Breaking Crypto News | SHIB Rise Continues as Burn Rate Hits Triple Digits

Altcoins, Ripple, XRP
Shiba Inu (SHIB) Rise Continues as Burn Rate Hits Triple Digits
Shiba Inu, Dogecoin and other assets are getting enough support to stay afloat but not move forward

Click link https://u.today/shiba-inu-shib-rise-continues-as-burn-rate-hits-triple-digits-crypto-market-review-jan-23 to read the original text on U.Today ( News, Price Analysis, Trading Guide, Crypto )
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As cryptocurrency investors take a wait-and-see approach to the market, the majority of assets are slowly entering local consolidation channels that might act as a temporary cool off before the volatility returns to markets. Shiba Inu battles resistance Despite the deceleration of the rally on Shiba Inu, the meme asset could still be aiming at a further recovery following the increased amount of Shiba Inu that gets destroyed on the market daily. Additionally, users are becoming more confident about the launch of the Shibarium project that should bring more fundamental value to the network.
From a market perspective, Shiba Inu acts as one of the best risk exposure tools in the cryptocurrency industry. SHIB’s volatility has always attracted short- and midterm retail traders and investors who were trying to catch quick profit by utilizing SHIB’s enormous changeability.
Since the beginning of the rally, Shiba Inu gained more than 47% to its value in less than a month. Such explosive performance attracted the attention of the aforementioned investors and led to an increase in network activity, which directly affects the burn rate.
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