Bittime - Shiba Inu (SHIB) priceis experiencing an interesting move, driven by several important factors. This article will discuss the latest developments in SHIB, from a significant increase in burn rate, listing on Robinhood for New Yorkers, to the prospects of Shibarium,Shiba Inu's staking
Fantastic SHIB Burn Rate Increase
Data from Shibburn shows a jump in SHIB burn rate of 2,092.4% in the last 24 hours! This indicates that more and more SHIB tokens are being burned and removed from circulation. The largest burn transactions involved 16.9 million, 1 million, and 20 million SHIB.
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Good News for New York Investors: SHIB Can Now Be Traded on Robinhood
Through an official announcement, Robinhood has finally allowed SHIB trading for New York state residents. This is a significant step forward, considering that previously access to cryptocurrencies in New York was quite limited. Now, New York investors can easily buy, sell, and trade SHIB through the Robinhood app.
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K9finance: New Supporter of Shibarium
Another good news comes from Shiba Inu's collaboration with K9finance. K9finance was officially appointed as the official Liquid Staking Derivative (LSD) for Shibarium. This collaboration is expected to increase the Total Value Locked (TVL) and trading volume of BONE, Shibarium's governance token. Thus, economic activity in Shibarium is predicted to become increasingly lively.
Significance to SHIB's Future
Analysis of data from Shibariumcan shows a significant increase in the number of new contracts. As of April 21, an almost fourfold jump was recorded from 8 to 31 contracts. IntoTheBlock data also recorded a 61.4% increase in large transaction volume to $162.5 million.
Apart from that, the number of transactions above 100,000 SHIB also increased from 195 transactions on April 23 to 220 transactions on April 24. This increase shows an increase in SHIB trading activity in the last seven days.
Conclusion
With a significant increase in burn rate, a listing on Robinhood for New Yorkers, and Shibarium's bright prospects, the future of Shiba Inu looks promising. Increased trading activity and token burning are positive indicators for SHIB. However, as always, always do fundamental research and analysis before making an investment decision.
How to Buy Shiba Inu (SHIB) from Bittime
You can buy and sell Shiba Inu (SHIB) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Shiba Inu (SHIB) is available on Bittime with the market pair SHIB/IDR . To be able to buy SHIB IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Shiba Inu (SHIB) on Bittime .
Monitor the price chart movements of Shiba Inu (SHIB) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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