Recent developments around the Shiba Inu token have drawn attention due to significant increases in its burning metrics and market sentiments.
Shiba Inu Token Burn
In the last 24 hours, Shiba Inu holders burned 100,530,829 SHIB, marking the largest burn of the week. The weekly total reached 128,575,727 SHIB, despite an 87.8% drop from the previous week's peak.
Technical Analysis and Sentiments
Shiba Inu has surpassed its 200-day moving average and formed a golden cross, a classic bullish signal. The Fear & Greed Index currently sits at 74, and the token recorded 17 out of 30 green days with 8.75% volatility over the last month. Forecasts project a potential rise of 27.39% to $0.00001931 by August 18, 2025.
Remittix Prospects and Investor Interest
Some large investors are reportedly pivoting towards Remittix. The presale has raised over $16.5 million by selling 557 million tokens at $0.0811 each. Remittix boasts confirmed secure smart contracts and merchant API integrations across more than 30 countries.
Thus, Shiba Inu demonstrates steady investor interest alongside active token burns, which could lead to price increases. Meanwhile, Remittix is drawing attention due to its innovative technologies and potential for rapid adoption.
