#shib

It's been quite quiet lately for SHIB, the star of 2021. Frankly, investors have run out of patience. However, there have been strong developments recently. We now look at three developments that will increase the price of the Shiba Inu.

Shiba Inu SHIB's trading volume increase

As the week begins, the broader digital currency ecosystem is witnessing a relatively bullish trend. On the other hand, the total crypto market value increased by 2.71% and reached 1.12 trillion dollars. Within this revival, the Shiba Inu (SHIB) has taken on a modest role. Accordingly, its price is currently at $0.000007548. Reflects growth of over 1.5% in the last 24 hours

Shiba Inu's recent price rise has been accompanied by a significant increase in Trading volume. According to CoinMarketCap data, trading volume increased by more than 38%. Accordingly, it reached $103,354,639. This increase in trading activity can set the tone for the entire month. It is also an important indicator of the token's liquidity in secondary markets.

Keep an eye on the SHIB burn rate

Another important factor to monitor is the Shiba Inu kill rate. Despite over 100 million tokens sent to dormant wallets, Shibburn's latest data shows a decline in this metric due to previous performances.

However, any significant increase in the SHIB burn rate leads to a supply squeeze. It could also potentially fuel further growth for the meme coin in the short term.

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