net_left Phương Thức Thanh Toán
Phương Thức Thanh Toán

Shiba Inu Holders Cling to Holdings Because of SHIB Burning

More than 70 million Shiba Inu (SHIB) tokens were burned over the last day.SHIB is currently in the green and is trading at $0.0000103 after an 8.57% increase in price over the...
Shiba Inu Holders Cling to Holdings Because of SHIB Burning © Reuters. Shiba Inu Holders Cling to Holdings Because of SHIB Burning

    • More than 70 million Shiba Inu (SHIB) tokens were burned over the last day.
    • SHIB is currently in the green and is trading at $0.0000103 after an 8.57% increase in price over the last day.
    • long-term SHIB holders are still clinging to their holdings despite the chaos of the recent bear market.

According to the Twitter (NYSE:TWTR) account shib_superstore, more than 70 million Shiba Inu (SHIB) tokens were burned over the last day. This SHIB burn, which included transactions from big names like Amazon (NASDAQ:AMZN) and Bricks Buster, is done with the sole intention of pumping the SHIB price.

This might, however, not happen any time soon as only burning millions out of trillions of SHIB will not have any impact on the price at all.

Shiba Inu price action (Source: TradingView).

When looking at SHIB’s price action as the burning is taking place, the Relative Strength Index (RSI) was able to successfully recover to the bullish zone. But on June 21, it fell back under the neutral 50.0 line. The Parabolic RSI is currently exhibiting an active uptrend, which could mean that the SHIB price is safe from any unwarranted price swings for the time being.

SHIB is currently in the green and is trading at $0.0000103 after an 8.57% increase in price over the last day. The meme coin also saw a 24.90% increase in price over the last week, according to CoinMarketCap.

Shiba Inu LTHs (Source: Intotheblock – AMBCrypto).

In addition to this, long-term SHIB holders are still clinging to their holdings despite the chaos of the recent bear market. This highlights that investor convictions in the SHIB burnings are strong enough to not fade out in the choppy waves of the volatile market.

Even though it might take some time, the SHIB burn will only grow further as SHIB supporters attempt to turn SHIB into a legitimate asset.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.

Continue reading on CoinQuora

Hot Auto Trade Bot Phương Thức Thanh Toán
BROKERS ĐƯỢC CẤP PHÉP
net_home_top Ai VIF
30-06-2022 19:34:40 (UTC+7)

EUR/USD

1.0404

-0.0035 (-0.34%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (11)

Sell (0)

EUR/USD

1.0404

-0.0035 (-0.34%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (11)

Sell (0)

GBP/USD

1.2128

+0.0003 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

USD/JPY

136.13

-0.46 (-0.33%)

Summary

Neutral

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (4)

Sell (4)

AUD/USD

0.6894

+0.0013 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

USD/CAD

1.2901

+0.0010 (+0.08%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

EUR/JPY

141.63

-0.95 (-0.67%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

0.9966

-0.0005 (-0.05%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Gold Futures

1,808.60

-8.90 (-0.49%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

Silver Futures

20.435

-0.303 (-1.46%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Copper Futures

3.7020

-0.0785 (-2.08%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

Crude Oil WTI Futures

108.74

-1.04 (-0.95%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (0)

Brent Oil Futures

111.64

-0.81 (-0.72%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

Natural Gas Futures

6.401

-0.097 (-1.49%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

US Coffee C Futures

229.13

+0.88 (+0.39%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Euro Stoxx 50

3,438.25

-76.07 (-2.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

S&P 500

3,818.83

-2.72 (-0.07%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (10)

Sell (0)

DAX

12,697.91

-305.44 (-2.35%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,178.00

-134.32 (-1.84%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

Hang Seng

21,859.79

-137.10 (-0.62%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (3)

US Small Cap 2000

1,719.37

-19.47 (-1.12%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (4)

Sell (4)

IBEX 35

8,041.55

-146.45 (-1.79%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (1)

BASF SE NA O.N.

40.263

-1.317 (-3.17%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (4)

Sell (4)

Bayer AG NA

56.72

-0.90 (-1.56%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Allianz SE VNA O.N.

180.97

-2.75 (-1.50%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Adidas AG

167.89

-2.13 (-1.25%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (0)

Deutsche Lufthansa AG

5.519

-0.294 (-5.06%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Siemens AG Class N

98.34

-3.06 (-3.02%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (3)

Deutsche Bank AG

8.277

-0.294 (-3.43%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

 EUR/USD1.0404↑ Buy
 GBP/USD1.2128↑ Buy
 USD/JPY136.13Neutral
 AUD/USD0.6894↑ Buy
 USD/CAD1.2901↑ Sell
 EUR/JPY141.63↑ Buy
 EUR/CHF0.9966↑ Buy
 Gold1,808.60↑ Buy
 Silver20.435↑ Buy
 Copper3.7020↑ Buy
 Crude Oil WTI108.74↑ Buy
 Brent Oil111.64↑ Buy
 Natural Gas6.401↑ Buy
 US Coffee C229.13↑ Sell
 Euro Stoxx 503,438.25↑ Buy
 S&P 5003,818.83↑ Buy
 DAX12,697.91↑ Buy
 FTSE 1007,178.00↑ Buy
 Hang Seng21,859.79Sell
 Small Cap 20001,719.37Neutral
 IBEX 358,041.55↑ Buy
 BASF40.263Neutral
 Bayer56.72↑ Sell
 Allianz180.97↑ Buy
 Adidas167.89↑ Buy
 Lufthansa5.519↑ Sell
 Siemens AG98.34Buy
 Deutsche Bank AG8.277↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,810/ 6,870
(5/ 5) # 1,764
SJC HCM6,830/ 6,890
(10/ 0) # 1,783
SJC Hanoi6,830/ 6,892
(10/ 0) # 1,785
SJC Danang6,830/ 6,892
(10/ 0) # 1,785
SJC Nhatrang6,830/ 6,892
(10/ 0) # 1,785
SJC Cantho6,830/ 6,892
(10/ 0) # 1,785
Cập nhật 30-06-2022 19:34:42
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,803.30-15.76-0.87%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V33.47034.130
RON 95-III32.87033.520
E5 RON 92-II31.30031.920
DO 0.05S30.01030.610
DO 0,001S-V30.81031.420
Dầu hỏa 2-K28.78029.350
ↂ Giá dầu thô thế giới
WTI$108.46+5.154.75%
Brent$111.38+8.67.72%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.105,0023.415,00
EUR23.704,3925.032,07
GBP27.520,9428.694,87
JPY165,73175,46
KRW15,5118,90
Cập nhật lúc 18:51:16 30/06/2022
Xem bảng tỷ giá hối đoái
Phương Thức Thanh Toán