SHIB Burn Rate Surges 1,344% Amid Price Shift Speculation

In a significant development within the Shiba Inu (SHIB) ecosystem, the SHIB burn rate has skyrocketed by an astonishing 1,344%.

This remarkable increase in token-burning activity coincides with a pivotal moment for SHIB investors, as the price of the dog-themed cryptocurrency appears poised for a significant shift. Over the past 24 hours, 135,451,536 SHIB tokens were burned in 12 transactions, equating to $3,868.50 in monetary terms, marking a staggering 1,344.14% surge in the SHIB burn rate.

The timing of this surge in token burning aligns with mounting speculation surrounding Shiba Inu's price trajectory. Amid recent cooling-off periods in SHIB's price, investors are closely monitoring the market for indications of a potential breakout or notable price movement.

While the broader cryptocurrency market witnessed renewed bullish momentum over the weekend, with Bitcoin and other major cryptocurrencies reclaiming key resistance levels, SHIB also rallied for three consecutive days starting from April 6 before encountering profit-taking. At present, SHIB is down 1.83% in the last 24 hours, trading at $0.00002827. Notably, SHIB's next resistance lies between $0.000031 and $0.000036, with significant support observed between $0.000025 and $0.00027.

Shiba Eternity Unveils Operational First Edition: Lucie Promises Continued Momentum and Exciting Updates

Shiba Inu team member Lucie has provided an update from the Shiba Eternity team, reporting that the first edition of the Shiba Eternity project is operational with new updates. Lucie assures the community of continued momentum as Shiba Eternity introduces new features and refines the system. Expectations include exciting updates to kibbles and Shiboshis, alongside new cards and a breeding system for Shiboshis, with the play-to-earn version of Shiba Eternity drawing closer.