Shiba Inu (SHIB), the self-proclaimed “Dogecoin Killer,” has the crypto world buzzing once again. This meme coin, forever linked to the adorable Shiba Inu dog breed, has witnessed a meteoric rise in both price and burn rate, igniting a passionate fire within its devoted “Shiba Army” community.
But beneath the current frenzy lies a crucial question: can Shiba Inu transform itself from a playful pup into a respected player in the ever-evolving cryptocurrency game?
Shiba Inu Burns Bright: Can It Melt The Ice Of Skepticism?
The recent surge stems from a staggering 22,432% increase in the burn rate over a 24-hour period, according to Shibburn, a platform dedicated to tracking SHIB transactions. This translates to a colossal 14 billion SHIB tokens being sent to a “dead wallet,” effectively removing them from circulation.
Proponents hail this decrease in supply as a catalyst for long-term price appreciation, echoing the basic economic principle of scarcity driving dem
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