Shiba Inu Coin (SHIB) is once again gaining the attention of crypto investors with its recent rise. In particular, the increase in the SHIB burn rate of over 4500% has significantly reduced the supply of this popular meme coin, increasing expectations for its value gain. The destruction of over 50 million SHIB tokens has made it possible to closely monitor changes in the supply and demand balance.
According to Shibburn’s data, as of November 28, the SHIB burn rate reached 4483%. With 53.61 million tokens burned during this period, the total supply of Shiba Inu Coin has stabilized at 589.26 trillion. This reduction in supply has created a positive atmosphere regarding the token’s value potential. In addition, major exchanges such as Binance have made a significant impact by offering new trading options for the SHIB ecosystem, increasing the coin’s liquidity and accessibility.
Shiba Inu Coin rose by 5% to $0.00002557. The lowest and highest prices during the day were recorded as $0.00002435 and $0.00002644, respectively. This increase is supported by positive formations seen on the SHIB chart. According to expert analysis, Shiba Inu is expected to experience a parabolic rise in the coming period.
The large increase in the burn rate limits the supply of the coin, while the diversification of trading options creates new opportunities for investors. The SHIB/USDC spot grid and spot DCA pairs offered by Binance have allowed Shiba Inu to be accepted by a wider range of users. These developments are among the factors that will positively contribute to the price movements of the token.
Shiba Inu Coin is seen as a valuable investment opportunity, going beyond being just a meme coin, thanks to its increasing market interest and developing technological infrastructure. This altcoin, which is on the radar of both individual and institutional investors, continues to create new dynamics in the crypto market.