CandleFocus Shiba Inu (SHIB) Burn Rate Shoots up 647% as Price Rallies 13%
2024-09-26
Author: Content Editor
Shiba Inu (SHIB) has experienced a surge in metrics, including a 640% increase in burn rate and a 13% price rally in the past 24 hours. This has pushed SHIB to its highest price level in a month. The optimism around SHIB has been fueled by plans to introduce a stablecoin called SHI, pegged at $0.01, which aims to enhance stability and utility in the Shibarium ecosystem. The launch timeline for SHI remains unknown, but it has generated excitement among the community and is expected to support the growth of Shibarium dApps and projects. Overall, Shibarium has been preparing for a potential reboot after its previous hard fork, and is poised for further growth in the near future.
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