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Major Twist in Shiba Inu (SHIB) Burn Rate Can Trigger Price Surge
In a surprising turn of events, the Shiba Inu (SHIB) cryptocurrency has witnessed an unexpected surge over the past 24 hours. As per our latest data, SHIB’s price has appreciated by a significant 0.45%, signaling a shift in momentum.
Despite this growth, market volume remains down by a substantial 23.47% at $831.44 million. Nevertheless, the remarkable increase in value suggests that investor sentiment is shifting towards an upward trajectory for SHIB.
It’s worth noting that SHIB has been on a rebound journey over the past week after plummeting below a critical support level of $0.000032. The coin’s price had dipped as low as $0.00002447, but its burn activity has played a crucial role in supporting its climb back up.
Industry experts are anticipating that this upward trajectory may continue, despite a subtle change in the meme coin’s burn rate. Furthermore, the retracement experienced by the broader crypto sector could also potentially support a surge for SHIB.
It is essential to keep an eye on these developments as they unfold, and our team will ensure to provide timely updates and insights.
Source:
Source: u.today
