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Title: SHIB Burns Soar 630% — What’s Happening?
SHIB burns are reaching new heights with a staggering 630% increase, raising questions about the cause of this sudden surge. As we dive deeper into the situation, it becomes clear that the bearish outlook is not only concerning but also potentially devastating for XRP.
The metrics show that there has been an absence of new investors and dwindling network activity. In essence, a lack of fresh interest in XRP means its potential growth is limited to existing holders, which may lead to a correction in prices.
A closer examination reveals that XRP’s standing in the market has indeed deteriorated due to the decline in user growth and slowing transaction speeds. It would seem there is little chance of a significant rally without significant improvements in these key metrics.
As things stand, any reversal might rely on crucial partnerships or network upgrades.
Source: u.today
