The cryptocurrency Shiba Inu (SHIB) has experienced a 4.75% decrease in its price within the past 24 hours, signaling a bearish trend. However, there are positive indications in the Shiba Inu ecosystem that suggest a potential recovery. The burn rate of SHIB tokens has increased by 114.36% in the last 24 hours, resulting in the destruction of a significant amount of the token's initial supply. Additionally, the number of daily transactions on Shiba Inu's Layer-2 scaling blockchain has reached 4.75 million, indicating growing adoption and use of the network. These factors could potentially trigger a supply crunch and initiate a price rally for SHIB. The Shiba Inu ecosystem is also in a hyper bullish mode, with a recent statement by the network's marketing lead encouraging patience and belief in the future of the ecosystem.



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