$SHIB to surge .............!!!
The Shiba Inu (SHIB) cryptocurrency has experienced a notable increase in value, rising over 10% following the substantial burning of 360 million SHIB tokens last week. This decrease in total token supply has positively influenced market sentiment.
Additionally, the SHIB community has contributed to the burn by eliminating another 3.84 million tokens today. Despite a recent downturn, SHIB has managed to recover and is currently trading positively.
In terms of market activity, SHIB’s price has been quite volatile, with fluctuations ranging from $0.00001296 to $0.00001546. The Relative Strength Index (RSI) is around 30, suggesting that there might be some downward pressure on the price.
The significant token burn is an important event for SHIB and could potentially lead to further price increases. However, given the high volatility of the market, prices can change rapidly, and caution is advised.