Shiba Inu SHIB/USD A monthly gain of 72% and its active coin burning mechanism continues to power optimism among traders.
| Cryptocurrency | Price | Market capitalization | 24 hour trend | 7-day trend |
| Shiba Inu SHIB/USD | $0.00002905 | $17.1 billion | +1.6% | +21% |
| Dogecoin DOGE/USD | $0.4164 | $61.2 billion | +1.7% | +10.2% |
| Pepe PEPE/USD | $0.00002025 | $8.5 billion | +1.1% | +12% |
Trader Notes: Crypto trader Bluntz Capital wait enthusiasm from the same corners to reignite retail interest in projects like Dogecoin, Shiba Inu and Floki.
Trader Astekz says Shiba Inu is consolidating and could start a new uptrend ahead of Dogecoin.
Statistics: Shibburn data shows that a single transaction burned 2.02 billion SHIB tokens, propelling the daily burn rate up 3,454.2%.
IntoTheBlock data shows that despite a 2.3% increase in large transactions, daily active addresses fell by 24.4%.
High-value transactions over $100,000 increased from 1,776 to 892 in 24 hours.
Daily transactions remained stable at 4.74 million, consistently exceeding the 4 million mark for over a month.
Analytics firm Santiment released data showing strong network growth for SHIB, with 7,548 new wallets added on December 1, reflecting increased community engagement.
The On-Chain Analytics Platform underlines that while short-term price volatility may occur due to increased retail activity, the long-term trajectory indicates increasing utility on the Shiba Inu blockchain.
Community News: The Shibarium team announcement a crucial hard fork planned for the end of December 2 to address scalability challenges.
The upgrade aims to improve network performance, enabling seamless processing of more transactions during peak periods.
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