Shiba Inu Coin: Surge in Price Attributed to Multiple Factors

柴犬币：多重因素导致价格飙升

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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.

柴犬加密货币 (SHIB) 的价格在过去 24 小时内大幅上涨 10.4%，接近 0.000026 美元。这种激增引起了分析师和交易员的关注，引发了对其根本原因的讨论。

Contributing Factors to Price Surge

价格飙升的因素

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

据信有几个因素导致了SHIB的价格上涨：

• 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

燃烧率增加：Shiba Inu 的燃烧率增加了 1000%，导致 2911 万个 SHIB 代币被销毁。供应量的减少使价格突破了关键阻力位，目前徘徊在 0.000026 美元上方。 积极的市场情绪：比特币价格的复苏给加密货币市场注入了积极的情绪，使 SHIB 和其他山寨币受益。 与 PayPal 的合作：PayPal 与 MoonPay 的合作伙伴关系使美国用户能够直接通过 PayPal 的加密支付处理器购买 SHIB，从而提高了可访问性和采用率。 在 Kraken Pro 上上市：美国著名交易所 Kraken Pro 已将 SHIB 添加到其保证金交易对中。这使得交易者可以利用 SHIB 兑换美元，满足对 meme 启发的加密货币不断增长的需求。 链上数据和价格分析

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.

链上数据显示抛售压力有所减轻，SHIB 清算总额为 54.139 万美元。此外，Coinglass 报告称，柴犬的未平仓合约增加了 17.73%，达到 6,906 万美元，反映了投资者的兴趣。

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 的交易价格为 0.000026 美元，过去 24 小时内上涨了 10%。交易量也猛增 32%，达到 8.5 亿美元，而市值则达到 150 亿美元。

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.

分析师预测，柴犬价格将大幅上涨，预计到 2024 年 6 月 1 日将上涨 226.71%，达到 0.00007193 美元。这一预测凸显了市场乐观情绪的增长以及 SHIB 投资者未来的潜在收益。