#CryptoReboundStrategy Shiba Inu (SHIB) has been getting a lot of attention lately and the burn rate is up 1500% after 33 million SHIB were burned.

With the supply going down crypto enthusiasts are now thinking SHIB could hit $0.001 soon.

This is part of Shiba Inu’s token burn mechanism to permanently remove coins from circulation. By reducing the total supply SHIB holders hope to pump the price following the basic principle of supply and demand. The recent SHIB burns could be the catalyst for more price action in the next few weeks.

Weekly Burn Stats and Ecosystem Developments Boost SHIB

The burn rate isn’t a one off. Over the last week 44 million SHIB were burned. The market is still excited about the long term. This reduction in supply supports the price increase predictions especially with the broader ecosystem news.

Key news like the launch of Shiba Inu’s TREAT