Shiba Inu (SHIB) Developers Address Burn Portal Issues To 'Increasingly Frustrated Users'

The team behind meme-based cryptocurrency Shiba Inu (CRYPTO: SHIB) issued an important update about its token burn portal. What Happened: In a July 24 blog, the SHIB developers said they had been monitoring the issues with the SHIB token burn portal in lieu of receiving a high yield of tickets from “increasingly frustrated users.

Timeline of Shiba-inu

Even as the cryptocurrency market stares at instability amid adverse macroeconomic trends, certain meme coins continue to record regular growth. In the past one month, SHIB holders created new record in a key metric despite headwinds in the crypto space.

Shiba Inu's team announced the coming of the new SHIB Burn Visa card on July 25, which burns SHIB while making payments. The post Shiba Inu announces SHIB Burn Visa Card appeared first on CryptoSlate.

The bullish revival from the $0.0098-mark laid a foundation for the recent week-long buying spree. As a result, Shiba Inu [SHIB] rose to retest the $0.0129-level after multiple weeks.

Months ago, the Shiba Inu director spoke about their new project with crypto RYOSHI. The scheme would incentivize the crypto fans to buy and get great rewards by minting the currency.

Shiba Inu (SHIB/USD) is a meme-themed cryptocurrency that has the Shiba Inu Dog as its mascot. SHIB was created as a direct competitor to another meme-coin, known as Dogecoin (DOGE/USD), which gave it the nickname of the “Dogecoin Killer.

You can't go wrong by keeping an eye on Uniglo if you're looking for the next great cryptocurrency. One of the numerous qualities that make Uniglo a worthwhile investment is its “Ultra Burn” capability.

Shibburn has reported that close to 149.6 million Shiba Inu (CRYPTO: SHIB) tokens have been destroyed and moved to unspendable wallets.  In the last 48 hours, the most significant chunk of this, about 87 million SHIB, has been moved to dead wallets in a dozen transactions.

Shiba Inu acceptance is on the upswing as the meme coin gets listed on Coins.ph, a popular cryptocurrency exchange in the Philippines. Coins.ph has more than 18 million registered users and is approved by the Bangko Sentral ng Pilipinas (BSP).

Shiba Inu price has dipped by 2.03% overnight and is now at a current price of 0.000012 USD. Nevertheless, the most popular meme coin is now ranked as the 15th largest crypto according to market cap.

Dogecoin's competitor, Shiba Inu (SHIB) recently saw a sharp surge in its holders as the crypto rebound brought approximately 7,000 investors to the SHIB network. The latest data from Coinmarketcap.com shows that 1.21 million crypto addresses now own Shiba Inu.