Destroy 18 million tokens! Shiba Inu $SHIB is about to usher in a big rise?
Did you know? The destruction speed of Shiba Inu $SHIB is simply amazing. More than 18 million tokens were burned in 24 hours, an increase of 1436%!
What's more, the Shiba Inu team said that in the next 2-3 days, $SHIB may soar by 1000%!
Now Shiba Inu (SHIB) is so popular that the price is about to rebound. According to CoinMarketCap data, from yesterday to today, SHIB has increased by 4.78%, and the price has reached 0.00001789 US dollars. This is because the Shiba Inu ecosystem is getting stronger and stronger, and Shibarium is getting more and more powerful.
With such a fast destruction speed, the total supply of SHIB has been decreasing, demand has increased, and the price has soared. From yesterday to today, the destruction speed has increased by 1436. SHIB was burned like this.
As the destruction speed increases, there will be fewer Shiba Inu tokens in circulation, which will have a deflationary effect. With less supply, the price will naturally rise, especially now that there are more and more people in the SHIB community. There are still 589.27 trillion tokens in circulation. If they continue to be burned, the value of the tokens will change drastically.
Looking at the technical indicators, SHIB is also rising aggressively.
The technical analysis of SHIB/USDT trading also supports bullishness. Look at the chart, the price has been consolidating for a while, and now it is steadily recovering. The current resistance level is $0.00001813, and the support level is around $0.00001715.
If the resistance level is broken, the next resistance level will be $0.00001900. If the support level falls below, you have to be careful, the next support level is $0.00001650.
In addition, the Shiba Inu development team also revealed that the price may surge in the next few days, possibly because of new developments or announcements. They also hinted that $SHIB may surge in the next 2-3 days. Coupled with the ongoing token destruction, the price may rise even more sharply, as some people in the community have guessed, it may rise by 1000%!
Recently, I am planning to ambush a potential coin that is ready to explode. It is still very easy to double it. At the same time, I am also preparing to find some potential coins to hold by the end of the year. It is no problem to expect more than 10 times the space. If you want to keep up, leave a message, follow, like, and share for free.
