Shiba Inu's Value Surges 243% But SHIB's Market Price Stays Static
The Remarkable Surge in Shiba Inu's Burn Rate and Its Market Stability Recently, the cryptocurrency world witnessed an astonishing 243% spike in the burn rate of Shiba Inu (SHIB), a statistic that has caught the eye of investors and enthusiasts alike Despite this considerable increase, the price of SHIB appeared unfazed, maintaining a relatively stable position within a narrow trading range over the past 48 hours This phenomenon raises intriguing questions about the factors influencing Shiba Inu's market value Typically, a substantial burn rate might imply a potential for price increase due to the reduced supply of the token However, the expected uptick in SHIB’s price has yet to materialize, leaving investors pondering the dynamics at play...
Read more