Shiba Inu has produced nearly 30% growth alone in March
As seen on the official SHIB Twitter handful, the Shiba Inu community, ‘ShibArmy’, is being teased with a major announcement scheduled for March 30. As the community continues to wonder what the update might be about, the price of Shiba Inu continues to rise.
As reported by U.Today, Shiba Inu rose more than 18% to highs of $0.0000296 on March 28. Shiba Inu produced nearly 30% growth alone in March. At the time of publication, SHIB traded up 6.03% at $0.000028, set to mark the fourth consecutive day in the green.
The past few days have seen major developments for the cryptocurrency meme. Shiba Inu recently debuted on Netcoins, an online cryptocurrency brokerage that makes it easy for Canadians to buy, sell and store cryptocurrencies. Top fashion brand John Richmond has introduced SHIB and LEASH burns for their online store. Here, 9% Shib and 1% leash will be burned for each purchase through NOWPayments.
In a March 26 tweet, it says, “More Partnershibs? Here we are coming in hot! We are proud to accept and burn SHIB and LEASH for our online shop at @Johmrichmond. 9% Shib & 1% Leash will be burned for every purchase through @NOWPayments_io.”
Along the same lines, three companies have joined the trend of burning SHIBs through NOWPayments. The aforementioned platform is currently testing a burning portal for SHIB and Doge Killer (LEASH). Italian burger chain Welly’s, fashion brand John Richmond and pizza chain Sorbillo will burn some of their SHIB profits through NOWPayments.
Recently, the @shibburn tracker shared on its Twitter page that in the last 24 hours, there have been a total of 303,686,273 SHIB tokens burned in five transactions.
According to data from IntoTheBlock, Shiba Inu whales have been on their toes over the past 24 hours, with a 349% increase in large transactions. Large transaction spikes are often associated with increased activity by institutional players, or whales, buying or selling. These transactions exceed the $100,000 moved, according to IntoTheBlock.
