Crypto

Shiba Inu daily burn rate drops 87%; 24-hour burn value just $7

Shiba Inu’s daily burn rate fell sharply after just 1.38 million SHIB, worth about $7, was burned over the past 24 hours, pushing the daily burn rate down 87.63%. The prior tally day saw 17,464,058 SHIB burned and a 706% jump in the daily rate. Weekly burn volume totalled 315.8 million SHIB, while the 30-day period recorded 3.47 billion SHIB burned. SHIB fell 3.35% over 24 hours and open interest slipped to $43.51 million.

Crypto

Shiba Inu could rise as much as 1,700 percent if it breaks key resistance, analyst says

Shiba Inu (SHIB) could climb as much as 1,700 percent if it breaks a key resistance level, according to an outlook citing long-term price patterns and supply-demand signals. Analyst Crypto Patel identified $0.00000537 as a decisive zone and said SHIB must secure a weekly close above it and confirm it as support. He set multiple upside targets up to a retest of $0.00008854, while noting Shibarium activity remains weak.