Interest in the meme coin project Shiba Inu (SHIB), which is closely followed by the crypto money market, is increasing day by day. Finally, the famous technology entrepreneur Shannon Bray, one of the candidates for the North Carolina State Governorship of the USA, continued her support for SHIB, claiming that SHIB offers a tremendous buying opportunity! Here are the details…
North Carolina Governor’s Candidate Announces: SHIB May Rise!
cryptocoin.com As we have previously reported, Shannon Bray, a famous technology entrepreneur and US North Carolina State Governor candidate known for his support to SHIB, made critical statements about SHIB in his Twitter posts on May 13, 2023. The expert thinks that the instant five zero price of the Shiba Inu is a great buying opportunity. As you know, SHIB price managed to hold on to the $0.00001 support level in January 2023 and managed to maintain its permanence in the last five months. However, Shiba Inu added another zero to its price, with the support level lost in May.
North Carolina Governor candidate Shannon Bray, who has been known for his support for SHIB for a long time, argues that the price contains an instant bullish signal and confronts investors with a potential buying opportunity. However, the famous name conveys his opinion that the price of SHIB follows the leading altcoin ETH. Ethereum and Shiba Inu experienced decreases of up to 7 percent in the first week of May. Shannon Bray believes that in a possible Ethereum rally, SHIB price will exceed $0.00001.
The famous entrepreneur continues to support SHIB!
As you know, Shannon Bray has previously expressed her support for Shiba Inu and announced that she has regularly purchased SHIB. However, Bray revealed that he also converted his paychecks to SHIB and used all his remaining assets only to pay his bills. With the rise of PEPE recently, the famous name defines SHIB as the “king of meme coins” and continues to support it.
In addition to this, he said that the interest in SHIB has increased and he draws attention to the fact that SHIB is an excellent investment tool in the long run. On the other hand, responding to the slanders thrown at him by some crypto investors, the name states that he does not receive any fee to support SHIB and is completely his own thoughts. Instantly, SHIB price is trading at $0.000000879 and has gained 1.2% in the last 24 hours.
The community continues to burn the SHIB!
Support for the Shiba Inu from the SHIB community last week caught the attention of many investors. The community has burned meme coins with the aim of increasing the value of the remaining coins. According to data shared by Shibburn, the SHIB army has burned nearly 2 billion SHIB over the past week. This means that a total of 1,740,061,669 Shiba Inu coins have been removed from circulation. This is a significant drop compared to the previous week, when around 5 billion cryptocurrencies were burned. The decrease in the number of SHIBs burned indicates that the hype surrounding the SHIB may be on the wane.
Despite the decrease in the number of coins burned, the SHIB price has started to make up for its recent losses. The amount of SHIB burned in the past 24 hours amounted to 8,029,996, which is the same as the previous day. This indicates that the value of the coin is still fluctuating. SHIB’s total supply currently stands at 589,361,030,802,738.
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