In the last 24 hours, Shiba Inu (SHIB) token burning rate has increased a record of 3200 %. The removal of approximately 30 million tokens from circulation led to a decrease in the total supply to 584.34 trillion. Market analysts, decreasing supply can put pressure on the price, while names such as Ali Martinez, token value increased by 50 %to reach $ 0.000020. The current price moves at the level of 0.00001296 dollars, while regulation speculation in the United States is closely related to investors.
The increase in token burning and its impact on supply
Shiba Inu’s token burning in the last day, drew attention by exceeding 30 million. With this move, a total of 410,49 trillion token has been burned since the beginning of the project. The burning of 76 million token added in March is expected to have a positive impact on the market.
The fall of circulatory supply to 584.34 trillion may trigger the famine dynamics of the token. The change in supply-demand balance may print pressure on the price, especially if investors see the token as a long-term value storage tool. However, the sustainability of the burning rate and how market liquidity will be affected.
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What do analysts and investors say?
Crypto currency analyst Ali Martinez stressed that Shıb’s technical indicators support the target of $ 0.000020. This level means an increase of 50 %of the current price. Investors state that if the burning mechanism is maintained aggressively, volatility may be experienced in the short term, but they expect positive results in the medium term.
Uncertainties on digital asset regulations in the United States increase speculation about the future of Shıb. Although there is no official explanation, the market participants predict that there will be a new mobility in the crypto currency market with the clarification of the regulatory framework.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
