๐ฅ Even with a slight daily dip, the weekly SHIB burn rate exploded +533% (195M tokens gone forever)! Scarcity is rising, and value is building gradually ๐ถ๐ฅ The SHIB Army is stronger than ever Support the community: LIKE if you're a loyal holder ๐ and follow to stay connected! #SHIBArmy #MemeCoin #BurnSHIB
$SHIB Clip the belts now is the time for shib !!! ๐คฏ๐๐๐
The community sentiment is optimistic, as SHIB leads a meme coin rally with a 7.73% increase in 24 hours. On December 24, a NFT reimbursement plan "SHIB owes you" was launched for the bridge victims. Additionally, open interest rose by 20% on January 1, signaling renewed trading activity along with Shibarium's privacy improvements #SHIBA๐ #shib
Shiba Inu's burn rate jumps by 505% at Christmas while SHIB price remains stable
Shiba Inu (SHIB) saw its burn rate jump by 505% on Christmas Day, but the price of the meme coin remained flat, with traders wondering if this spike reflected true momentum or simply a holiday-related anomaly.
The burn tracker recorded 5,984,918 SHIB tokens removed from circulation in 24 hours.
SHIB traded around $0.00000719 on December 25 and closed the session slightly down.
The token showed no significant price reaction to this increase in the burn rate.
$1000PEPE ๐๐Key Facts Pepe's prediction suggests that it could break out of its all-time high. PEPE bounced off long-term horizontal and diagonal support. Pepe's prediction tells us that after its recent 85% surge this week, it is now just 4.6% away from its all-time high price.๐๐ธ๐
Traders are keeping an eye on Pepe's prediction to see if it's a good time to buy Pepe or if a smaller-cap alternative, like Pepe Unchained, may be a better option.
Pepe's Prediction: ETH Breakout Positions Pepe for Growth
Pepe's gains aren't over, rather they've just begun. Along with Shiba Inu, Pepe is a top meme coin on the Ethereum blockchain.
However, thanks to its recent nature and smaller market cap, it often mimics the price of Ethereum, except with more volatile swings in each direction.
That's the main reason why Pepe has been underperforming since June, shortly before Ethereum ETFs launched and its price plummeted.
However, the recent market rally, led by Bitcoin, has allowed ETH to start climbing again.
ETH just broke above $3,200 and is now heading towards its yearly high of $4,000. With ETH finally gaining momentum, Pepe has a strong tailwind for growth.