The Shiba Inu community continues to maintain a steady burn rate, positively impacting the overall supply of SHIB tokens. By reducing the circulating supply, the burn mechanism aims to increase the value of the remaining tokens.
Simultaneously, the development and growth of the Shibarium network, Shiba Inu’s Layer-2 solution, is gaining traction. Shibarium's growth enhances the utility of SHIB, potentially driving further adoption and price stability.
Together, these factors might play a crucial role in determining SHIB's future price movements, making it an interesting development for investors to monitor.
