Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Nine businesses have teamed up for the SHIB Burn Pledge, an initiative that promises to burn a fixed percentage of profits, sales or a dollar amount to the official SHIB burn wallet. Shiba Inu's price is consolidating in a manner that preceded the October 2021 bullish run, trading at $0.000034 at press time.
Shiba Inu declined to enter sideways movement after its impressive rally to all-time highs of $0.0000889. Shiba Inu had a 30% run in late November 2022 after the Kraken exchange announced its listing.
Shiba Inu is presently trading in a triangular pattern. Going forward, one of two things might happen: a breakout past current levels could trigger an 18% run-up to recent highs at $0.0000399. Further upside moves may attempt targets at $0.000055 and $0.000065. Alternatively, a retest of the demand zone might seek support between $0.000032 to $0.000028.
Nine businesses join SHIB Burn Pledge
It is barely three days into 2022, and the Shiba Inu token burn seems to progress at a steady rate. Steven Cooper, CEO of Bigger Entertainment, a crypto record label, shared news of the 2.75 million Shiba Inu token burn on Jan. 3. The CEO announced that a total of 889,483,100 SHIB tokens has been burned since it announced its burn campaign on Oct. 20.
Another 2.75 Million #shib gone forever. Bringing our total burned to 889,483,100 since launching our campaign on Oct. 20th. We're excited for what 2022 will bring!
Receipts, a burn counter, & playlists can be found at: https://t.co/qAZCxRSOss
Etherscan: https://t.co/wLRv7Ktebe— Steven Cooper (@iamstevencooper) January 3, 2022Advertisement
In a major burn campaign, nine businesses have joined the SHIB Burn Pledge that promises to burn a fixed percentage of profits to the official SHIB burn wallet.
The list of companies includes...
Shiba Coffee Company: A coffee-shipping company that supports the Shiba ecosystem. It states that 100% of its profits will go toward buying SHIB, 10% of which will go toward burning SHIB.
Bigger Entertainment: A crypto record label with a variable SHIB burn, in which artists agree to donate 20% of royalties to burn SHIB.
The Vibe Maquillage: A cosmetics line that burns 15% of all sales made in SHIB.
Marklien: A knitted apparel store. Twenty-five percent will be burned from all purchases using SHIB as a payment method.
Precious Paws: Deals in dog accessories and toys, and 20% of its profits will be used in burning SHIB.
Cryptoon Network: Twenty-five percent of its sales will be used to burn SHIB.
Save The F**king Trees: Seventy-five percent of earnings from gear and art will go to burns.
THE SHIBETTES | 1/1 NFTs: Burning a percentage of the proceeds from NFT sales.
Shiba Search: This will burn a percentage of ad revenue.
Vladislav Sopov
Dan Burgin