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Shiba Inu (SHIB) Finally Shakes off the Crypto Winter, Deleting a Zero

The crypto winter has been pelting many of the top cryptocurrencies with dodgeballs, and Shiba Inu has been no exception. However, having one of the broadest communities,...
Shiba Inu (SHIB) Finally Shakes off the Crypto Winter, Deleting a Zero Shiba Inu (SHIB) Finally Shakes off the Crypto Winter, Deleting a Zero

The crypto winter has been pelting many of the top cryptocurrencies with dodgeballs, and Shiba Inu has been no exception. However, having one of the broadest communities, Shiba Inu (SHIB) is expected to come back strong, and those very members of the SHIB Army are contributing to the cause.

Keep the Fire Blazing, Says Shib Army

One of the core reasons for the recent spike in Shiba Inu’s market price has been the regular burning of SHIB tokens, and the constant reminders from social media influencers like ‘Milkshake’ and ‘Shytoshi Kusama’ to set some coins ablaze and earn rewards in the Shiba Inu ecosystem’s governance token, $BONE.

Multiple Achievements in the Last 24 Hours

The last 24 hours have been flaming hot for Shiba Inu, as 98 million SHIB tokens were burned. The biggest burn transaction of the day involved 47,226,551 SHIB tokens. To date, more than half of the Shiba Inu (SHIB) tokens originally in circulation have been burned, with the intent that the shorter supply eventually reflects positively on the meme coin’s price.

The popular dog-themed meme coin has also made waves on Twitter (NYSE:TWTR), seeing #ShibaInu trend under the “Business & Finance” topic. Furthermore, Shiba Inu managed to climb the charts on both CoinMarketCap and CoinGecko, moving up to #14 position in each case, from 17th and 16th, respectively.

One factor that may have contributed to the increase in SHIB’s price are the tweets by Elon Musk. The world’s richest man, and a profound crypto ambassador, expressed his enduring support for Dogecoin (DOGE), and the news seemingly had a positive impact on SHIB too, as both dog-themed meme coins went on to record double digit gains over the past 7 days.

How Many Zeros Can Shiba Inu Chew up?

This crypto winter has seen many controversies and attempts to recover. As for SHIB, Social media is full of Shiba-related trending tags, such as #SHIBARMYSTAYSTRONG, #HODL, #TOTHEMOON. It’s evident that the asset’s strong community support, and their unassailable belief in the token has had a lot to do with Shiba Inu (SHIB) making it into the green, especially when many other cryptocurrencies have been left shoveling snow.

At press time, Shiba Inu (SHIB) is trading at $0.00000953, according to CoinGecko. That represents a 9.1% increase in the last 24 hours, and a 16.5% surge in the last 7 days. On the other hand, compared to a month ago, Shiba Inu (SHIB) is still down 19.9% in value, but the dog-themed token remains 54% up from its price at this exact time one year ago, proving itself worthy of long-term investment.

Continue reading on DailyCoin

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27-06-2022 06:00:34 (UTC+7)

EUR/USD

1.0565

+0.0010 (+0.10%)

Summary

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Indicators:

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EUR/USD

1.0565

+0.0010 (+0.10%)

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↑ Buy

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GBP/USD

1.2289

+0.0027 (+0.22%)

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USD/JPY

135.10

-0.07 (-0.06%)

Summary

Sell

Moving Avg:

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AUD/USD

0.6953

+0.0006 (+0.08%)

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Moving Avg:

Buy (10)

Sell (2)

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USD/CAD

1.2891

-0.0002 (-0.02%)

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EUR/JPY

142.74

+0.08 (+0.06%)

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EUR/CHF

1.0108

-0.0001 (-0.01%)

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Gold Futures

1,836.30

+8.20 (+0.45%)

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Silver Futures

21.240

+0.081 (+0.38%)

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Copper Futures

3.7760

+0.0315 (+0.84%)

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Buy

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Crude Oil WTI Futures

106.42

-0.64 (-0.60%)

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Brent Oil Futures

107.92

-1.18 (-1.08%)

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Natural Gas Futures

6.235

-0.046 (-0.73%)

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US Coffee C Futures

223.40

-5.60 (-2.45%)

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Euro Stoxx 50

3,533.17

+96.88 (+2.82%)

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Neutral

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S&P 500

3,911.74

+116.01 (+3.06%)

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DAX

13,118.13

+205.54 (+1.59%)

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FTSE 100

7,208.81

+188.36 (+2.68%)

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Hang Seng

21,719.06

+445.19 (+2.09%)

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Moving Avg:

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US Small Cap 2000

1,765.74

+54.06 (+3.16%)

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IBEX 35

8,244.10

+137.70 (+1.70%)

Summary

Sell

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BASF SE NA O.N.

42.215

+0.785 (+1.89%)

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Bayer AG NA

57.79

-0.75 (-1.28%)

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Allianz SE VNA O.N.

181.20

+2.20 (+1.23%)

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Adidas AG

170.36

+3.30 (+1.98%)

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Deutsche Lufthansa AG

5.966

-0.310 (-4.94%)

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Siemens AG Class N

102.62

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8.919

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 EUR/USD1.0565↑ Buy
 GBP/USD1.2289↑ Buy
 USD/JPY135.10Sell
 AUD/USD0.6953↑ Buy
 USD/CAD1.2891↑ Sell
 EUR/JPY142.74↑ Buy
 EUR/CHF1.0108↑ Sell
 Gold1,836.30↑ Buy
 Silver21.240Sell
 Copper3.7760Buy
 Crude Oil WTI106.42Sell
 Brent Oil107.92↑ Sell
 Natural Gas6.235Sell
 US Coffee C223.40↑ Buy
 Euro Stoxx 503,533.17Neutral
 S&P 5003,911.74↑ Buy
 DAX13,118.13↑ Sell
 FTSE 1007,208.81↑ Buy
 Hang Seng21,719.06↑ Buy
 Small Cap 20001,765.74↑ Buy
 IBEX 358,244.10Sell
 BASF42.215↑ Buy
 Bayer57.79↑ Sell
 Allianz181.20↑ Sell
 Adidas170.36↑ Sell
 Lufthansa5.966↑ Sell
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 Deutsche Bank AG8.919↑ Buy
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SJC Eximbank6,760/ 6,840
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Cập nhật 27-06-2022 06:00:36
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GBP27.747,3328.930,97
JPY167,31177,13
KRW15,4518,82
Cập nhật lúc 05:55:38 27/06/2022
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