Shiba Inu burn rate spikes 7,700%, over half billion SHIB sent to dead wallets
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The Shiba Inu price reached a two-month high of $0.00000825 on Oct. 26 as the market saw a bullish comeback. Shiba Inu had some profit-taking following this high, with prices falling to $0.00000757 on Oct. 27.On Oct. 28, the Shiba Inu price recovered and continued to increase in early Sunday trading. SHIB was up 3.29% in the last 24 hours to $0.00000807 and 15.40% in the past seven days at the time of writing.SHIB has been steadily rising since Oct. 19, when it hit lows of $0.0000066.
With this accomplishment, SHIB is once again approaching a price target that could ignite its next big move. Shiba Inu bulls must now overcome the daily MA 200 barrier at $0.00000823 to extend the current surge. If this is overcome, Shiba Inu may launch a new move aiming for the $0.00001134 level.relays an exciting message regarding the forthcoming unveiling of the SHIB identity, telling the community to brace themselves for a seismic shift in the blockchain world.
Shiba Inu announced its"good surprise" to its community, stating that the first step toward unlocking a unique SHIB identity was on the horizon. As the countdown to the reveal begins, it also announces a $5,000 SHIB giveaway., self-sovereign identity is a series of protocols and technologies that allow a user in a system to retain their identity as well as their assets in a wallet.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.
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