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Headline : Analyzing Crypto Volatility and Investment Potential: Shiba Inu (SHIB) Burns 1.7 Billion Tokens, Dogecoin (DOGE) Surges 60%, Furrever Token (FURR) Raises $1.06M

Read more from the original article on here at www.livebitcoinnews.com.





Tags : #analyzing #crypto #volatility #investment #potential #shiba #inu #shib #burns #17 #billion #tokens #dogecoin #doge #surges #6025 #furrever #token #furr #raises #106m


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In a week filled with significant activity in the cryptocurrency markets, Shiba Inu (SHIB) has dramatically increased its token burn rate by 90%, removing over 1.7 billion tokens from circulation in an effort to manage supply and potentially boost value. Despite these efforts, SHIB has faced a downturn, reflecting broader market trends. Meanwhile, Dogecoin (DOGE) has captured attention with a remarkable 60% surge in its value since the year’s start, riding the wave of its meme-driven appeal despite concerns about its long-term investment viability due to its unlimited supply and lack of intrinsic value. On another front, Furrever Token (FURR)continues its upward trajectory in the presale stages, having successfully raised over $1.05 million, signaling strong investor confidence and community support. Together, these developments underscore the diverse strategies and outcomes shaping the cryptocurrency landscape today.

Shiba Inu Sees 90% Increase in Burn Rate: Price Impact Uncertain Amid Market Downturn

On May 1, 2024, Shiba Inu (SHIB) witnessed a significant spike in its token burn rate, with an increase of 90% from the previous day, leading to over two million SHIB tokens being permanently removed from circulation. This surge in activity comes amidst a challenging period for the cryptocurrency market at large, with SHIB’s price continuing to struggle

Throughout April, nearly 1.7 billion SHIB tokens were burned across 204 transactions, as reported by Shibburn. This activity primarily involved tokens mistakenly sent to the Contract Address (CA), highlighting the need for caution among investors when transferring assets. The Shiba Inu development team emphasized that these were not deliberate actions but rather unfortunate errors leading to the loss of tokens.

Read more from the original article on here at www.livebitcoinnews.com.


Related Headlines : Analyzing Crypto Volatility and Investment Potential: Shiba Inu (SHIB) Burns 1.7 Billion Tokens, Dogecoin (DOGE) Surges 60%, Furrever Token (FURR) Raises $1.06M (in Google.com):

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