$SHIB
🚨SHIB Burn Rate Declines Sharply as Market Cap Slides🚨
More so, burning tokens on the blockchain has significantly declined. According to Shibburn, just 200,000 Shiba Inu coins were burned during the last 24 hours, a reduction of over 98%. But the current burn for the last seven days is 143.5 million, a rise of 18.98% from the previous week.
Altcoins have also decreased in price as the crypto market slows down. The long-term outlook for Shiba Inu price is driven by broader trends, but in the short term, the meme coin relies on recovering key technical levels.
Analysts believe Shiba Inu price trend could change if it moves above both the 50 and 200 exponential moving averages.
