news 
Major Twist in Shiba Inu (SHIB) Burn Rate Can Trigger Price Surge
In a shocking turn of events, the price of Shiba Inu (SHIB) has shown an astonishing 0.45% increase in the last 24 hours. Despite market volume experiencing a significant decline by 23.47% at $831.44 million, this price surge is a clear indication that momentum is shifting in favor of SHIB.
As reported earlier, SHIB’s price had crashed below the critical support level of $0.000032. However, the burn activity has been instrumental in supporting its climb back up. Market observers are now expecting the price to continue showing appreciable growth, even with a subtle change in the meme coin’s burn rate.
The retracement in the broader crypto sector could also contribute to triggering a surge for SHIB. The asset’s recent performance indicates that it may not be susceptible to the same market forces as other cryptocurrencies.
Source: u.today
