The Shiba Inu (SHIB) cryptocurrency has seen a remarkable increase in its burn rate, climbing up to 4100%. This development has sparked hope among traders and investors about the potential rise in SHIB's price.
This surge in the burn rate has contributed to a positive outlook in the broader cryptocurrency market. Each burned token effectively reduces the circulating supply of SHIB, potentially driving up its value if demand remains strong.
The news of this burn rate spike has captured the attention of the crypto community, with many now eagerly anticipating the potential impact on SHIB's price trajectory.
