Shiba Inu price could surge 90% as burn rate increasesđđ
Shiba Inu's price may be gearing up for a comeback, potentially retesting its recent high of $0.00003045 this week. Key indicators suggest a bullish trend:đ„đ„
- 115% surge in burn rate: Shibburn data reveals a significant increase in token burning, with over 16.1 million coins removed from circulation in the last 24 hours.
- Total burned tokens: 410 trillion SHIB have been burned since inception, reducing circulating supply to 583 trillion.
- Growing Shibarium adoption: Total addresses on Shibarium have exceeded 1.89 million, with potential to reach 2 million in coming months.
Token burning, which permanently removes coins from circulation, can boost demand and drive prices up. Combined with increasing adoption on Shibarium, these factors may propel SHIB's price upward.
Key Statistics:
- Burn rate increase: 115% (last 24 hours)
- Total burned tokens: 410 trillion
- Circulating supply: 583 trillion
- Shibarium addresses: 1.89 million (and growing)
Keep an eye on SHIB's price movement as these trends unfold. #BTCâ
