welcome
CoinGape

CoinGape

Business

Business & Economics

Shiba Inu Burn Rate Soars By 1000%; What's Next For SHIB Price?

CoinGape
Summary
Nutrition label

65% Informative

meme coin Shiba Inu burn rate has again witnessed a remarkable surge on Friday , up roughly 1000% .

Recent data indicated that over 6 million coins were permanently removed from the asset’s market supply.

Market watchers expect a potential upswing despite the demand remaining the same.

The introduction of ShibOS, a blockchain-based operating system, has emerged as a revolutionary action in the Web3 space.

At the time of reporting, SHIB price witnessed a gain of slightly over 1% .

VR Score

47

Informative language

37

Neutral language

19

Article tone

formal

Language

English

Language complexity

46

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links