In the ever-evolving world of cryptocurrencies, Shiba Inu ($SHIB) has recently seen notable fluctuations, capturing the attention of crypto enthusiasts. The current price of $SHIB stands at $0.00001124, reflecting a 2.50% increase in the past hour and a significant 14.63% surge over the last 24 hours.
The market cap has experienced a notable uptick, reaching $6,565,109,775, marking a 13.50% increase. The total supply of $SHIB is vast, amounting to 589,319,482,049,270 tokens.
HOURLY SHIB UPDATE$SHIB Price: $0.00001124 (1hr 2.50% ▲ | 24hr 14.63% ▲ )
Market Cap: $6,565,109,775 (13.50% ▲)
Total Supply: 589,319,482,049,270TOKENS BURNT
Past 24Hrs: 8,620,476,893 (15657836.41% ▲)
Past 7 Days: 8,774,691,706 (4.07% ▲)— Shibburn (@shibburn) December 16, 2023
A key metric that often draws attention in the $SHIB ecosystem is the tokens burnt. In the past 24 hours, an impressive 8,620,476,893 tokens have been burnt, showcasing a substantial 15657836.41% increase.
Over the past seven days, the burn rate remains noteworthy, with 8,774,691,706 tokens burnt, reflecting a 4.07% increase.
Shiba’s ShytoshiKusama Shares Further Insights On What To Expect
Delving deeper into the insights provided by Shiba’s ShytoshiKusama on X (formerly twitter) shows that several intriguing developments are on the horizon. Of course, the narrative revolves around the anticipation of billions of $SHIB undergoing a roasting process. This simply means more token burning is coming soon, which is coupled with promising Shibarium transactions that are gaining attention.
1/ As Billions of Shib prepare for roasting🔥 (yes, it is in progress), and Shibarium transactions are worthy of toasting 🥂… I continue to look forward to next week's announcement. Let's talk about it (continued)
— Shytoshi Kusama™ (@ShytoshiKusama) December 16, 2023
Furthermore, the upcoming week looks to hold a significant announcement as revealed in the tweet. Also, the discussion revolves around the impactful burns occurring through global adoption of the memecoin. Notably, the gradual adoption witnessed in 2023 lays the groundwork foundation. Thereby, prompting consideration of strategies to ensure perpetual worldwide adoption of $SHIB memecoin token.
As expected, this will involve fostering a network of decentralized leaders, early adopters, and individuals seeking a departure from the existing norms. Also, steering towards a new era of crypto, blockchain, and Web3 as Shiba Inu via its recent milestone is no longer being considered just a memecoin but way beyond that.
Finally, in the grand experiment known as Shiba Inu, its next partnership announcement will look to take the center stage. As revealed, it is poised to redefine the project’s scope. Thereby, potentially expanding its global influence and solidifying the SHIBARMY as a formidable community.
Lastly, the success of this endeavor hinges on the collective support and engagement of the community, marking a pivotal moment in Shiba Inu’s journey.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
Follow us on Twitter @thevrsoldier to stay updated with the latest Crypto, NFT, and Metaverse news!
Image Source: avirozen/123RF // Image Effects by Colorcinch
