Shiba Inu (SHIB) has been at the forefront of the crypto market once again, thanks to a dramatic surge in its burn rate. Over the last 24 hours, Shiba Inu’s burn rate has soared by more than 242%, resulting in nearly 3 million SHIB tokens being burned. This reduction in circulating supply has sparked optimism among SHIB investors, who believe the token could be gearing up for a price rally.
When a cryptocurrency’s supply diminishes while demand remains constant or increases, basic economic principles suggest that prices could rise. The massive token burn rate of Shiba Inu (SHIB) gives hope to holders looking for an upward trend in the market.
GoodEgg Raises $250,000 in 24 Hours—How to Join the Revolution
Amid the SHIB buzz, GoodEgg (GEGG), an innovative AI-driven dating cryptocurrency, has grabbed attention by raising a staggering $250,000 in just one day. This future-focused cryptocurrency is redefining the crypto space by merging the world of online dating with blockchain technology, allowing users to participate in a revolutionary platform with real-world utility.
For those who are intrigued by GoodEgg (GEGG) and want to be part of its rapid growth, the presale is still live, and it’s attracting a massive influx of early adopters. At its current price of $0.00015, GoodEgg (GEGG) is poised for massive gains as its presale tokens continue to sell fast, with more than 74% already sold.
Shiba Inu’s Price Prediction—Will SHIB Reach $0.0001?
While GoodEgg (GEGG) continues to raise significant funds, Shiba Inu (SHIB) holders are keeping a close eye on the token’s potential for an upcoming price rally. The increase in SHIB’s burn rate, along with ongoing ecosystem developments, has led to speculation that SHIB could make a strong push toward $0.0001 in the near future.
In the past week, more than 271.05 million SHIB tokens have been burned, reducing the overall supply significantly. With demand holding steady, this reduction in circulating supply could be the catalyst needed for Shiba Inu (SHIB) to break out of its recent slump and head toward higher price targets.
Lucie, an executive at Shiba Inu, recently highlighted the upcoming incorporation of knBONE into the Shibarium ecosystem. This update could provide additional utility to Shiba Inu (SHIB), further boosting its appeal to developers and investors alike.
Why GoodEgg May Be a Better Bet Than…
Click Here to Read the Full Original Article at NewsBTC…
