Shiba Inu’s (SHIB) Price Reclaims Support as SHIB Burn Rate Shoots Up 590% By DailyCoin

The dog-themed memecurrency (SHIB) is back on track, recording a green day after a cold week, hardened by the crypto winter. The bullish price movement comes just a day after Shiba Inu (SHIB) was included in the partnership deal between Google (NASDAQ:) Cloud & Coinbase (NASDAQ:).

Besides, the popular meme token has managed to restore its previously lost #12 spot by total market capitalization. The achievements led to a mini bull run for Shiba Inu’s (SHIB) market price, which gained 7% in the last 24 hours. At press time, the Japanese dog-themed crypto is priced at $0.00001042, according to CoinGecko.

Hourly update … Current $SHIB Price: $0.00001042 24 hour Percentage : 7.19% Current $BONE Price: $0.87 24 hour Percentage : 3.69% Current $LEASH Price: $333.44 24 hour Percentage : 10.74%#SHIBARMY #shibainu #shiba #BONE #LEASH pic.twitter.com/ZUnJvDsdLW

— $SHIB Price Bot (@SHIBpriceBot) October 14, 2022

SHIB Burn Rate Accelerates Prior to Shibarium

The community bonfire of Shibburn had some great news for the SHIB Army on Friday morning. The last 24 hours have seen over 132 million of the SHIB Army’s beloved Shiba Inu (SHIB) meme tokens set ablaze. That marks a significant 590% daily increase. Indeed, this motivated a lot of crypto enthusiasts on Twitter, who decided to contribute to the cause. To illustrate, someone just burnt 3 million Shiba Inu (SHIB) coins in a single transaction, which equals $312.75.

30,763,170 $SHIB -> transferred to dead wallet. https://t.co/DymmUVGe2A

— Shibburn (@shibburn) October 14, 2022

In addition, Shibburn Radio has successfully expanded with a brand new app for both Android & iOS. For instance, the Android app has a brilliant rating of 4.9 out of 5. However, there are just a bit over 500 downloads in over a week since its launch. Ultimately, the New York-based radio station lets users burn Shiba Inu (SHIB) by listening to today’s top hits.

On top of that, Shibburn is working on a deal with VISA to release the SB Visa (NYSE:) Card, which intends to have an automatic Shiba Inu (SHIB) burning functionality with every transaction. That would allow SHIB burns in stores or online, anywhere VISA is accepted.

What’s more, the SHIB army is speculating on when the highly-anticipated Shibarium will actually drop. At first, the developers were expecting to launch the Shibarium testnet in Q3 of 2022, but since there are still things to improve, the Layer-2 solution will go live sometime after Shytoshi Kusama makes the Shibarium documentation public. Mr. Shytoshi revealed this is happening “very soon”.

However, some soldiers of the SHIB army predict Shibarium’s testnet to go live on October 19th, 2022. This was revealed in a tweet by SHIB 0.01, who shared a screenshot of what’s rumored to be documentation for Shibarium.

#BONE #Shibarium #SHIBARMY Get ready, Shibarium is coming pic.twitter.com/Vh6TIulLGR

— SHIB 0.01 (@ShibMillion1) October 11, 2022

On the Flipside

• Shiba Inu (SHIB) is still 13.8% in the red for the last 30 days.
• The dog-themed token, originally also known as “ (DOGE) Killer”, is down by 64% in a yearly perspective.
• Some members of the community are displeased about Shibarium’s delay.

Why You Should Care

The Shiba Army is one of the fastest-growing crypto communities in the world. Hashtags like #Shiba, #ShibaInu & #SHIB are trending on Twitter on a regular basis. Besides, Shiba Inu (SHIB) has a broad Discord community with over 141,000 members on the official channel.

Stay in the Shiba Inu (SHIB) action with the latest stories:

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See original on DailyCoin