‘Dogecoin Killer’ Shiba Inu Burn Rate Soars 6,750%: Watch This Indicator Potentially Kicking Off A 355% Rally, Says Trader
Posted On October 23, 2024
Shiba Inu (CRYPTO: SHIB) is gaining attention from traders after a dramatic rise in its burn rate and daily transactions.
What Happened: According to Shibburn data, Shiba Inu’s burn rate skyrocketed by 6,750.7%, led by a 27.1 million coin burn 15 hours ago. 400,000 more coins were burned in two separate transactions within the last 12 hours.
Crypto analyst Javon Marks highlighted a hidden bull divergence pattern in SHIB’s price chart, indicating potential for a significant upward movement. Despite the recent breakout, he maintains his target price for Shiba Inu …
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