Burns Skyrocket 101%
Shiba Inu has witnessed a surge in token burns, with the daily burn rate doubling in the past 24 hours. Over 19 million tokens have been removed from circulation, a significant increase from the previous day’s 10 million.
Weekly Burn Rate Declines
Despite the daily surge, the weekly burn rate remains lower than the previous week, with 96.97 million tokens burned in the past 7 days.
Price Eyes New High
Crypto analyst Zach Humphries predicts a potential 1,000% increase in Shiba Inu’s market cap, reaching $100 billion. This would drive the price to a new all-time high of $0.00017.
Current Market Position
Shiba Inu’s price remains at $0.000017, despite a recent 4.5% drop. It has fallen behind Tron’s TRX in market cap, ranking as the 12th-largest cryptocurrency.
