>\n<meta property=\"og:description\" content=\"Shiba Inu (SHIB) finds itself in a curious position as it experiences minor dips in its 24-hour trading value, diverging from the upward momentum seen in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-10T12:00:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:48:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-60.png?fit=1218%2C673\" \/>\n\t<meta property=\"og:image:width\" content=\"1218\" \/>\n\t<meta property=\"og:image:height\" content=\"673\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Shiba Inu Burn Rate Soars Over 3,000% – What’s The Impact On Price?\",\"datePublished\":\"2023-11-10T12:00:15+00:00\",\"dateModified\":\"2024-06-11T07:48:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/\"},\"wordCount\":454,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-60.png?fit=1218%2C673\",\"keywords\":[\"btcusd\",\"ethusd\",\"meme coins\",\"Price action\",\"SHIB price\",\"Shiba Inu\"],\"articleSection\":[\"Shiba Inu Coin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/\",\"url\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/\",\"name\":\"Shiba Inu Burn Rate Up 3,000% - What's The Impact On Price?\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-60.png?fit=1218%2C673\",\"datePublished\":\"2023-11-10T12:00:15+00:00\",\"dateModified\":\"2024-06-11T07:48:12+00:00\",\"description\":\"Shiba Inu (SHIB) finds itself in a curious position as it experiences minor dips in its 24-hour trading value, diverging from the upward momentum seen in\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-60.png?fit=1218%2C673\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-60.png?fit=1218%2C673\",\"width\":1218,\"height\":673},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Shiba Inu Burn Rate Soars Over 3,000% – What’s The Impact On Price?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\",\"name\":\"Christian Encila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"caption\":\"Christian Encila\"},\"description\":\"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/uniquehot.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Shiba Inu Burn Rate Up 3,000% - What's The Impact On Price?","description":"Shiba Inu (SHIB) finds itself in a curious position as it experiences minor dips in its 24-hour trading value, diverging from the upward momentum seen in","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/","og_locale":"en_US","og_type":"article","og_title":"Shiba Inu Burn Rate Up 3,000% - What's The Impact On Price?","og_description":"Shiba Inu (SHIB) finds itself in a curious position as it experiences minor dips in its 24-hour trading value, diverging from the upward momentum seen in","og_url":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-11-10T12:00:15+00:00","article_modified_time":"2024-06-11T07:48:12+00:00","og_image":[{"width":1218,"height":673,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-60.png?fit=1218%2C673","type":"image\/png"}],"author":"Christian Encila","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Christian Encila","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/"},"author":{"name":"Christian Encila","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80"},"headline":"Shiba Inu Burn Rate Soars Over 3,000% – What’s The Impact On Price?","datePublished":"2023-11-10T12:00:15+00:00","dateModified":"2024-06-11T07:48:12+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/"},"wordCount":454,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-60.png?fit=1218%2C673","keywords":["btcusd","ethusd","meme coins","Price action","SHIB price","Shiba Inu"],"articleSection":["Shiba Inu Coin"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/","url":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/","name":"Shiba Inu Burn Rate Up 3,000% - What's The Impact On Price?","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-60.png?fit=1218%2C673","datePublished":"2023-11-10T12:00:15+00:00","dateModified":"2024-06-11T07:48:12+00:00","description":"Shiba Inu (SHIB) finds itself in a curious position as it experiences minor dips in its 24-hour trading value, diverging from the upward momentum seen in","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-60.png?fit=1218%2C673","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-60.png?fit=1218%2C673","width":1218,"height":673},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Shiba Inu Burn Rate Soars Over 3,000% – What’s The Impact On Price?"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80","name":"Christian Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Burn Rate Soars Over 3,000% – What’s The Impact On Price?","url":"http:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-60.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-60.png?fit=1218%2C673"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethusd","meme coins","price action","shib price","shiba inu"],"dateCreated":"2023-11-10T12:00:15Z","datePublished":"2023-11-10T12:00:15Z","dateModified":"2024-06-11T07:48:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Burn Rate Soars Over 3,000% – What’s The Impact On Price?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-burn-rate-soars-over-3000-whats-the-impact-on-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/a-60.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/a-60.png?fit=1218%2C673\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethusd\",\"meme coins\",\"price action\",\"shib price\",\"shiba inu\"],\"dateCreated\":\"2023-11-10T12:00:15Z\",\"datePublished\":\"2023-11-10T12:00:15Z\",\"dateModified\":\"2024-06-11T07:48:12Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/a-60.png?fit=1218%2C673","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/560062"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=560062"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/560062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/560070"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=560062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=560062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=560062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}