{"id":604066,"date":"2024-04-20T00:00:35","date_gmt":"2024-04-20T00:00:35","guid":{"rendered":"https:\/\/ktsl888.com\/?p=604066"},"modified":"2024-06-11T07:02:25","modified_gmt":"2024-06-11T07:02:25","slug":"shiba-inu-burn-rate-81-decrease","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-81-decrease\/","title":{"rendered":"Shiba Inu Burn Rate Sees 81% Daily Increase, But Why Is Participation Low?"},"content":{"rendered":"

The Shiba Inu burn rate<\/a> has seen another daily increase, which is a welcome development for the community. However, the figures being burned paint another picture, especially when it comes to participation from Shiba Inu holders in the SHIB burning initiative.<\/p>\n

Shiba Inu Burn Rate Rises 81%<\/h2>\n

The Shiba Inu daily burn rate saw a significant uptick, rising an impressive 81% in a single day. While this surge is a positive for the meme coin, the number of tokens burned to cause this surge are far from impressive.<\/p>\n

Related Reading: Goldman Sachs On Bitcoin Halving: \u2018It doesn\u2019t Matter If It\u2019s A Buy The Rumor, Sell The News Event\u2019<\/a><\/div>\n

According to data<\/a> from the Shiba Inu burn tracking website Shibburn, a total of 4.64 million SHIB tokens were burned in the last day<\/a>. To put this in perspective, the total value of the tokens burned for the day is around $105.<\/p>\n

Additionally, given that this constitutes an 81% increase, it means an even smaller amount of tokens were burned the prior day. Shibburn\u2019s records show that the previous day saw a total of 1.9 million tokens burned, which is around $45 worth of coins.<\/p>\n

This drastic decline in the number of coins being burned on a daily basis suggests muted participation from investors. This could be directly tied to Shiba Inu\u2019s price<\/a> struggle over the last few weeks, which has seen investors take a more conservative stance to protect their positions.<\/p>\n

SHIB Price Crashes 21%<\/h2>\n

The Shiba Inu burn rate is not the only thing that has been seeing a decline in the last week, its price has also taken a hit. According to data<\/a> from the token tracking platform Coinmarketcap, the Shiba Inu price is down 15% in the last week alone.<\/p>\n

Related Reading: Here\u2019s What Would Happen If The Bitcoin Price Fell Below $58,000<\/a><\/div>\n

As a result of this 15% decline, the SHIB price<\/a> has now dropped to $0.000023, which also represents a 50% drop from its March peak of $0.000044. However, its daily trading volume has seen a bullish reversal, rising 12% in the last day to $645 million. A rise in volume can often signal a return in interest to a cryptocurrency. If this is the case, then the Shiba Inu price<\/a> may be headed for a reversal as investors start to place their bets once more.<\/p>\n

At the time of writing, the SHIB price <\/a>is still trending at $0.0000228, showing small daily gains of 4%. However, despite the negative headwinds the meme coin has experienced, it continues to maintain a market cap above $13.5 billion, which makes it the 11th-largest cryptocurrency in the market, ahead of the likes of Avalanche and Polkadot.<\/p>\n

\"Shiba<\/p>\n

SHIB price at $0.0000228 | Source: SHIBUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Bitcoin News, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Shiba Inu burn rate has seen another daily increase, which is a welcome development for the community. However, the figures being burned paint another picture, especially when it comes to participation from Shiba Inu holders in the SHIB burning initiative. Shiba Inu Burn Rate Rises 81% The Shiba Inu daily burn rate saw a significant uptick, rising an impressive 81% in a single day. While this surge is a positive for the meme coin, the number of tokens burned to cause this surge are far from impressive. Related Reading: Goldman Sachs On Bitcoin Halving: \u2018It doesn\u2019t Matter If It\u2019s A Buy The Rumor, Sell The News Event\u2019 According to data from the Shiba Inu burn tracking website Shibburn, a total of 4.64 million SHIB tokens were burned in the last day. To put this in perspective, the total value of the tokens burned for the day is around $105. Additionally, given that this constitutes an 81% increase, it means an even smaller amount of tokens were burned the prior day. Shibburn\u2019s records show that the previous day saw a total of 1.9 million tokens burned, which is around $45 worth of coins. This drastic decline in the number of coins being burned on a daily basis suggests muted participation from investors. This could be directly tied to Shiba Inu\u2019s price struggle over the last few weeks, which has seen investors take a more conservative stance to protect their positions. SHIB Price Crashes 21% The Shiba Inu burn rate is not the only thing that has been seeing a decline in the last week, its price has also taken a hit. According to data from the token tracking platform Coinmarketcap, the Shiba Inu price is down 15% in the last week alone. Related Reading: Here\u2019s What Would Happen If The Bitcoin Price Fell Below $58,000 As a result of this 15% decline, the SHIB price has now dropped to $0.000023, which also represents a 50% drop from its March peak of $0.000044. However, its daily trading volume has seen a bullish reversal, rising 12% in the last day to $645 million. A rise in volume can often signal a return in interest to a cryptocurrency. If this is the case, then the Shiba Inu price may be headed for a reversal as investors start to place their bets once more. At the time of writing, the SHIB price is still trending at $0.0000228, showing small daily gains of 4%. However, despite the negative headwinds the meme coin has experienced, it continues to maintain a market cap above $13.5 billion, which makes it the 11th-largest cryptocurrency in the market, ahead of the likes of Avalanche and Polkadot. SHIB price at $0.0000228 | Source: SHIBUSDT on Tradingview.com Featured image from Bitcoin News, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":604076,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83668,86002,89178,92123,83667,89157,86437,84562,84558],"class_list":["post-604066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shib-burn","tag-shib-news","tag-shib-price-shiba-inu-burn","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nShiba Inu Burn Rate Sees 81% Daily Increase, But Why Is Participation Low?<\/title>\n<meta name=\"description\" content=\"The Shiba Inu burn rate has seen another daily increase, which is a welcome 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Burn Rate Sees 81% Daily Increase, But Why Is Participation Low?","url":"http:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-81-decrease\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-burn-rate-81-decrease\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/Shiba-Inu-burn.jpeg?resize=200%2C168","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/Shiba-Inu-burn.jpeg?fit=300%2C168"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["shib","shib burn","shib news","shib price shiba inu burn","shiba inu","shiba inu news","shiba inu price","shibusd","shibusdt"],"dateCreated":"2024-04-20T00:00:35Z","datePublished":"2024-04-20T00:00:35Z","dateModified":"2024-06-11T07:02:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Burn Rate Sees 81% Daily Increase, But Why Is Participation Low?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-burn-rate-81-decrease\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-burn-rate-81-decrease\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Shiba-Inu-burn.jpeg?resize=200%2C168\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Shiba-Inu-burn.jpeg?fit=300%2C168\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"shib\",\"shib burn\",\"shib news\",\"shib price shiba inu burn\",\"shiba inu\",\"shiba inu news\",\"shiba inu price\",\"shibusd\",\"shibusdt\"],\"dateCreated\":\"2024-04-20T00:00:35Z\",\"datePublished\":\"2024-04-20T00:00:35Z\",\"dateModified\":\"2024-06-11T07:02:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/Shiba-Inu-burn.jpeg?fit=300%2C168","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/604066"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=604066"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/604066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/604076"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=604066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=604066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=604066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}