Important Warning From Shiba Inu Team Member as SHIB Burn Rate Drops 100%

Crypto Blog

The cryptocurrency market has seen a slight recovery over the past 24 hours, with most of the top 100 coins in the green. Bitcoin and Ethereum prices are up around 2% each, while XRP has gained over 4%.

The total cryptocurrency market capitalization has also seen a modest increase, currently standing at around $2.26 trillion. Bitcoin’s dominance is at 42.3%, and Ethereum's market cap is now around $373 billion, with a market dominance of about 16.5%.

Among the top 10 coins, XRP has shown the strongest performance, rising by more than 4%. The recent announcement by Ripple might be a contributing factor to the increase in demand for XRP.

As for the meme coin sector, most of the top coins have also seen gains, with Bonk Inu, Brett, and Mog Coin being among the notable gainers. The second-largest in the cohort — Shiba Inu — is up around 2% in the past 24 hours, while its market cap is just south of $10 billion.

Despite the revival, some metrics related to the token’s ecosystem have plummeted substantially. For example, the number of active addresses on the network has dropped below 3,500, while the number of total blocks processed on the network in the last 24 hours has plummeted by over 70%.

The USD equivalent of the stash might be insignificant, but continuous efforts in that field can have a positive effect.

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