Will $SHIB Reach $0.1 or Even $1? The Burn Continues! 🔥
The Shiba Inu (SHIB) burn mechanism remains active, with Shibburn reporting a 1,813,008 SHIB burn in the past 24 hours. Although this may appear modest, the burn rate has soared by 112%, indicating a renewed push toward reducing supply.
🔹 A Sharp Increase: The previous day saw just 851,788 SHIB burned, marking a 63% decline before this latest recovery.
🔹 Supply Reduction in Progress: While the current burn volumes remain relatively small, every token removed from circulation contributes to long-term scarcity.
🔹 Market Influence: This surge in burn rate coincides with SHIB’s latest price rebound, suggesting that renewed market momentum could play a role.
🔥 Can SHIB Hit $0.1 or Even $1?
Despite the growing burn rate, achieving such ambitious price milestones depends on broader adoption, ecosystem expansion, and sustained token utility. While burning tokens helps decrease supply, macroeconomic factors and market trends will ultimately shape SHIB’s price trajectory.
Are you bullish on SHIB’s future? Drop your predictions below! 🚀🔥👇