Shiba Inu (SHIB) has experienced an extraordinary surge in its burn rate, jumping by 1251% recently. This significant increase has driven the SHIB price back to the $0.000014 level.
The decreased supply resulting from burning typically helps drive up prices, provided that community demand remains strong. As of now, the outlook for SHIB appears positive.
The reduction in Shiba Inu supply, due to the increased burn rate, could lead to continued upward price movement if demand remains.
Source: www.fxcryptonews.com ↗
