Shiba Inu Coin: Surge in Price Attributed to Multiple Factors

柴犬幣：多重因素導致價格飆升

Coinpedia Fintech News

Coinpedia 金融科技新聞

The Shiba Inu cryptocurrency (SHIB) has witnessed a remarkable 10.4% surge in price over the past 24 hours, propelling it close to $0.000026. This surge has garnered attention from analysts and traders, prompting discussions about its underlying causes.

柴犬加密貨幣 (SHIB) 的價格在過去 24 小時內大幅上漲 10.4%，接近 0.000026 美元。這種激增引起了分析師和交易員的關注，引發了對其根本原因的討論。

Contributing Factors to Price Surge

價格飆升的因素

Several factors are believed to have contributed to SHIB's price increase:

據信有幾個因素導致了SHIB的價格上漲：

• Increased Burn Rate: Shiba Inu has experienced a 1000% increase in its burn rate, resulting in the destruction of 29.11 million SHIB tokens. This reduction in supply has boosted the price above critical resistance, currently hovering above $0.000026.
• Positive Market Sentiment: The recovery in Bitcoin's price has instilled positive sentiment in the cryptocurrency market, benefiting SHIB and other altcoins.
• Collaboration with PayPal: PayPal's partnership with MoonPay has enabled U.S. users to purchase SHIB directly through PayPal's crypto payment processor, increasing accessibility and adoption.
• Listing on Kraken Pro: Kraken Pro, a prominent U.S.-based exchange, has added SHIB to its margin trading pairs. This allows traders to leverage SHIB against the U.S. dollar, catering to the growing demand for meme-inspired cryptocurrencies.

On-Chain Data and Price Analysis

燃燒率增加：Shiba Inu 的燃燒率增加了 1000%，導致 2911 萬個 SHIB 代幣被銷毀。供應量的減少使價格突破了關鍵阻力位，目前徘徊在0.000026 美元上方。合作：PayPal 與MoonPay 的合作夥伴關係使美國用戶能夠直接透過PayPal 的加密支付處理器購買SHIB，從而提高了可訪問性和採用率。到其保證金交易對中。這使得交易者可以利用 SHIB 兌換美元，滿足對 meme 啟發的加密貨幣不斷增長的需求。

On-chain data indicates reduced selling pressure, with SHIB liquidations totaling $541.39K. Additionally, coinglass reports a 17.73% increase in open interest for Shiba Inu, reaching $69.06 million, reflecting investor interest.

鏈上數據顯示拋售壓力減輕，SHIB 清算總額為 54.139 萬美元。此外，Coinglass 報告稱，柴犬的未平倉合約增加了 17.73%，達到 6,906 萬美元，反映了投資者的興趣。

As of now, Shiba Inu is trading at $0.000026, with a 10% increase in the past 24 hours. Trading volume has also surged by 32%, reaching $850 million, while the market cap stands at $15 billion.

截至目前，Shiba Inu 的交易價格為 0.000026 美元，過去 24 小時內上漲了 10%。交易量也暴增 32%，達到 8.5 億美元，而市值則達 150 億美元。

Analysts predict a significant price surge for Shiba Inu, projecting a 226.71% increase to reach $0.00007193 by June 1, 2024. This forecast highlights growing market optimism and potential future gains for SHIB investors.

分析師預測，柴犬價格將大幅上漲，預計到 2024 年 6 月 1 日將上漲 226.71%，達到 0.00007193 美元。