Does SHIB have a future? The bull market has entered the mid-stage, and the meme token SHIB, which is themed with dogs, has exploded again due to the soaring burn rate. The latest data shows that the burn rate of SHIB has skyrocketed by 1068%, directly reducing a large amount of supply, and investors' bullish sentiment towards it continues to rise. Will the future of SHIB really meet the market's expectations of a possible doubling in price? Skyrocketing burn rate: Significant reduction in SHIB supply According to the latest data from Shibburn, the burn rate of SHIB surged by 1068% in the intraday, meaning that a large number of SHIB tokens were permanently destroyed. This destruction directly led to 51.76 million SHIB tokens being transferred to empty addresses and disappearing forever from the circulation market. The weekly data is also impressive: In the past week, a total of 2.44 billion SHIB tokens were burned, and the total supply on the market has been reduced to 5.8925 trillion. Strengthening supply and demand relationship: The reduction in supply directly improves the market's supply and demand dynamics, which further enhances investors' confidence in SHIB. On-chain data boost: Shibarium performance is eye-catching. Not only has the burn rate surged, but Shibarium, the second-layer network of Shiba Inu Coin, has also brought positive signals to the market: Increased user activity: Since the launch of Shibarium 16 months ago, 2 million wallet addresses have been registered on the chain, and network activity has significantly increased. Continuous burn effect: With Shibarium's frequent activities, the burn rate of SHIB is also constantly increasing. These on-chain data undoubtedly add more momentum to the long-term development of SHIB. Price performance: Under short-term pressure, but bullish in the future. Despite the skyrocketing burn rate, the price of SHIB has still fallen by 15%, currently at 0.0000266. From the weekly chart, it still rose by 16%, demonstrating strong anti-fall ability. Large holder concentration: key to price support Latest data shows that the concentration of large holders remains at 73%. This means that in the circulating market of SHIB, the vast majority of chips are firmly held in the hands of 'whales', and short-term price fluctuations are more influenced by emotions. Technical signal: 100% price increase possibility? According to CoinGape's analysis, the on-chain activities and market sentiment of Shiba Inu coin show clear bullish signals. Combined with the reduction in supply and stable whale holdings, the possibility of doubling the future price is gradually accumulating. Operation layout shib Entry position 0.000023-24 Target position 28-33-40-58-80
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Does SHIB have a future?
The bull market has entered the mid-stage, and the meme token SHIB, which is themed with dogs, has exploded again due to the soaring burn rate. The latest data shows that the burn rate of SHIB has skyrocketed by 1068%, directly reducing a large amount of supply, and investors' bullish sentiment towards it continues to rise. Will the future of SHIB really meet the market's expectations of a possible doubling in price? Skyrocketing burn rate: Significant reduction in SHIB supply According to the latest data from Shibburn, the burn rate of SHIB surged by 1068% in the intraday, meaning that a large number of SHIB tokens were permanently destroyed. This destruction directly led to 51.76 million SHIB tokens being transferred to empty addresses and disappearing forever from the circulation market. The weekly data is also impressive: In the past week, a total of 2.44 billion SHIB tokens were burned, and the total supply on the market has been reduced to 5.8925 trillion. Strengthening supply and demand relationship: The reduction in supply directly improves the market's supply and demand dynamics, which further enhances investors' confidence in SHIB. On-chain data boost: Shibarium performance is eye-catching. Not only has the burn rate surged, but Shibarium, the second-layer network of Shiba Inu Coin, has also brought positive signals to the market: Increased user activity: Since the launch of Shibarium 16 months ago, 2 million wallet addresses have been registered on the chain, and network activity has significantly increased. Continuous burn effect: With Shibarium's frequent activities, the burn rate of SHIB is also constantly increasing. These on-chain data undoubtedly add more momentum to the long-term development of SHIB. Price performance: Under short-term pressure, but bullish in the future. Despite the skyrocketing burn rate, the price of SHIB has still fallen by 15%, currently at 0.0000266.
From the weekly chart, it still rose by 16%, demonstrating strong anti-fall ability. Large holder concentration: key to price support Latest data shows that the concentration of large holders remains at 73%. This means that in the circulating market of SHIB, the vast majority of chips are firmly held in the hands of 'whales', and short-term price fluctuations are more influenced by emotions. Technical signal: 100% price increase possibility? According to CoinGape's analysis, the on-chain activities and market sentiment of Shiba Inu coin show clear bullish signals. Combined with the reduction in supply and stable whale holdings, the possibility of doubling the future price is gradually accumulating.
Operation layout
shib
Entry position 0.000023-24
Target position 28-33-40-58-80