Is Shiba Inu Ready For A Rebound?
0For a time now, the Shiba Inu (SHIB) community has been burning tokens. The goal of this burn is to decrease the quantity of the meme coin and hence raise its value. The community has been stepping up its efforts to burn SHIB even though there have been moments when the burn has not risen as high as anticipated. Due to this, the amount of SHIB burnt in the previous week increased significantly, which may have a beneficial impact on price movements.
According to data from Shibburn on Twitter, 23.3 million SHIB were burnt over the course of a day. It represents an increase of more than 1,800% from the day before. Is SHIB Prepared To Run?
Source: https://bitcoinist.com/shiba-inu-community-ramps-up-burn/
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