SHIB Burn Rate Jumps 353% as Price Gains in Last 24 Hours

Dec 06,2022
SHIB Burn Rate Jumps 353% as Price Gains in Last 24 Hours

The scald rate of Shiba Inu has increased by 353% in the past 24 hours, maintaining the previous increase. According to Shibburn's website, 37957807 SHIBs were burned in the past 24 hours, which seems to be five times the previous day. At that time, only 8375655 SHIBs were burned.

In the past week, only 126 million tokens were burned, which is a small number. This week seems to have achieved excellent results. At the beginning of this week, more than 37 million SHIBs were lit.

At the time of issuance, SHIB changed hands at US $0.00000985, up 5.51% in the past 24 hours and 8.12% last week. The turnover of SHIB also increased by 65%. In the past 24 hours, SHIB of 1.94 billion US dollars was exchanged with each other, with the use value of 190 million US dollars.

SHIB price behavior

After rebounding from the bottom of US $0.0000081 on November 22, SHIB began to integrate within a certain range before trying to change its price. After the market closed higher on December 4, SHIB launched an attack at the timely gate where the MA 50 index value was 0.00001009 dollars every day.

Shiba Inu tried to raise this important threshold. Before a small adjustment, the maximum intraday touch was US $0.00001016. SHIB was then adjusted to the $0.000,009 range, where it now trades.

An increase of $0.000,010 will not only erase the additional zero of SHIB's price, but also increase it again.

Every day, RSI has tilted upward and exceeded 50 neutral levels, which may indicate that the two heads are ready to take action. However, given the bear market situation in the stock market since the beginning of 2022, the level of this measure is still unknown.

An increase of $0.000010 may lead to a further increase to $0.000011, or even $0.000012. On the other hand, from the current level of decline, it may be seen that SHIB continues to maintain at the level of $0.00009, because it has already generated a basic level. However, if the sales increase, the empty order may decline to $0.000081.