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Shiba Inu Price Soars Despite 84% Decline in SHIB Burn Rate

CoinGape
Summary
Nutrition label

67% Informative

Shiba Inu price gains 70% this month despite an 84% burn rate drop in the past 24 hours .

The meme-based cryptocurrency has experienced a remarkable surge despite a significant decline in its token burn rate.

The coin is setting sights on a potential milestone by the end of 2024 .

Bitcoin trades above $96,000 , while Ethereum maintains its position above $3,600 .

VR Score

50

Informative language

40

Neutral language

31

Article tone

formal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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