- Sun Mar 02, 2025 9:52 pm
#21852
SHIB Burn Rate Sparks Debate: Is it Enough to Fuel a Price Surge?
Over 14 million SHIB tokens vanished in a single transaction, adding fuel to the ongoing burn strategy. With nearly 400 million SHIB burned in February alone, the community is buzzing. But is this pace sufficient to trigger the price impact many are hoping for? The recent burn represents a significant drop compared to both the 24-hour and 7-day averages, raising questions about the effectiveness of current burn methods.
Some argue that more aggressive burning is needed to truly impact SHIB’s value, especially given the token's massive supply. Others point to the recent SEC guidance classifying meme coins as collectibles, not securities, as a more significant catalyst for future growth. Where do you stand? Is the current burn rate enough, or are more drastic measures necessary? How might the SEC's recent guidance influence SHIB's trajectory? Let’s discuss the potential of SHIB and the factors that will ultimately drive its price. Share your predictions and insights!
Is SHIB on the verge of a major breakout, or are we destined for further consolidation? The current price hovers around $0.00001368, with key resistance and support levels identified. Technical analysis suggests a potential bullish recovery if SHIB breaks above $0.00001745 and $0.00001926. Conversely, a drop below $0.0000116 could signal further decline. What are your price predictions for SHIB? What technical indicators are you watching? Join the conversation and share your analysis!
Over 14 million SHIB tokens vanished in a single transaction, adding fuel to the ongoing burn strategy. With nearly 400 million SHIB burned in February alone, the community is buzzing. But is this pace sufficient to trigger the price impact many are hoping for? The recent burn represents a significant drop compared to both the 24-hour and 7-day averages, raising questions about the effectiveness of current burn methods.
Some argue that more aggressive burning is needed to truly impact SHIB’s value, especially given the token's massive supply. Others point to the recent SEC guidance classifying meme coins as collectibles, not securities, as a more significant catalyst for future growth. Where do you stand? Is the current burn rate enough, or are more drastic measures necessary? How might the SEC's recent guidance influence SHIB's trajectory? Let’s discuss the potential of SHIB and the factors that will ultimately drive its price. Share your predictions and insights!
Is SHIB on the verge of a major breakout, or are we destined for further consolidation? The current price hovers around $0.00001368, with key resistance and support levels identified. Technical analysis suggests a potential bullish recovery if SHIB breaks above $0.00001745 and $0.00001926. Conversely, a drop below $0.0000116 could signal further decline. What are your price predictions for SHIB? What technical indicators are you watching? Join the conversation and share your analysis!
- By Anonymous