Shiba Inu Burn Rate Explodes 1,842% Higher: Is SHIB Oversold?
Posted On February 14, 2025
Shiba Inu (CRYPTO: SHIB) continues its aggressive token burn strategy, aiming to reduce supply and drive price appreciation.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Shiba Inu (CRYPTO: SHIB) | $0.00001646 | $9.7 billion | +1.5% | +7.7% |
| Dogecoin (CRYPTO: DOGE) | $0.2678 | $39.7 billion | +4.4% | +5% |
| Pepe (CRYPTO: PEPE) | $0.00001013 | $4.3 billion | +4.4% | +6.5% |
Trader Notes: ‘Dogecoin millionaire’ Glauber Contessoto warns that the crypto market has become oversaturated with new meme coin launches, making it chaotic and difficult to navigate.
He believes early strategies of holding DOGE and SHIB were simpler, but …
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