The daily chart shows that trade around SHIB is getting busier.

According to CoinMarketCap, the price of the popular meme cryptocurrency Shiba Inu (SHIB) has gone down a little bit in the last 24 hours.

At the time of this writing, the price of SHIB is $0.0000123, which is a drop of 2.88 percent since yesterday. This adds to the downward trend in SHIB’s price over the last week, as its price has also gone down 34.96% in that time.

SHIB is currently the 15th largest cryptocurrency by market cap, according to CoinMarketCap. Its market cap is $6,753,857,325. It has a big market cap because it has a lot of tokens: $549,063,278,876,302.

The SHIB community, also known as the SHIBArmy, can send tokens to a new burn portal to get rid of them. This is an attempt to limit the amount of SHIB and make it more scarce, which, in theory, should make it more valuable.

The community has already burned a number of SHIB tokens, and in the last 48 hours, that number has gone up by just over 1 billion tokens.

If you look at the daily chart, you can see that the burning of 1 billion SHIB tokens in the last 48 hours did cause SHIB to rise a little bit. On top of the tokens being burned, there was a lot of buy trade volume. But SHIB couldn’t get past the next level of resistance, which was $0.00001400.

The fact that there have been more trades in the last few days shows that people are once again interested in SHIB. This is a change from the last few weeks, when there were hardly any trades. Technical signs still show that investors are still pessimistic about SHIB. But if things start happening around the coin again, things could change for the better.

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