5-27 22:30

From Weibo Web Edition

Inu (SHIB) started the week on a fairly clean note, with a major reset in some of the coin's key growth metrics. According to CoinMarketCap, Shiba Inu's price has risen 0.98% in the past 24 hours to $0.00002487. This mild rebound comes after a disturbing drop over the weekend. Shiba

The main goal for Inu investors remains to break through the $0.00003 price mark, and the first key catalyst to achieve this goal is the burn rate.

The burn rate has been the main interest indicator for the community over the past few months. At the time of writing, Shibburn data shows that the current burn rate is 164.94% with a burn volume of 7,128,803 SHIB. Although the amount of SHIB destroyed each day is small, this does not offset its impact as users believe in the project and are doing everything they can to reduce its supply.

Secondly, the retail sentiment in the market needs to be properly examined this week. If the token has to reach the expected price level, its trading volume needs to remain high throughout the week. Currently, daily trading volume is down 4.12% to $363,490,960. How it adjusts in the next few days may be the key to driving its growth.

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