{"id":645424,"date":"2024-09-30T10:00:38","date_gmt":"2024-09-30T10:00:38","guid":{"rendered":"https:\/\/uniquehot.com\/?p=645424"},"modified":"2024-09-30T08:15:24","modified_gmt":"2024-09-30T08:15:24","slug":"shiba-inu-burn-rate-skyrockets-81","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-burn-rate-skyrockets-81\/","title":{"rendered":"Shiba Inu Burn Rate Skyrockets 81% In One Day, Are The Bulls Back?"},"content":{"rendered":"

The Shiba Inu (SHIB) burn rate<\/span><\/a> has surged in the last 24 hours, providing a bullish outlook for the meme coin. This is also significant as it suggests that <\/span>Shiba Inu bulls<\/span><\/a> are again returning to its ecosystem.\u00a0<\/span><\/p>\n

Shiba Inu Burn Rate Surges By 81%<\/h2>\n

Data<\/span><\/a> from the Shiba Inu burn tracker Shibburn shows that the <\/span>meme coin\u2019s burn rate<\/span><\/a> has surged by 81% in the last 24 hours, with 3.7 million coins burnt during this period. Meanwhile, the <\/span>burn rate<\/span><\/a> has surged by an impressive 3,600% in the last seven days, with 2 billion coins burnt during this period.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Short Squeeze Could Catapult Price To New All-Time High \u2013 Here\u2019s Why<\/a><\/div>\n

The surge in <\/span>Shiba Inu\u2019s<\/span><\/a> burn rate is significant, indicating that the bulls are back in the meme coin\u2019s ecosystem. Since an accumulation trend typically leads to a transaction spike, more SHIB tokens are usually burnt as investors accumulate the meme coin. <\/span>Data<\/span><\/a> from the market intelligence platform IntoTheBlock also confirms that these Shiba Inu whales have been actively buying the meme coin.\u00a0<\/span><\/p>\n

Large transactions<\/span><\/a> have surged by over 13% in the last seven days, with trillions of Shiba Inu tokens traded during this period. In the last 24 hours, these bulls have traded two trillion SHB tokens. Meanwhile, the large transactions reached a recent high on September 26, when nine trillion SHIB tokens were traded.\u00a0<\/span><\/p>\n

Shiba Inu\u2019s price has also reacted accordingly to these bullish metrics, surging by over 26% in the last seven days. This rally is expected to extend in October as the meme coin could be on the <\/span>verge of a historic run<\/span><\/a>. Shiba Inu has always recorded positive monthly returns in October, and this time isn\u2019t expected to be different.<\/span><\/p>\n

Moreover, the broader crypto market outlook is bullish, which supports Shiba Inu reaching new highs next month. Specifically, there have been projections that Bitcoin (BTC) could reclaim the $70,000 price level in October. Therefore, given Shiba Inu\u2019s <\/span>strong positive price correlation<\/span><\/a> with BTC, it will run as the flagship crypto moves to the upside.\u00a0<\/span><\/p>\n

SHIB Can Rise To As High As $0.000081 Soon Enough<\/h2>\n

Crypto analyst Javon Marks<\/span><\/a> has predicted that the meme coin can rise to as high as $0.000081 soon enough. He claimed its price had responded massively after noticing multiple confirmed hidden bullish divergences. In line with this, he added that an extended rally towards $0.000081 looks to be in progress.\u00a0<\/span><\/p>\n

Related Reading: PEPE Confirms Breakout From Symmetrical Triangle: How Far Can It Go?<\/a><\/div>\n

That represents a <\/span>price rally of over 300%<\/span><\/a> for Shiba Inu. Marks had also <\/span>previously predicted<\/span><\/a> that Shiba Inu would delete another zero from its price in this bull run, indicating that the meme coin could still rise higher even after it reaches the $0.000081 price level.\u00a0<\/span><\/p>\n

Interestingly, crypto analyst Smile <\/span>recently predicted<\/span><\/a> that the meme coin could rise as high as $0.05 by 2025. However, for its price to get close to that level, a significant amount of Shiba Inu\u2019s circulating supply will need to be burnt.\u00a0<\/span><\/p>\n

\"Shiba
SHIB price still holding strong | Source: SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Shiba Inu (SHIB) burn rate has surged in the last 24 hours, providing a bullish outlook for the meme coin. This is also significant as it suggests that Shiba Inu bulls are again returning to its ecosystem.\u00a0 Shiba Inu Burn Rate Surges By 81% Data from the Shiba Inu burn tracker Shibburn shows that the meme coin\u2019s burn rate has surged by 81% in the last 24 hours, with 3.7 million coins burnt during this period. Meanwhile, the burn rate has surged by an impressive 3,600% in the last seven days, with 2 billion coins burnt during this period.\u00a0 Related Reading: Bitcoin Short Squeeze Could Catapult Price To New All-Time High \u2013 Here\u2019s Why The surge in Shiba Inu\u2019s burn rate is significant, indicating that the bulls are back in the meme coin\u2019s ecosystem. Since an accumulation trend typically leads to a transaction spike, more SHIB tokens are usually burnt as investors accumulate the meme coin. Data from the market intelligence platform IntoTheBlock also confirms that these Shiba Inu whales have been actively buying the meme coin.\u00a0 Large transactions have surged by over 13% in the last seven days, with trillions of Shiba Inu tokens traded during this period. In the last 24 hours, these bulls have traded two trillion SHB tokens. Meanwhile, the large transactions reached a recent high on September 26, when nine trillion SHIB tokens were traded.\u00a0 Shiba Inu\u2019s price has also reacted accordingly to these bullish metrics, surging by over 26% in the last seven days. This rally is expected to extend in October as the meme coin could be on the verge of a historic run. Shiba Inu has always recorded positive monthly returns in October, and this time isn\u2019t expected to be different. Moreover, the broader crypto market outlook is bullish, which supports Shiba Inu reaching new highs next month. Specifically, there have been projections that Bitcoin (BTC) could reclaim the $70,000 price level in October. Therefore, given Shiba Inu\u2019s strong positive price correlation with BTC, it will run as the flagship crypto moves to the upside.\u00a0 SHIB Can Rise To As High As $0.000081 Soon Enough Crypto analyst Javon Marks has predicted that the meme coin can rise to as high as $0.000081 soon enough. He claimed its price had responded massively after noticing multiple confirmed hidden bullish divergences. In line with this, he added that an extended rally towards $0.000081 looks to be in progress.\u00a0 Related Reading: PEPE Confirms Breakout From Symmetrical Triangle: How Far Can It Go? That represents a price rally of over 300% for Shiba Inu. Marks had also previously predicted that Shiba Inu would delete another zero from its price in this bull run, indicating that the meme coin could still rise higher even after it reaches the $0.000081 price level.\u00a0 Interestingly, crypto analyst Smile recently predicted that the meme coin could rise as high as $0.05 by 2025. However, for its price to get close to that level, a significant amount of Shiba Inu\u2019s circulating supply will need to be burnt.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":645432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83740],"tags":[83668,86002,89178,92123,83667,89157,86437,84562,84558],"class_list":["post-645424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu","tag-shib","tag-shib-burn","tag-shib-news","tag-shib-price-shiba-inu-burn","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nShiba Inu Burn Rate Skyrockets 81% In One Day, Are The Bulls Back?<\/title>\n<meta name=\"description\" content=\"The Shiba Inu 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Burn Rate Skyrockets 81% In One Day, Are The Bulls Back?","url":"http:\/\/uniquehot.com\/shiba-inu\/shiba-inu-burn-rate-skyrockets-81\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/shiba-inu\/shiba-inu-burn-rate-skyrockets-81\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/Shiba-Inu-burn.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/Shiba-Inu-burn.jpeg?fit=1792%2C1024"},"articleSection":"Shiba Inu","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["shib","shib burn","shib news","shib price shiba inu burn","shiba inu","shiba inu news","shiba inu price","shibusd","shibusdt"],"dateCreated":"2024-09-30T10:00:38Z","datePublished":"2024-09-30T10:00:38Z","dateModified":"2024-09-30T10:00:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Burn Rate Skyrockets 81% In One Day, Are The Bulls Back?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/shiba-inu\\\/shiba-inu-burn-rate-skyrockets-81\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/shiba-inu\\\/shiba-inu-burn-rate-skyrockets-81\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Shiba-Inu-burn.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Shiba-Inu-burn.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Shiba Inu\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"shib\",\"shib burn\",\"shib news\",\"shib price shiba inu burn\",\"shiba inu\",\"shiba inu news\",\"shiba inu price\",\"shibusd\",\"shibusdt\"],\"dateCreated\":\"2024-09-30T10:00:38Z\",\"datePublished\":\"2024-09-30T10:00:38Z\",\"dateModified\":\"2024-09-30T10:00:38Z\"}<\/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\/2024\/09\/Shiba-Inu-burn.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/645424"}],"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\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=645424"}],"version-history":[{"count":1,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/645424\/revisions"}],"predecessor-version":[{"id":645434,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/645424\/revisions\/645434"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/645432"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=645424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=645424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=645424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}