$6 gift for everyone Go to Binance Pay and a red envelope and put this code (BPJ05 QIQSC) Delete the space in the code and congratulations ๐ Shiba Inu is stirring up excitement as 1.16 billion SHIB tokens were burned in January, boosting optimism about a huge price rise.
Key points
SHIB price is hovering around 0.00001871 and facing resistance at 0.000022
Burning tokens reduces supply, enhancing long-term price potential.
The meme coin briefly crossed resistance in mid-January before returning to decline.
Market analysts believe that a break above $0.000022 could open the doors for an upward wave.
Community optimism remains high despite short-term consolidation
This represents an average daily burning of 37.52 million coins. As a result, traders and investors remain optimistic about the Shiba Inu price amidst the low supply, reflecting the law of supply and demand.
Increase weekly burn affects
Furthermore, the weekly meme coin burn rate was a whopping 2104.39%, highlighting the ongoing burns affecting the circulating supply. Notably, 1.13 billion tokens were burned in the past seven days, in line with the massive monthly burn.
Shiba Inu may not hit $0.0313 right away, but the ongoing burn and bullish sentiment point to significant gains ahead. Follow this explosive asset.
$SHIB
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.