1. Introduction:
Shiba Inus price may explode on April 1 and if you watch
this article, you will find out exactly
why. If you have any interest in Shiba Inu or you hold any SHIB tokens, then
you can’t afford to miss this article.
So what is the latest Shiba Inu Coin news and how will all of this affect the
value of Shiba Inu in today’s article? I
will be answering these questions and I’m going to be telling you all of the
price-boosting information that has just come out about Shiba Inu. I have put a
lot of research into this article, so
make sure you watch until the end to not miss out on any information.
2. Current Price
Analysis:
Before we get to our topic, let’s take a look at the chart
and see what the price of Shiba is doing on the third or 1 March, shall we?
Shiba Inu’s price today is around 3026 units. Shibs price is down 1% in the
last 24 hours with a 24-hour trading volume of $640 million. The token also
currently has a market cap of over $17.8 billion, ranking it as the 13th most
valuable cryptocurrency. Please keep in mind these prices might have changed by
the time you watch this article. This
content is not financial advice.
3. Surge in Burn
Rate:
Shiba Inu burn rate sees massive 17,000% surge – how much
Shib was burned? The Shiba Inu burn rate is again on the rise with the burn
tracking website Shiburn highlighting the massive surge in the last 24 hours.
This is undoubtedly a welcome development as it could positively impact Shib’s
price, which has made a decent recovery lately.
4. Shibarium and
Network Activity:
Time for Shibarium to pick up again – Layer two network
Shibarium looks to be the answer to ensuring a sustained increase in the Shib
burn rate. For context, Shibarium single-handedly contributed to over 33.8
billion Shib tokens burned in December 2023. Meanwhile, before then, the only
time the monthly Shib burns crossed the 10 billion mark was in May 2023.
Shibarium’s importance is why much effort continues to be put into ensuring
that network activity there picks up.
5. Shiba Inu Price
Prediction:
This is why Shiba Inu is poised for a 16% rally – Shiba Inu
witnessed a good start to the month of March as it charted new 2024 highs, but
this did not last long. Following corrections and recovery, the meme coin is
now at a crucial price which will likely rally for this reason.
6. Outlook for
April:
What April holds for Shiba Inu based on historical trends –
Shiba Inu, the meme-inspired cryptocurrency, has experienced a surge of
approximately 150% in March 2024. This impressive rally marks one of its most
successful months in recent years, propelling the price above 3000 units per
token, a level not seen since February 2022.
7. Conclusion and
Call to Action:
Many of our subscribers comment that they are not going to sell
Shib for the next five years and hold millions of them because they believe in
the Shiba Inu developers and the real-world value of Shib. How many are you
guys holding? Don’t forget to list your Shib holdings in the comment section
below. Let’s praise the Shib holder for trusting and believing in the process.
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up.
