Chosen the Best Among 4480 Altcoins! Price Up More Than 10%!

Cryptocurrency investors continue to have boring days in most altcoins. But there are also exceptions. Chief among these is the Shiba Coin. Shiba Inu, the second largest meme coin, has managed to re-engage investors in the last few days. For a short time, the price cleared 1 zero and now continues to find buyers near resistance.
Shiba Inu has achieved significant success, according to the announcement of social analytics platform LunarCrush. The latest news was about Shiba Coin taking the first place among 4880 altcoins. The popular meme coin, which placed at the top of the AltRank, owes its success to the impressive increase in social volume. Of course, social volume growth for a meme coin often leads to a price increase as well. The same thing happened again, with the price climbing as high as $0.00001 and significantly moving away from the annual bottom.
According to Santiment, SHIB gained 51% in less than four weeks, while stock market supply remained low. We can even say that the supply in the stock markets has fallen to the lowest level of the last 6 months. Less supply on exchanges indicates weaker sellers.
In July, exactly 3.3 trillion SHIB was withdrawn from popular cryptocurrency exchanges. On the other hand, the SHIB team, which has taken important steps for its own layer2 solution, has left all meme coins behind in terms of offering their products. Today, Dogecoin and other competitors are still struggling to create alternatives to its products.
Shiba Inu leader Shytoshi Kusama stated that the Shiba Inu has entered a new era, and thanked the community for their recently unending support. Even this statement was enough to get the Shiba Coin bulls excited. In the short term, the upside tests are likely to continue in the scenario where the $0.0000096-95 region is protected. The first possible target looks to be $0.000012.
So what about Shiba Coin burns? According to Shibburn, 304,764,835 SHIB tokens have been burned in 154 transactions in the past seven days. In the last 24 hours alone, a total of 37,551,405 SHIB tokens have been burned in 22 transactions. Experts think that monthly burns could reach $40 million if Shibarium receives similar interest in the testnet era.
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