Shiba Inu Burn Intensifies, Millions Of Tokens Destroyed: 'If Someone Can Pull Miracle Recovery It's SHIB'
Portfolio Pulse from Bibhu Pattnaik
Shiba Inu (CRYPTO: SHIB) has seen a 103.45% increase in token burns, with 34,681,610 SHIB tokens removed from circulation, indicating a community-driven effort to enhance its value. Despite market downturns, SHIB's price is recovering, with optimism for a new all-time high around the Bitcoin halving event.
March 23, 2024 | 6:10 pm
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Shiba Inu (CRYPTO: SHIB) has experienced a significant increase in token burns, with optimism for reaching a new all-time high, potentially boosting its price in the short term.
The significant increase in token burns (103.45%) and the optimistic outlook from SHIB's marketing lead suggest a strong community support and potential for price increase. The timing around the Bitcoin halving event could further catalyze investor interest and drive up SHIB's price.
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IMPORTANCE 90
RELEVANCE 100