2024-10-12 22:00 |
Can Shiba Inu’s Burn Strategy Stage a Comeback?
Shiba Inu (SHIB) trades at $0.00001722 showing a 4.95% drop over the past day. Additionally, the 24-hour daily trading volume has shrunk by 29%.
Despite the recent acts of the Shiba Inu team to burn SHIB tokens to boost Shiba Inu’s value, the meme coin hasn’t achieved the wide range of success anticipated.
Nevertheless, experts are positive that Shiba Inu will see many green days before the end of the year. Some even anticipate a new ATH by 2025. However, if SHIB’s decline persists, holders may sell off their bags, triggering more bearish sentiments.
Big Investors Bet Big on Dogecoin’s ComebackToday, Dogecoin is valued at $0.113. This reflects an increase of over 2% in the last day. Dogecoin’s rise comes as cryptocurrency whales swooped in to acquire more than $100 million Dogecoin in just a single day, hinting at potential positive trends for the token’s valuation.
Dogecoin Holders have confirmed that these patterns preceded Dogecoin’s booms in 2017 and 2021. This is why they believe that Dogecoin could go even higher than the previous all-time high of $ 0.7316 and possibly get to $1.
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