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The Shiba Inu network burned 82 million SHIB in one day, Why Healix Protocol is Thriving?

Jordan Avery by Jordan Avery
May 7, 2024
in Press Releases
Reading Time: 4 mins read
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Over the past 24 hours, more than 82 million SHIB tokens have been burned on the Shiba Inu network, raising the burn rate to 4111%. Let’s figure out what this means for the value of cryptocurrency. Meanwhile, Healix Protocol stands at the forefront of a healthcare revolution, offering a decentralized platform fueled by blockchain ingenuity. Its mission? To break down barriers, empower patients, and usher in a new era of healthcare excellence driven by transparency, accessibility, and collaboration.

How many tokens are burned in the Shiba Inu network?

According to the Shibburn service , which tracks when and how many tokens are burned in the Shiba Inu network, 82 million SHIB tokens were burned over the past 24 hours, and the burn rate exceeded 4000%.

Sometimes tokens burn out accidentally. In April 2024, for example, almost SHIB 1.7 billion was burned in this way. This happens when users accidentally send SHIB to a Contract Address.

shiba inu-shib burn
Shibburn

After the last burn, the total number of SHIB tokens destroyed exceeded 410 trillion, which is almost half of the original emission volume. Currently, there are approximately SHIB 589 trillion remaining in circulation.

What will happen to the Shiba Inu price?

The 82 million SHIB burned over the past 24 hours are worth approximately $2,035. Such amounts cannot significantly affect the value of the token. However, community members hope that accelerated combustion will spur deflationary processes in the ecosystem and contribute to rising prices. However, the VR Soldier analysis suggested a possible 15% increase in SHIB with a target of $0.00002625. Having reached this level, the price corrected by 4% as part of the overall market volatility.

SHIBA INU-SHIB-PRICE-SURGE

However, the chart shows that SHIB is forming an inverted head and shoulders pattern. A break through the neckline will cause the token to rise by 24% to $0.00003103. If the pattern does not work, SHIB may return to the key support area of ​​$0.00002349.

The Thrilling Mechanics Behind Healix Protocol’s Success

Unlocking the potential of Healix Protocol unveils a world of unparalleled possibilities:

healixprotocol

Patient Power Unleashed with Healix

Imagine a world where patients wield control over their health data like never before. With Healix Protocol, this becomes reality. Patients become the guardians of their medical history, securely managing records, treatments, and diagnoses on a blockchain canvas. Meanwhile, this newfound ownership ensures data integrity, privacy, and seamless sharing with trusted healthcare providers at the tap of a finger. Bid farewell to the days of fragmented healthcare systems.

Healix Protocol stitches together a tapestry of interoperability, where healthcare data flows effortlessly across providers and platforms. This harmonious exchange enhances care coordination, slashes medical errors, and orchestrates symphonies of improved patient outcomes.

Fortress of Data Security

In an age riddled with cyber threats, safeguarding sensitive health data is paramount. Healix Protocol fortifies this fortress with blockchain’s impenetrable armor. Moreover, through robust encryption and decentralized storage, patient information becomes impervious to breaches, ensuring peace of mind and confidentiality in a digital world fraught with peril.

healix

Picture a vibrant ecosystem where participation is not just encouraged but rewarded. Healix Protocol’s native token economy transforms data sharing into a thrilling adventure. Patients earn tokens by contributing anonymized health insights, while providers and researchers reap rewards for enriching the platform with valuable knowledge. This virtuous cycle fuels innovation, collaboration, and a relentless pursuit of healthcare excellence.

Tags: Blockchain in healthcareDecentralized healthcareHealix ProtocolPatient empowermentprice analysisSHIB token burnShiba Inu
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