More than 94 million Shiba Inu (SHIB) coins have been burned in the past 24 hours through 16 transactions, according to data by Shibburn. The latest burning comes as the price of the world’s 16th largest cryptocurrency surged more than 20% in the last 24 hours. The SHIB burn rate, however, is currently down by over 56%.
Moreover Shiba Inu (SHIB) has seen its price rise 21.81% in the last 24 hours and is currently trading at $0.000009846.Earlier, SHIB surpassed Wrapped Bitcoin to become the 14th largest cryptocurrency, however, it’s the 16th largest as of now. Its market value currently is $5.405 billion. Shiba Inu could reach $5 by 2050.
Data has revealed that Shiba Inu surpasses Wrapped Bitcoin to become world’s 14th largest crypto.The market capitalisation of the meme-based cryptocurrency is presently over $5.769 billion. Earlier in the day, SHIB was ranked as the world’s 17th largest cryptocurrency. SHIB has managed to shed a zero from its price after spiking from $0.000008 to $0.00001.
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