# $300 Million Trading Volume Improves SHIB Price

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Last modified: 2023-02-12

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By Ivy Heffernan · 2023-02-12
Tags: Headline News, Crypto, Featured, Must Read, Most Popular, Shiba Inu, 2023, Ivy Heffernan
Signed: no (published before platform launch).
Nothing in this article is investment advice.

Shiba Inu has a market cap of more than $6 billion and it's price has increase over 20,000% in the past year. Shiba Inu's burn rate has increased to 1000%, this could indicate it's comeback. Why this burn rate matters? In the cryptocurrency market, rising burn rates generally signal increased demand and greater investor interest. The burn rate is a reflection of a token's overall activity.

**Price Update:**

Current price is $0.000013. 24-hour trading volume of $277 million. 24 hours increase close to 2%. #13 ranking on CoinMarketCap. Current market cap of $7 billion.

***To speak to a professional on Crpyocurrency, contact ******[KXCO.IO](https://kxco.io/)******.***

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