Breaking News- Shiba Inu: Is the burn rate showing signs of improvement?

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#ShibaInu burn sees mixed burn rates-

As of 22 October, Shiba Inu’s burn statistics revealed a substantial #surge in the token’s burn rate, which reached 53.5% at the time of this report.

This increase in burn rate marked a positive development, particularly in light of the recent decline in the weekly burn rate, which stood at -2.5% as of the same point in time. The negative weekly burn rate indicated a decrease in burns when compared to the previous week.

The heightened daily #burn suggested a potential for the weekly burn rate to improve in the near future. Additionally, factors such as the token’s price may also contribute to enhancing the overall burn rate.

$SHIB veers off the march to bullish trend-

On a daily timeframe, #SHIB displayed a notable trend of three consecutive days of price increases, with the most recent increase exceeding 2%. Nevertheless, at the time of this report, the price trend had stalled, and the asset was trading with a slight loss of less than 1%.