Shiba Inu has some bullish news coming out and I want to give you guys a big update on this cryptocurrency. You can see in the last month or ship’s actually had a really nice run just by having a look at this price chart right here. So, we have seen some bearish descent in the crypto market, but should be a new price holding up very well in the last month or so. Some of the big bullish news, we have to update you on right here. As you can see right here, 140 million Shiba Inu has been burned as its burn rate spikes 137 percent and this is good because one of the big aspects of Shiba Inu going up in price.
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People are saying potentially could it get to one penny could it get to one cent what needs to happen for that realistically to happen with this cryptocurrency there does need to be a ton of burns going through. But, what are we seeing we’re seeing some good news right here. So, 140 million Shiba Inu tokens have been burnt in the last 24 hours and that is good again. The more burns we see for this cryptocurrency, the better it is. You can see the burn rate right here spiking nearly 137%.
We also on top of that spoke about it a couple of days ago at the largest exchange in the Philippines to list to ship and Shiba Inu. In my opinion, is both the hybrid Meme coin or Community coin also coming out with some nice utility as well. What other big bullish updates do we have for ship check it out. Ship returns are the whale’s biggest holding and one of most purchased assets so the big crypto whales out there.
They are very interested in Shiba Inu the cryptocurrency and it actually emerges Shiba Inu the crypto as the whale’s largest asset which is great to see. You can see right here ship 22.35 559 million dollars and whale grabs nearly billion ships right there. So, Gimli, the Ethereum investor, acquired a whopping 750 billion ship coins moving them to his wallet in three transactions by 250 billion each in total. This amounted to around 8.4 million dollars, so I actually think this is a bullish thing for Shiba Inu. Why do I say this is because a lot of the times whales – we’ve seen in the channel.
Sometimes they’ll sell out of crypto currencies, but it’s good to see whales buying into Shiba Inu. So, it means potentially whales are in the market to make money they swim around they’re very they’ve got a lot of wealth to spend. But, if they’re buying into your crypto. Sometimes it’s a good factor because they are generally interested in making money and they wouldn’t be buying into ship. If they think they’re going to lose money that would be my assessment of the situation anyway and this other bullish news. We have for today for ship check it out Shiba Inu transactions now possible on over 5 000 coin cloud ATMs. This is big in the USA and it says right here coin cloud ATMs in the united states and brazil which have a combined total of 5 000 machines now except ship and several other cryptocurrencies. This is a significant boost for this cryptocurrency as well. So, this is really good to see that accessibility increase for Shiba Inu the crypto cx spread to see that happen is really good. Again if we go back to Shiba Inu the price right here. So, the last month price has been looking good.
I am a believer the Shiba Inu does have a lot of potentials to move up in price in the future and that’s based on the community of this cryptocurrency. What the developers are building out in this ecosystem the burns going through and also ultimately the adoption of this ecosystem. So, I always say in crypto I think the strongest projects are those ones that will end up getting adopted. If you’re bullish on utilizing any of the crypto ecosystem of ship.
This article is a transcription of a video made by Crypto ZEUS
Original video: https://youtu.be/gSN-d9aqFRc