{"id":129522,"date":"2024-11-24T11:43:51","date_gmt":"2024-11-24T04:43:51","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=129522"},"modified":"2024-11-24T11:43:51","modified_gmt":"2024-11-24T04:43:51","slug":"shibarium-tvl-surges-impact-on-shiba-inus-burn-rate-shibs-price","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=129522","title":{"rendered":"Shibarium TVL surges: Impact on Shiba Inu&#8217;s\u00a0burn rate, SHIB&#8217;s price"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li><em><span style=\"font-weight: 400;\">Shibarium hit milestones in TVL and block production recently.<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">SHIB showed bullish signs as the burn rate picked up.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Shibarium has recently made headlines by surpassing 8 million blocks, coupled with a significant spike in Total Value Locked (TVL). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As <a href=\"https:\/\/ambcrypto.com\/category\/shiba-inu-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Shiba Inu [SHIB]<\/a> enthusiasts celebrate this milestone, the relationship between TVL, token burns, and price trends becomes a key point of analysis. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Could the surge in TVL drive further price recovery for SHIB, or is the burn rate insufficient to impact market sentiment?<\/span><\/p>\n<h2><b>Shibarium TVL sets new records<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Shibarium\u2019s TVL has experienced a substantial uptick, moving closer to $5 million, as per data from <a href=\"https:\/\/defillama.com\/chain\/Shibarium?tvl=true&amp;borrowed=true&amp;doublecounted=true&amp;vesting=true\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">DeFiLlama<\/a>. As of this writing, the TVL was $4.72 million, its highest in history. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This increase reflected rising investor confidence and expanding use cases within the Shiba Inu ecosystem. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Historically, higher TVL correlates with improved liquidity and network activity, providing a positive backdrop for token valuation.<\/span><\/p>\n<div id=\"attachment_445535\" style=\"width: 883px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/download-2-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-445535\" class=\"size-full wp-image-445535\" alt=\"Shibarium TVL\" width=\"873\" height=\"540\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/download-2-1.png 873w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/download-2-1-300x186.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/download-2-1-768x475.png 768w\" data-lazy-sizes=\"(max-width: 873px) 100vw, 873px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/download-2-1.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-445535\" class=\"size-full wp-image-445535\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/download-2-1.png\" alt=\"Shibarium TVL\" width=\"873\" height=\"540\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/download-2-1.png 873w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/download-2-1-300x186.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/download-2-1-768x475.png 768w\" sizes=\"auto, (max-width: 873px) 100vw, 873px\"\/><\/a><\/p>\n<p id=\"caption-attachment-445535\" class=\"wp-caption-text\">Source: DefiLlama<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Comparing the growth trajectory, the <a href=\"https:\/\/ambcrypto.com\/shibarium-nears-a-milestone-as-shib-faces-a-decline\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Shiba Inu<\/a> Layer 2 (L2) surpassed previous benchmarks earlier this year, signaling enhanced network adoption. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The influx of liquidity coincided with increasing transaction volumes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, AMBCrypto\u2019s analysis of the <a href=\"https:\/\/www.shibariumscan.io\/stats\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">network data<\/a> revealed a significant surge in active accounts, climbing from 2,284 to 12,041\u2014a 427% increase. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This growth was driven by the increase in new accounts, with analysis showing a growth from 104 to 5,083, representing over 4,000% growth rate.<\/span><\/p>\n<h2><b>Shiba Inu\u2019s burn rate shows progress<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The <a href=\"https:\/\/ambcrypto.com\/shiba-inu-burn-rate-spikes-6223-can-shib-break-resistance-for-a-rally-now\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Shiba Inu<\/a> burn mechanism, an integral ecosystem component, aims to reduce token supply and increase scarcity. Data from <a href=\"https:\/\/www.shibburn.com\/#google_vignette\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">Shibburn<\/a> indicated that over 1 billion tokens were burned in the past month. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, in the last 24 hours, over 171 million had been burned, representing an over 4,000% increase.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, while the burn rate has shown incremental growth, it needs to match the scale of SHIB\u2019s circulating supply.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, there was an inverse correlation between token burns and market price. So, the burn mechanism\u2019s impact remained marginal without factors such as increased demand or broader market momentum.<\/span><\/p>\n<h2><b>How SHIB has trended<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">SHIB\u2019s price has demonstrated resilience, climbing over 7% in the last 24 hours to $0.00002726. The daily chart highlighted a bullish trend, supported by the MACD and RSI indicators. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The RSI was 67 at press time, edging closer to the overbought zone, signaling potential consolidation in the short term.<\/span><\/p>\n<div id=\"attachment_445537\" style=\"width: 1803px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-23_09-17-16.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-445537\" class=\"size-full wp-image-445537\" alt=\"Shiba Inu price trend\" width=\"1793\" height=\"740\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-23_09-17-16.png 1793w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-23_09-17-16-300x124.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-23_09-17-16-1024x423.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-23_09-17-16-768x317.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-23_09-17-16-1536x634.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-23_09-17-16-1200x495.png 1200w\" data-lazy-sizes=\"(max-width: 1793px) 100vw, 1793px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-23_09-17-16.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-445537\" class=\"size-full wp-image-445537\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-23_09-17-16.png\" alt=\"Shiba Inu price trend\" width=\"1793\" height=\"740\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-23_09-17-16.png 1793w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-23_09-17-16-300x124.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-23_09-17-16-1024x423.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-23_09-17-16-768x317.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-23_09-17-16-1536x634.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SHIBUSD_2024-11-23_09-17-16-1200x495.png 1200w\" sizes=\"auto, (max-width: 1793px) 100vw, 1793px\"\/><\/a><\/p>\n<p id=\"caption-attachment-445537\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Moving averages indicated strong support at $0.00002009, with the 200-day MA acting as a key long-term resistance level. The Bollinger Bands reveal expanding volatility, consistent with the recent price surge.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While Shibarium\u2019s TVL growth has created a favorable macro environment, the price action showed that SHIB still faced a significant resistance at $0.00003500, a level it must break to sustain its upward momentum.<\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\">Is your portfolio green? Check out the <a href=\"https:\/\/ambcrypto.com\/calculator\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">SHIB Profit Calculator<\/a><\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">The convergence of Shibarium\u2019s rising TVL, Shiba Inu\u2019s token burn activity, and market recovery painted a cautiously optimistic picture for SHIB. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the impact of burns on price remained limited without substantial demand-side catalysts.<\/span><\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/ftm-surges-20-in-24-hours-key-levels-for-traders-to-watch\/\" rel=\"prev\" data-wpel-link=\"internal\">Fantom surges 20% in 24 hours: Next key levels for FTM<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/shibarium-tvl-surges-impact-on-shiba-inus-burn-rate-shibs-price\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shibarium hit milestones in TVL and block production recently. SHIB showed bullish signs as the burn rate picked up. Shibarium has recently made headlines by surpassing 8 million blocks, coupled &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=129522\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-129522","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/129522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129522"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/129522\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}