December 7, 2023 12:42 AM | 1 min read
“Finish 2023 Strong With 3 Hot Stock Ideas – Practically Free”
Ready for your shot at the next potential 32%, 39% or 45% gains in today’s market? You’re about to miss Stock Expert Gianni Di Poce’s 3 latest stock ideas… Ones that could shift your entire wealth-building journey. If you’re ready to end 2023 strong with 12 hot stock ideas every single month. ACT FAST.
The burn rate of the self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer’ Shiba Inu token (CRYPTO: SHIB) has seen an increase of over 800% in the past day, culminating in the elimination of 10 million SHIB from circulation.
What Happened: According to the latest data from Shibburn, the uptick in the burn rate can be attributed to a large transaction where over 10 million SHIB tokens were incinerated.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!
The growth in the Shiba Inu token’s daily transactions can be linked to the skyrocketing activity on the Shibarium network. Shibariumscan, a platform tracking such transactions, reports a staggering figure of 7.84 million transactions in a single day on the Shibarium Layer-2 (L2) network.
The total number of transactions on the Shibarium L2 blockchain has now exceeded the 30 million mark.
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: Additionally, the network’s scaling has brought with it an increase in gas fees, with costs reaching as high as 783 Gwei. These heightened fees typically occur during periods of increased demand on a network and serve as an indicator of the growing utilization of the network.
Shibarium’s path to this level of activity has experienced its fair share of obstacles. The developer team originally scheduled the Shibarium launch for February 2023, but it was postponed to iron out any bugs and deliver a seamless and polished ecosystem to its users
Price Action: At the time of writing, SHIB was trading at $0.0000097, up 2.78% in the last 24 hours, according to Benzinga Pro.
Image via CryptoFX on Shutterstock
Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
“Finish 2023 Strong With 3 Hot Stock Ideas – Practically Free”
Ready for your shot at the next potential 32%, 39% or 45% gains in today’s market? You’re about to miss Stock Expert Gianni Di Poce’s 3 latest stock ideas… Ones that could shift your entire wealth-building journey. If you’re ready to end 2023 strong with 12 hot stock ideas every single month. ACT FAST.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Credit: Source link
Bitcoin 
Ethereum 
XRP 
Tether 
BNB 
Solana 
USDC 
Lido Staked Ether 
Dogecoin 
Cardano 
TRON 
Wrapped stETH 
Chainlink 
Hyperliquid 
Wrapped Beacon ETH 
Wrapped Bitcoin 
Ethena USDe 
Sui 
Stellar 
Avalanche 
Figure Heloc 
Wrapped eETH 
Bitcoin Cash 
WETH 
Hedera 
Litecoin 
Cronos 
LEO Token 
Toncoin 
USDS 
Shiba Inu 
Binance Bridged USDT (BNB Smart Chain) 
Coinbase Wrapped BTC 
Polkadot 
WhiteBIT Coin 
Uniswap 
Ethena Staked USDe 
World Liberty Financial 
Ethena 
Monero 
Mantle 
Aave 
Bitget Token 
Dai 
Pepe 
OKB 
Worldcoin 
NEAR Protocol 
Bittensor 
MemeCore 