SHIB Price Plummets, Burn Rate Declines
This is a news story, published by CoinGape, that relates primarily to Shibburn news.
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Shiba Inu coin burn rateCoinGape
•Is Shiba Inu Coin Burn Rate Hinting At SHIB Price Crash?
67% Informative
Shiba Inu coin burn rate and addresses have dropped in a week , hinting at a decline in sentiment for further upside.
ShIB burn rate has dropped more than 100% this week , as per burn tracker Shibburn data.
The number of active addresses fell by 7% in the last 24 hours , indicating negative sentiment in the market.
Technical indicators show weakness amid the change in trend and signals from indicators such as Ichimoku cloud, RSI , and exponential moving averages.
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