Shiba Inu (SHIB) has a total supply of one quadrillion, a huge factor hindering its price from rallying. As a result, it began burning its tokens last year, with almost half of the tokens already burned. Recently, the SHIB army has intensified its burn effort by introducing the Shibburn and the newly launched FEED token to push the price of SHIB. This has led to remarkable spikes in the Shib burn rate, which has surged once more within the past week. With the burn rate consistently increasing, the crypto community can’t stop wondering if this will start a massive rally for SHIB and if it can get to $0.001
Shiba Inu (SHIB) Burn Rate Witnesses a Sharp Spike
SHIB's burn rate jumped 900% in the past week. On November 1, in particular, the rate spiked by 254,000% after 5,581,450,000 were burned in just a single transaction. This is consistent with the long-standing dedication of the SHIB community to lowering the token supply. As investors search for tokens with restricted availability, the scarcer they get, the more SHIB tokens are burned, which might drive value. However, the rise in burn rate has not yet impacted the SHIB price, which has only risen by 1% over the past week. However, such a rally will likely not be substantial enough to push SHIB to the $0.001 mark, requiring an over 13000% surge from its present value of $0.000017. Shiba Inu will require continuous SHIB burns and perfect market momentum to achieve this. Beyond the burn rate, whale activity is impacting SHIB's price potential.
Data shows that transactions involving over $100,000 SHIB have surged to the highest levels seen this quarter. Such whale interest often signals confidence from major investors and can attract broader market interest. Other key factors could fuel or hinder SHIB’s path to new highs. One of these is the broader crypto market’s behavior. Since SHIB has historically followed Bitcoin's price patterns, a BTC surge might catalyze SHIB. For instance, SHIB rallied over 350% in the Q1 bull run as BTC reached its new all-time high (ATH) of $73,700. With the crypto community looking forward to a positive result in the U.S. election, BTC may rally, causing meme coins like SHIB to surge.
When Will SHIB Reach $0.001?
It is difficult to forecast when SHIB will reach $0.001 since reaching such a milestone will probably depend on constant, long-term burns, continued whale support, and general market confidence. Moreover, SHIB’s path to $0.001 will face resistance levels that could slow progress unless market conditions stay favorable and demand intensifies. Ultimately, while the increasing burn rate, whale activity, and active user growth on Shibarium offer a positive outlook, SHIB’s journey to $0.001 remains speculative and is unlikely to happen in 2024, 2025, or 2026.
Rexas Finance (RXS) Presale Success Offers Investors New Hope For High ROI in the Upcoming Bull Market
As Shiba Inu’s path to $0.01 remains doubtful, the crypto community might benefit from investing in Rexas Finance (RXS), a new initiative that is establishing a niche as a leader in asset acquisition and management via tokenization. Rexas Finance aims to make precious real-world assets (RWAs), including real estate, arts and collectibles, and financial assets, more readily available through blockchain-based asset tokenization. Rexas Finance allows investors to acquire fractional portions of usually expensive real-world assets by turning them into digital tokens. By reducing the entrance barrier, this project helps smaller investors diversify their holdings in assets once beyond reach, enabling greater participation.
Launched in September, the project's presale has already had fantastic success, with over $5.45 million raised as it recently completed its Stage 4 presale. RXS is now in its fifth stage presale, trading at $0.07, a price increase following the sell-out of the previous stage. Rexas Finance also provides an array of tools designed to simplify investors' DeFi experience, enabling those with zero knowledge of asset tokenization to invest. The Rexas Token Builder enables users to tokenize assets easily, while Rexas Gen AI generates high-quality digital artworks (NTFs).
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
The Rexas Estate simplifies fractional real estate investment. Rexas Finance’s official launch price is set at $0.20, and listings are planned on several top exchanges, including three from the top ten tier-one platforms. This anticipated listing could fuel increased liquidity and drive demand for RXS. Currently, RXS is already trackable on both CoinMarketCap and CoinGecko, making it more visible and allowing investors to track its presale performance before the launch. Rexas Finance has also gained traction with its $1 million RXS giveaway, providing 20 top participants with $50,000 each. This move not only puts it in the spotlight but also pulls support for the project as it builds a robust community. Some crypto insiders believe RXS could experience rapid gains post-launch, amassing incredible gains for early investors. With investors' confidence at a high and RXS gathering bullish momentum, it's well-positioned for short and long-term growth as Shiba Inu navigates its uncontrollable circulatory supply path.
Conclusion
With its present pace, the recent increase in the Shiba Inu (SHIB) burn rate may not be able to cause its price to rally to $0.001. However, Rexas Finance (RXS) offers an excellent chance for investors to participate in the lucrative real-world asset market, which was once closed off to small investors. Through asset tokenization, investors can now own fractions of traditional assets. As Rexas Finance grows alongside the RWA sector, which is estimated to grow 40% in 2030, RXS will witness impressive gains. The token is expected to surge post-launch in the short term, posting a high profit for investors.
About Rexas Finance :-
Website: https://rexas.com
Halloween Giveaway: https://x.com/rexasfinance/status/1851983620765852009
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