CandleFocus Major Twist in Shiba Inu (SHIB) Burn Rate Can Trigger Price Surge
2024-12-14
Author: Content Editor
The cryptocurrency Shiba Inu (SHIB) has shown interesting metrics in the past 24 hours and over the week. Shibburn, an online transaction tracker, has noted that the burn rate of SHIB, which measures how much is sent to dead wallets, could lead to a price increase. The daily burn rate shows a significant amount of SHIB being sent to dead wallets, but the weekly burn rate appears lower, indicating a stabilization of supply and price performance. Market analysts believe this could trigger a price surge for SHIB and increase investor confidence. Despite a recent dip in price, SHIB has been on a rebound journey and market observers expect continued growth.
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