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Meanwhile, the SHIB price has been striving to recover after the recent massive plunge preceded by a large surge which followed the historic peak smashed by Bitcoin.Lucie has tweeted that she took advantage of the recent SHIB plummet and bought the dip. The marketing lead of the SHIB team is positive that “if someone can pull miracle recovery it’s SHIB”.
Therefore, she is expecting the second largest meme cryptocurrency SHIB to reach a new all-time high pretty soon – before the upcomingor shortly after it. The crucial Bitcoin event when the daily BTC production will shrink drastically is scheduled for the second half of April – it is less than a month away.
Since March 14, Shiba Inu has faced a massive price decline, leading to a loss of 23.55% until today. Over the past 24 hours, the prominent meme cryptocurrency managed to regain 7.54% and is exchanging hands at $0.00002585 at the time of this writing., according to the Shibburn tracking platform. Within the last 24 hours, the SHIB community succeeded in transferring 12,157,601 SHIB to unspendable wallets. There have been eight burn transactions, many of which carried more than 3 million, 2.
This has pushed the burn rate down by almost 73%, compared to the 45,000,000 SHIB removed from circulation a day before.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.