The crypto money market is still active in recent days. However, this time the name of the agenda, neither Bitcoin nor Ethereum. All eyes are on popular breast coin shiba Inu (Shıb)! Lucie, one of the community managers, a remarkable sharing, “Shiba Inu Etf is coming?” He brought the question back to the agenda. This rumor created great excitement in the market. Moreover, when this development coincided with the same period with the surprising increase in Shıb burning rate, investors began to hope.
Shiba Inu ETF claim: Could it be real?
Lucie’s sharing on social media brought the possibility that Shiba Inu could turn into an ETF product. So why now? Because SHIB is traded on more than 110 stock exchanges and has more than 200 trading parities. This means a serious advantage in terms of global accessibility.
According to Lucie, Shiba Inu is not just a “breast coin”. On the contrary, the decentralized structure, powerful community and long -term goals are perfect for ETF. Crypto ETF applications are increasing in these days, Shıb’in this wind may be a matter of time.
Shiba Inu Burning Figures Break Record
Not only the possibility of ETF, but also the technical data on the Shıb side excites the investor. The 8454 %increase in burning rates is seriously remarkable. In the last 24 hours, over 1 billion shib was burned. This is an important development that can put pressure on the price by reducing supply.
The decrease in circulatory supply always creates a positive expectation in terms of price. If the demand remains constant or increases when the supply falls, the price moves upward. In other words, both ETF rumors and burning data are a positive picture for Shıb.
Are prices ready to rise?
At the moment the article is written, SHIB is traded at $ 0.00001303. Seeing the level of $ 0.0000128 during the day, Coins increased to the highest $ 0.00001309. Although it may seem small, this volatility can be a harbinger of big movements.
In addition, the open positions in the derivative transactions increased by 3.5 %to $ 121.69 million. The 24 %increase in transaction volume is also remarkable. These data show that investors’ interest in Shıb is increasing. Investors have now turned their eyes to an ETF announcement. If this step takes place, a whole new period may begin for Shıb.
