Shiba Inu (SHIB) has experienced an extraordinary 7,911% increase in its burn rate within the past 24 hours. This development signals bullish prospects for the crypto, currently ranking as the second-largest meme coin by market capitalization.
The significant rise in burn rate may catalyze a SHIB price movement, potentially rallying towards its all-time high. Observers speculate that this could indicate the beginning of an upward trend for the cryptocurrency.
With the burn mechanism reducing the availability of SHIB tokens, there is potential for increased value, attracting investor interest and potentially pushing the price towards the target of $0.00008.
