👉👉$BTC Shiba Inu Started the New Week with Hope: Price Increase and Investor Expectations 👈👈
Shiba Inu (SHIB) made a clean start to the new week with a major reset in important growth indicators. According to data, SHIB price increased by 0.98% in the last 24 hours to $0.00002487. This slight recovery follows the decline experienced over the weekend.
The main target of Shiba Inu traders is to surpass the $0.00003 level. The combustion rate is seen as the first main catalyst to achieve this goal. Over the last few months, the cremation rate has received a lot of attention within the community. According to Shibburn data, at the time of writing, the cremation rate is at 7,128,803 SHIB, an increase of 164.94%. Although the amount of SHIB burned per day is small, this shows that the community supports the project and is making efforts to reduce the supply.
Secondly, it is necessary to closely monitor the sentiment of retail investors on the market this week. If the Shiba Inu is to reach the expected price level, it is important that trading volume remains high throughout the week. Currently, daily trading volume is at $363,490,960, down 4.12%. How this situation changes in the coming days could be critical for SHIB to continue its growth.
Finally, SHIB whale activity is also important to provide a weekly growth record. Shiba Inu whales are currently showing low activity; According to IntoTheBlock data, there was a 36.96% decrease in this metric. Only about $29.93 million was traded in 24 hours, which is quite low compared to the $1.16 billion whale transaction volume of cryptocurrencies like Dogecoin.
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