SHIB has achieved an astounding lifetime gain of 33,774,726% since its launch in 2020. This far surpasses Bitcoin's gains, which stand at 569,000%. As a result, SHIB's market cap has surged past $11 billion, demonstrating its growing significance in the cryptocurrency market.
In a recent surge, SHIB's price climbed by 5% to $0.00001909. Accompanying this price increase was a 32% rise in 24-hour trading volume, which reached $716.07 million, reflecting a strong interest from investors and traders.
Furthermore, SHIB's burn rate saw a massive increase of 450%, with 52 million tokens being burned in a 24-hour period. This reduction in supply is likely to impact the token's future scarcity and value positively.
Shibarium, the decentralized ecosystem associated with SHIB, experienced a remarkable growth in daily transactions, which surged by 13,500% in just one day. Finally, SHIB's Relative Strength Index (RSI) reached 70, indicating a potentially overbought condition and perhaps, a short-term correction ahead.
