Shiba Inu's Phenomenal Growth and Expectations of New ATH - Analysis

By
Alonso Rodriguez Garcia
1 min read

The popular meme cryptocurrency Shiba Inu has experienced significant growth in locked SHIB coins, while also making attempts to recover from recent declines. The SHIB community has achieved a 103.45% increase in burn rate, burning a total of 34,681,610 SHIB within 24 hours. This highlights the community's efforts to reduce the supply and scarcity of the meme coin. Additionally, the marketing lead of SHIB anticipates a new all-time high before the upcoming Bitcoin halving event. With these developments, the future of SHIB is generating intrigue and optimism. This remarkable progress and the upcoming halving event present interesting dynamics for the cryptocurrency market and its enthusiasts.

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