Shiba Inu Soars After Massive Token Burn and DeLorean Rumors
Shiba Inu $SHIB is making headlines with a price surge following a significant token burn and cryptic hints from project lead Shytoshi Kusama.
Burn Baby Burn: Recent data shows a staggering 1,436% increase in SHIB's burn rate, with over 19 million tokens sent to oblivion. This deflationary strategy aims to decrease overall supply, potentially boosting value over time. The cumulative burn now sits at a jaw-dropping 410 trillion tokens!
Price on the Rise: Fueled by the burn and positive sentiment, SHIB broke through a key resistance level of $0.00001750, marking a potential turning point. The price jumped over 5%, momentarily touching $0.000018 before settling at a healthy $0.00001797, representing a 5.42% daily gain.
Kusama's Cryptic Clues: Adding to the excitement, Kusama has been teasing the community with potential partnerships. Recent reports suggest maintaining the price above the 100-day EMA could signal a strong comeback for $SHIB . But the real kicker? Kusama's "back-to-the-future" themed posts hinting at a "friendshib" with DeLorean Motor Company!
DeLorean Dreams: While details are scarce, the mention of DeLorean has ignited speculation. Could it be a Shiba Inu-branded DeLorean? Or a deeper collaboration between SHIB's digital world and DeLorean's automotive technology? The possibilities are mind-blowing!
A Multifaceted Approach: This potential partnership, combined with the token burn and expanding brand presence, showcases Shiba Inu's commitment to driving value. As Kusama continues to drop hints, SHIB's transformation from a meme coin to a major crypto player is a story to follow closely.
Remember: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
Source : https://the-frugal-fox.com/2022/01/15/is-the-sp-500-a-good-investment/
