$SHIB 130% burn rate increase shows that network's fundamental value is still increasing
Since the announcement of the Shiba Inu crypto card, we saw a rally in the number of burned Shiba Inu tokens as users have been burning close to 1 billion Shiba Inu tokens per day, decreasing the supply massively, which is one of the main requirements for SHIB to have a chance for a reversal on the market.Because of the weekend, we saw a relatively low number of burned Shiba Inu tokens today as users have removed around 500 million tokens from circulation in the last 24 hours.
Considering the fact that Shiba Inu has been moving in a sharp downtrend for the last few months, the appearance of the pattern should be considered a positive factor for the cryptocurrency, as it now shows technical potential for aAt press time, Shiba Inu is trading at $0.000011 and showing an absolutely neutral price performance in the last 24 hours, without gaining or losing its value.
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