Shiba Inu prices are fighting the new resistance level of US$0.000012 with the energy of the entire SHIB Army. Today’s SHIB value has many happy with their crypto-invest as the coin is up 44% from just a month ago. And this increase in token price is happening without the daily $SHIB Burn goal of 100-Million, making it all the more impressive.
Shiba Inu Has 2nd Best Gains Of All
Shiba Inu coin has been the second most valuable cryptocurrency of the market’s Top 20 since late December. The only coin to top its impressive run is Solana ($SOL), who’s enjoyed over a 105% rebound since its collapse from the FTX contagion; 18% of that run came today.
What’s even more impressive for $SHIB cryptocurrency is the fact this price increase has come without the launch of Shibarium, Layer-2 web3 technology. And also that the ‘Dogecoin Killer’ has recently depegged from Bitcoin to go on an even stronger bull run that the #1 cryptocoin.
Influence of Fidelity Crypto
This may or not be the case however after Fidelity investment’s new crypto exchange launches. As of now it’s only slated to include Bitcoin and Ethereum, which could push the two coins into a ‘hyper bull run.’ Fidelity has over $9.6-Trillion dollars in assets it administers and just 5% of that being pushed into $BTC and $ETH could double the two cryptocurrencies’ values.
Smart Money Behind Shiba Inu Coin
The ‘push back’ for Shiba Inu will be its own smart money investors. Crypto.com and Binance both have very large investments in $SHIB token for unclear reasons. There could be information the two exchanges are privy to about Shibarium Network that the general public does not know — perhaps Royshi and Satoshi are the same people and the L2 technology will revolutionize how digital currency is used. The rumored 1-million transactions per second would outperform lightning network, MATIC, Loopring, and the others.
Also, Elon Musk seems to be indicating that $SHIB and $DOGE will be two meme cryptocurrencies to be included in Twitter’s upcoming payment system. The social media platform has over 368-million active users and that could create massive usage of Shiba Inu coin as well.
Regardless, the facts as of today are that $SHIB prices are still the highest crypto-traders have been since November 2022. And with it currently holding strong against the resistance of today’s token value (US$0.000012), there’s a high chance the token could see its high value since October of last year.
Today’s $SHIB Burn Count
The Daily SHIB burn goal of 100-million does not seem to be impacting the Shiba Inu bull run fortunately. Friday’s burn as of 10PM eastern is at 17,573,884. This is far under the goal set by Shiba Inu loyalists — 100,000,000 $SHIB.
There were many massive single burn transactions in 2023. These Goliath burn-offs were between 20-million and 80-million tokens; but today’s numbers have fallen far from that. The biggest burn at the moment is 6,153,724.