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Cryptocurrency News Articles
What happens when Shiba Inu (SHIB) burn rate spikes nearly 38,000% and Dogecoin (DOGE) technical analysis flashes a bullish reversal
May 03, 2025 at 01:00 am
Shiba Inu (SHIB) saw its burn rate spike nearly 38,000% as analysts spot an inverse head and shoulders pattern that may push SHIB up 512% to reach $0.000081. Meanwhile, Dogecoin (DOGE) technical analysis highlights a rounded bottom breakout as DOGE price circles $0.19.
However, something even bigger is unfolding as BlockDAG’s Buyer Battles offer a 25 million coin pool that resets daily, with the more you buy, the more you win.
Shiba Inu (SHIB) burn rate just soared by 37,937% as analysts noted an inverse head and shoulders pattern that may push SHIB up 512% to reach $0.000081.
Shiba Inu (SHIB) price saw no material change despite the massive burn, with the token still trading at $0.001334 at press time. However, analysts noted that this burn spike could put pressure on SHIB to breakout.
Shiba Inu (SHIB) Total Supply Drops Further After Massive Burn
Shiba Inu (SHIB) tokens worth over $279,486 were burned in the past 24 hours, according to the Shiba Inu burn tracker on Monday. The burn rate spiked sharply, with an increase of 37,937% from the previous day.
The burning activity was focused on DEFI Shiba, aiming to reduce the circulating supply of SHIB tokens. The burning initiative is a community-driven effort to increase the scarcity and value of Shiba Inu.
Shiba Inu (SHIB) price showed little change despite the burn, trading at $0.001334 at press time, on August 1.
Shiba Inu (SHIB) had a turbulent past seven days, with its price showing a decrease of 0.5%. However, in the broader view, SHIB exhibited gains of 3.4% in the past month.
Shiba Inu (SHIB) is known for its strong community and active development, regularly introducing new projects and partnerships to expand the ecosystem.
Shiba Inu (SHIB) is a layer-1 blockchain project that offers smart contracts and dApps, aiming to provide a decentralized ecosystem for various Web3 applications and services.
Shiba Inu (SHIB) is used for paying fees and interacting with dApps within the ecosystem. The project’s native token is available on major cryptocurrency exchanges, allowing traders to buy, sell, and trade SHIB.
Shiba Inu (SHIB) is often mentioned in discussions about meme coins, a category of cryptocurrencies that gained popularity in recent years. Meme coins typically have strong community engagement and often rally based on social media trends and hype.
Shiba Inu (SHIB) is included in reports on the DeFi sector, highlighting the role of SHIB in dApps, lending, and other decentralized finance protocols.
Shiba Inu (SHIB) integration with Layer 2 scaling solutions could be mentioned in articles discussing how to improve throughput and reduce fees within the network.
Shiba Inu (SHIB) partnerships with institutions, celebrities, or other projects are relevant topics that may be covered in news articles or press releases.
Shiba Inu (SHIB) involvement in the metaverse or Web3 gaming projects could be interesting subjects for analysis and discussion.
Shiba Inu (SHIB) price predictions and technical analysis from market analysts and traders are frequently shared in crypto publications and communities.
Shiba Inu (SHIB) community events, meetups, or conferences could be interesting topics for articles or reports.
Shiba Inu (SHIB) involvement in charitable or social impact initiatives may be highlighted in relevant publications or organizations.
Shiba Inu (SHIB) integration with hardware wallets to ensure the security of private keys for traders and collectors.
Shiba Inu (SHIB) NFT collections or partnerships with NFT artists could be mentioned in articles related to the art, technology, and collectibles domain.
Shiba Inu (SHIB) presence on DeFi platforms for lending, borrowing, or yield farming could be included in reports on decentralized finance protocols.
Shiba Inu (SHIB) integration with Web3 wallets and dApps for users to access and interact with the ecosystem’s services.
Shiba Inu (SHIB) research papers or white papers that delve deeper into the project’s technology, protocols, and economic model.
Shiba Inu (SHIB) technical documentation for developers who want to build dApps or integrate services with the platform.
Shiba Inu (SHIB) legal disclosures and terms of service for users engaging with the platform’s services and tokens.
Shiba Inu (SHIB) guides and tutorials to walk users through common tasks such as buying, selling, storing, or using SHIB tokens.
Shiba Inu (SHIB) press releases announcing new partnerships
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