Shiba Inu (SHIB) token has recently caused positive expectations among investors. In the last 24 hours, the burning rate increased by 1547.97 %to approximately 13.29 million token was destroyed. This development strengthened the idea that the decreasing supply may positively affect the token price in the future.
Burning Procedures and Current Data
According to Shibburn data, the burning rate increased by 1547.97 %in the last 24 hours and a total of 13.29 million SHIB tokene was permanently removed from circulation. These burning processes aim to increase the value of existing tokens by reducing token supply.
The total circulating Shıb Token amount is approximately 589.25 trillion. These data show that burning processes play an important role in reducing supply.
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Market Expectations and Analyst Opinions
Market observers, decreasing supply can prepare the ground for upward movements in the token price. In the last 24 hours, SHIB price increased by 1.72 %and reached $ 0.000013. This increase reflects the positive effect of burning processes on the price.
Analysts say that if the price exceeds the existing resistance levels, SHIB can reach higher levels. In particular, technical analysis shows that the price may rise further if certain resistance levels are broken.
Investors predict that a positive course can be followed in the market in the light of existing data. The decreasing supply is expected to be positively reflected in the token price by providing market balance. For this reason, it is recommended that investors closely monitor market developments.
Considering market dynamics and past price movements, strategic burning operations are thought to cause improvement in token price in the long term. This shapes the future expectations of investors.
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.
