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.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100