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...
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