Shiba Inu Burn Rate Records 880% Spike In One Day

Shiba Inu Burn Rate Sees 880% Jump— Can SHIB Price Reach $0.05?

According to a recent X post by Shibburn, over 320,186,507 Shiba Inu tokens were sent to a dead wallet, in order words, “burnt”. Despite this number of tokens only representing a tiny fraction of Shiba Inu supply, this represents an 880% burn rate for the meme coin in the past week.

The increase in the Shiba Inu burn rate also represents a burning interest from its community to reduce its supply and potentially trigger a surge in the SHIB price. With a significant burn rate like this for Shiba Inu, speculations are flying that the SHIB price could see an increase to $0.05.

The current weekly price range for the SHIB price is $0.00001767 – $0.00001943, but if the Shiba Inu burn rate keeps increasing, the SHIB price could skyrocket to levels around $0.05. Such an increase in the SHIB price would signify an over 260,000% rise for Shiba Inu, which is not an uncommon growth for meme coins.

ETFSwap (ETFS) Gains Widespread Recognition After Introducing ETF-Based Exchange Platform

ETFSwap (ETFS) has become a reckoning force in the presale market. With its groundbreaking DeFi platform where investors or traders can swap cryptocurrencies for tokenized and institutional grade ETFs, experts have predicted this new entrant to challenge top altcoins like Shiba Inu. As a matter of fact, ETFSwap (ETFS) is pioneering the first platform where traditional ETFs can be traded in a democratic and decentralized market.

Institutional interest is rising for ETFSwap (ETFS) particularly due to its well-protected assets, tightly-secured network, and easy accessibility. To be clear, not only is its platform accessible without KYC verification, its ETF assets have been linked to Real World Assets (RWA) and protected by MiCA-regulated licensed banks.

Additionally, to secure a safe trading space, ETFSwap (ETFS) has audited its network with CyberScope— a leading blockchain audit firm. It has also undergone a KYC verification process, assuring users of its security and compliance with industry standards.

ETFSwap’s is open for ETF trading 24/7 as its users can enjoy ETF assets from several financial markets including cryptocurrency, commodities like oil and gold, bonds, and even from the amplified market. This diversity allows investors to explore dynamic investment opportunities while they receive a 50x trading power when they trade futures and options.

Currently, ETFSwap’s third and final presale is ongoing, where its native token is selling for $0.03846 however, investors are increasingly rushing to purchase. Its native token attracts advantages, such as exclusive access to newly-listed ETFs early, vote rights on the platform, monthly airdrops, and more.

Investors are anticipating its beta platform more as ETFSwap (ETFS) has announced a soon-to-launch sneak peek of the platform, after 15 weeks of development. In this upcoming beta platform, users can start staking their ETFs token for rewards, trade and swap ETF assets, track live prices of ETFs, and even access its liquidity. While all this happens in phase 1 of its beta platform, phase 2 will allow investors to use AI-powered trading tools, like an ETF screener or ETF filter, to analyze the market and make the smartest trading decisions.

Wrapping Up

The presale of ETFSwap’s token is currently selling out, and lots of investors are rushing to buy its last presale supply. However, ETFS tokens are even more purchased due to the growth potential of the ETFSwap (ETFS) platform. With an upcoming ETF launch by the platform in 2025, its growth is poised to mirror over 100,000% after launch.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

*This article was paid for. Cryptonomist did not write the article or test the platform.

Source: https://en.cryptonomist.ch/2024/10/24/shiba-inu-burn-rate-records-880-spike-one-day/