COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
- The Shiba Inu token (SHIB) has seen a significant increase in the number of tokens burned in the last 24 hours, but this has not resulted in a price increase for the cryptocurrency.
- Despite the burn rate increasing by 56.16%, SHIB’s price fell by 3.86%.
- A decrease in circulation and social dominance could indicate a potential entry point for investors.
Despite a significant increase in the number of Shiba Inu tokens burned, the cryptocurrency’s price has failed to rise, indicating a possible buying opportunity for investors.
Increased Burn Rate Fails to Boost SHIB’s Price
The number of Shiba Inu [SHIB] tokens burned in the last 24 hours has increased by 56.16%, according to data from Shibburn. However, this has not resulted in a price increase for the cryptocurrency. Instead, SHIB’s price fell by 3.86% during the same period. The aim of burning tokens is to increase the value of the remaining tokens in circulation by creating scarcity, thereby tackling inflationary pressure. However, this strategy does not always result in a price increase for the token.
Decrease in Circulation and Social Dominance
Alongside the increased burn rate, there has been a decrease in SHIB’s circulation and social dominance. Social dominance measures the rate of discussions about a project compared to other top 100 assets. Currently, SHIB’s social dominance has dropped slightly to 0.677%, indicating that traders might be overlooking SHIB and focusing on other projects. This could present a potential buying opportunity for investors before the price jumps.
Potential for a Slow Recovery
While the immediate outlook for SHIB’s price is not overly positive, there is potential for a slow recovery. A surge in buying pressure could confirm an upswing, potentially pushing SHIB above $0.000030. Furthermore, the decrease in circulation could reduce selling pressure, offering some stability for the price. However, activity on the Shiba Inu network has been decreasing, indicating that any potential rally could take time. If the number of 24-hour active addresses begins to rise again, the price of SHIB might follow.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
Conclusion
Despite the increased burn rate, SHIB’s price has failed to rise. However, a decrease in circulation and social dominance could indicate a potential entry point for investors. While a significant price increase is not expected in the immediate future, there is potential for a slow recovery. Investors should keep a close eye on SHIB’s social dominance and circulation for potential buying opportunities.
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |