• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Friday, June 13, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Shiba Inu Burn Surge Sparks Hope

Is SHIB’s Bear Market Nearing an End After Burn Spike?

Jordan Avery by Jordan Avery
January 24, 2025
in Featured, News
Reading Time: 3 mins read
0
Share on TwitterShare on Facebook

Introduction

“Shiba Inu (SHIB) has been making waves recently as its burn rate skyrocketed by an incredible 612%, with over 3.2 million tokens permanently removed from circulation. However, after falling over 20% in the past week, SHIB’s downward trend seems to be slowing down as the token approaches an important support level of $0.0000197. So, let’s break it down to see if SHIB might be ready for a comeback.

Burn Rate Surge: A Sign of Hope?

SHIB’s burn rate has spiked, showing that the community is working hard to reduce the token supply and boost its value. Over 3.2 million SHIB tokens were burned in just 24 hours, meaning they were taken out of circulation forever. This helps create scarcity, which can increase the token’s value over time if more people want to buy it.

However, burning tokens doesn’t immediately push up the price. For the burn to make a big impact, more people need to start buying and holding SHIB. This burn rate surge is a positive sign, but its success depends on whether new buyers step into the market.

Bearish Momentum Slows Down

SHIB’s bearish trend seems to be losing strength. This is shown by changes in market data, where fewer people are betting on SHIB’s price dropping. At the same time, SHIB is nearing its key support level of $0.0000197. Support levels are like safety nets that can slow or stop price drops and sometimes even lead to a rebound.

shiba
Source: TradingView

But this doesn’t mean SHIB’s price will bounce back right away. For SHIB to recover significantly, there needs to be a mix of lower selling, higher demand, and the continued impact of token burns.

Can Token Burns Save Shiba Inu?

The SHIB community is relying heavily on token burns to fight price drops. By removing tokens from circulation, burns make the remaining tokens more valuable—at least in theory. The recent burn rate increase of 612% shows the community’s strong effort, but burns alone can’t fix everything. For the burns to truly help, there needs to be a lot more interest in SHIB. If SHIB can stay above its key support level of $0.0000197, it might stabilize or even start to climb again. However, if it falls below this level, SHIB could face further price drops.

What’s Next for Shiba Inu?

Right now, SHIB is at a critical point. Its burn rate is at record highs, and the selling pressure is easing, but its future depends on whether more people start buying it. If SHIB can hold its support level, it might begin to stabilize or recover. For now, SHIB remains a risky investment with the potential for both gains and losses. Investors should watch market trends, trading volume, and whether SHIB holds its current support level in the coming days.

 

Tags: Bearish TrendsCrypto CommunityCrypto Investmentcrypto support levelsCrypto TradingCryptocurrency NewsDeFiMarket Analysismemecoin recoveryprice reboundSHIB burn rateSHIB priceSHIB updateShiba InuToken burntoken scarcity
Previous Post

Skyren DAO Presale Outpaces Ethereum Price Predictions with Innovative Airdrop Token

Next Post

Will Dogwifhat (WIF) Skyrocket

Related Posts

Market Analysis

XRP Price Prediction: Is History About to Repeat Itself?

June 9, 2025
Featured

Zhao DEX Could Challenge HyperLiquid

June 8, 2025
Featured

Trump vs Elon Musk: Dogecoin Tumbles on Market Fear

June 7, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes
News

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
Featured

Dow Rises, Tesla Drops After Musk-Trump Feud

June 5, 2025
Can XRP Hit $5? Technicals and Whales Say Yes
Market Analysis

Can XRP Hit $5? Technicals and Whales Say Yes

June 4, 2025

Press Releases

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes
News

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

by Alex Mercer
June 6, 2025

Introduction When Donald Trump and Elon Musk get into a digital brawl, you know something's about to break—and this time,...

Read more
Binance Beats SEC—Crypto Cheers the Legal Victory

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

May 25, 2025
Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

May 23, 2025
Dogecoin’s Ready to Bark Again—Could $0.30 Be the Next Fetch?

Dogecoin Ready to Bark Again—Could $0.30 Be Next

May 20, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier