SHIB Price Rises in Last 24H Following Launch of Burn Portal -Breaking
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© Reuters. After Burn Portal Launch, SHIB Prices Rise in the Last 24 Hour- The price of one the most popular crypto meme coins, SHIB (pronounced “SHIB”) has appreciated nicely over the past 24 hours.
- Ranked as the 15th biggest crypto project by market cap, the 24-hour trading volume of SHIB is $1.07B – an astonishing 91% increase.
- SHIB is also stronger against ETH/BTC.
CoinMarketCap reports that Shiba Inu, one of the most popular meme coins in cryptospace has seen its price rise nicely over the past 24 hour. SHIB’s price has risen 7.52% over the past 24 hours. SHIB’s weekly drop of 2.52% has been a significant improvement over the period where almost all crypto markets experienced some retracement.
Ranked as the 15th biggest crypto project by market cap, the 24-hour trading volume of SHIB is $1.07B – an astonishing 91% increase. SHIB’s market capital currently amounts to $13,305 626,520.
When looking at SHIB’s strength against (BTC) and (ETH), which are currently the biggest projects by market cap, SHIB has strengthened by almost 2% against BTC and just over half a percent against ETH.
Over the past week, there has been a steady increase in new SHIB holders. Between April 20-22, 2022, and April 26, 20,222, the number of holders increased from 1,134.162 to 1,139.029. With 14,645 active addresses in the last 24hrs, there are now 1,139.029 total SHIB address numbers.
The increase in SHIB’s price could be due to the recent launch of the SHIB Burn Portal. This portal was created to make SHIB more scarce. It has received participation from large parts of the SHIB community (also known as the SHIB Army). As SHIB burning goes on, it is likely that the cost of the meme coin continues to rise.
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