Crypto.com Launches New Trading Competition for SHIB Holders

Shiba Inu: PawZone to Launch Burn Portal Among Other Projects

Over time, Shiba Inu (SHIB) has become a notable meme coin. The group behind SHIB has maintained a steady flow of new projects and development.

The SHIB ecosystem has recently gained a lot of notoriety for its illustrious benchmarks and milestone accomplishments. 

The top 20 traders will compete in a new trading competition, according to the most recent information from cryptocurrency exchange Crypto.com.

The only requirement for users to participate in the tournament is to spot trade at least $100 worth of GEL, SAND, or Shiba Inus. 

The details state that the trading competition finishes on April 26 at 06:59 UTC.

Related Reading: Shiba Inu Prediction for 2023: Can Shib Hit $0.001?

SHIB Burn Rate

Over 1.8 billion SHIB have been delivered to dead wallets in the past week, increasing the burn rate. 

The burn rate has been relatively lower this week, though. The burn rate decreased by more than 90% yesterday.

Just 250,000 SHIB have been sent to dead wallets, a 43% decrease in the burn rate.

Shibburn claims that the 250,000 SHIB that was destroyed came from a single transaction 16 hours ago.

Today’s live Shiba Inu price is $0.000011, with a 24-hour trading volume of $266,611,566. Shiba Inu is down 3.50% in the last 24 hours.

Shiba Inu is down 3.5% in the past 24 hours @Coinmarketcap.

Read Also: Shiba Inu: Shibarium Release Could Be In 2-4 Months, Says Shytoshi

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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