Crypto Market Review: While $LEASH and $BONE rally, $SHIB is trying not to fall behind
burn rate has been stagnating in recent weeks, with no significant changes in the number of tokens being burned on the network. This could be a cause for concern for some investors, who view the burn rate as an important metric for the token's long-term value. However, the current stability of Shiba Inu's price could also suggest that the token is experiencing active profit-taking, which is a bearish signal.The next resistance for Shiba Inu is at $0.
It is important to note that Chainlink's movement often has a lagging nature and follows relevant market movement only after a momentum change. Therefore, it is possible that the recent accumulation of LINK by whales is a sign of an upcoming price increase.has been struggling to break through a major resistance level on the charts, which has been causing it to lose momentum on the market.
The resistance level in question is a price level that Cardano has not been able to surpass despite repeated attempts. This has caused many traders and investors to lose confidence in the cryptocurrency, which has struggled to keep up with competitors like Ethereum and Solana. In the last seven days, Cardano has seen decelerated growth in comparison to its competitors. Ethereum and Solana have both gained around 8% to their values, while Cardano has only seen a 4% gain in the same time period.
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