The price of the Shiba Inu (SHIB) token went up approximately 20% since the end of last week. The reason behind the rally is twofold: one is that 2.41 billion Shiba Inu have been burned, e.i. sent to so-called inferno wallets in order to make the popular dog token more scarce and lift its price….
The adoption of stablecoins, digital assets whose values are pegged most commonly to the U.S. dollar, is spreading by the day as more and more private users and institutions appreciate the benefits of these tokens. As reported in a blog post by researchers Kyle Waters and Nate Maddrey at Coin Metrics, analyzing recent on-chain trends…