ShibaCon: A Major Event for the Shiba Inu Community
ShibaCon Event Approaches
The Shiba Inu community is eagerly anticipating ShibaCon, a significant blockchain conference scheduled to take place in Bangkok, Thailand, from November 5 to November 15. Coinciding with the annual DevCon event in Bangkok, this conference will feature leaders from the blockchain industry, including DeFi, NFTs, Web3, and gaming sectors. Attendees can expect engaging keynote speeches and discussions on pivotal topics. Furthermore, developers, influencers, and content creators will have plentiful networking opportunities to connect and share insights.
Enthusiasm and Concerns
The Shiba Inu community has expressed excitement about ShibaCon, though some voiced disappointment over the inability to purchase tickets using Shibarium tokens such as SHIB, BONE, or LEASH. Despite this, the anticipation for the event remains high, as it promises a platform for exchanging knowledge and fostering innovation within the crypto sphere.
SHIB Price Fluctuations
Recently, the meme cryptocurrency SHIB experienced significant volatility. It saw a sharp decline of over 12%, dropping from $0.00001840 to $0.00001612. This downturn was influenced by broader market movements, with Bitcoin and other cryptocurrencies affected by geopolitical tensions in the Middle East. However, in the past 24 hours, SHIB has shown signs of recovery, gaining 4.7% and trading at $0.00001688.
Decline in SHIB Burn Rate
A notable development in the SHIB ecosystem is the substantial drop in its burn rate, which has fallen below zero to minus 92%. Over the past day, the community managed to burn only 800,000 SHIB in a single transaction, compared to more than 1,500,000 SHIB burned the previous day. The decline in the burn rate reflects a temporary dip in efforts to reduce the circulating supply.
Overall, these events highlight the dynamic nature of the Shiba Inu cryptocurrency and its community's ongoing efforts to engage in significant industry discussions and manage market challenges.
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