Effect of improving Shiba Inu burn
Sheba's increasing burn rate seems to add a hint of hope and optimism to the adoption of memes
The reduced supply is expected to lead to scarcity of the coin, increase demand and enhance the market dynamics of the token. The Shiba Inu team believes this proactive approach. Which contradicts traditional inflationary models, positions Shiba Inu as a unique player in the cryptocurrency scene.
This impact on supply has led investors and many market experts to speculate about a potential ripple effect on the Shiba Inu price.
The price charts show that Chiba saw a 19% increase in its price as it is currently trading at $0.000027 . A previous report showed that a positive price target of $0.00004 for Chiba is just around the corner. Reaching this price level requires the coin to gain more than 100%.
While this sounds like a scary forecast. The proposed increased demand that token burning is expected to bring could push the price to $0.00004. It is the highest range in months
