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Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction Coingape 11 Agt 2024

Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction 📉

Shiba Inu price dropped by 4% to $0.00001342 on Sunday, following Bitcoin's decline below the crucial $60,000 support level. This renewed selling pressure led to declines across major altcoins, significantly affecting the meme cryptocurrency sector due to its inherent volatility and speculative trading nature. The sell-off resulted in SHIB reversing from its multi-month resistance level, signaling potential risks moving forward. Despite a significant 3500% increase in the SHIB burn rate, the token's price correction could not be halted. This price movement highlights the vulnerabilities facing meme cryptocurrencies like SHIB, which are heavily influenced by the overall cryptocurrency market trends and investor sentiment.

Sumber: coingape.com ↗

Artikel Serupa (151)

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Shiba Inu Burn Rate Explodes by 140,000% with New Shibarium Mechanism
Shiba Inu Coin Sees 200% Surge in Burn Rate Despite Price Dip: What’s Next? Coinotag 07 Sep 2024
Shiba Inu Coin Sees 200% Surge in Burn Rate Despite Price Dip: What’s Next?
Shiba Inu Burn Rate Skyrockets 700%, Setting Stage for Potential 30% Price Surge Coinotag 23 Sep 2024
Shiba Inu Burn Rate Skyrockets 700%, Setting Stage for Potential 30% Price Surge
Shiba Inu (SHIB) Burn Portal Launch Boosts Burn Rate by 43% in 24 Hours Coinotag 17 Agt 2024
Shiba Inu (SHIB) Burn Portal Launch Boosts Burn Rate by 43% in 24 Hours
Shiba Inu’s SHIB Surge: ShibTorch Ignites Automatic Burn on Shibarium Coinotag 16 Agt 2024
Shiba Inu’s SHIB Surge: ShibTorch Ignites Automatic Burn on Shibarium
Can Shiba Inu’s Recent Burn Spike Indicate Possible Price Rally Amid Historical Trends? Coinotag 2 minggu yang lalu
Can Shiba Inu’s Recent Burn Spike Indicate Possible Price Rally Amid Historical Trends?
Shiba Inu Launches Shib Torch Burn Portal, Boosts SHIB Burn Rate by 44% Coinotag 17 Agt 2024
Shiba Inu Launches Shib Torch Burn Portal, Boosts SHIB Burn Rate by 44%
Shiba Inu (SHIB) Sees 404% Burn Rate Surge: A Trend Reversal on the Horizon? Coinotag 06 Sep 2024
Shiba Inu (SHIB) Sees 404% Burn Rate Surge: A Trend Reversal on the Horizon?