‘Dogecoin Killer’ Shiba Inu Burn Rate Surges 243%: What Is Going On?
Posted On December 31, 2024
Despite a 30% decline over the last 30 days, Shiba Inu (CRYPTO: SHIB) continues to see rising burn rates, prompting traders to focus on its critical support levels.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Shiba Inu (CRYPTO: SHIB) | $0.00002116 | $12.5 billion | -2.1% | -5.1% |
| Dogecoin (CRYPTO: DOGE) | $0.319 | $47 billion | -0.5% | -0.7% |
| Pepe (CRYPTO: PEPE) | $0.00001958 | $8.2 billion | +5.6% | +7.3% |
Trader Notes: Crypto chart analyst Ali Martinez highlighted SHIB’s significant support zone between $0.0000215 and $0.0000193.
A trader responding to the post suggested …
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