Shib Coin Daily 6/10/2022
Hello and welcome to Shib Coin Daily
The rollercoaster ride that is Shiba Inu and the news surrounding Shib continues as the token also continues to border adding another zero.
At the time of writing this article, Shiba Inu is currently at $0.000010 and down 2.91% within the last 24 hours.
Just three days ago AMB Crypto wrote an article discussing the Shiba Inu burn rate surge of 190% and whether there would be a surge in the price of Shib as well.
Disclaimer: The opinion expressed here is not investment advice — it is provided for informational purposes only. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
The following day, Coinquora gave possible reasons why investors are stocking up on Shiba Inu.
Yesterday Benzinga talked about the Shiba Inu buying pressure surgins on Coinbase from an increase in buying of the token on the platform.
FX Street detailed the current state of Shiba Inu today and the narrow line between the buyers and sellers, and why they are expecting a 60% increase in the token price.
Dispite the idea of a 60% increase, in another FX Street article today, they report that Shiba Inu burn rate has dropped 70.7% over night while the Shib Army has had a large sell off of the token.
What are your thoughts?
Will Shiba Inu add additional zeros, or break from the downward slide an rocket back up?
Let us know your thoughts in the comments…..
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Until Next Time…
To The Moon…
