Shiba Inu (SHIB) Burn Rate up 1,000%, Price Shows Immediate Reaction. Shiba Inu (SHIB) has witnessed a significant milestone as the burn rate for the token has surged by an astonishing 1,000%, and the token's supply keeps on s hrinking. Unfortunately, it might not be enough. Analyzing the recent price chart of SHIB, the currency demonstrates a notable response to the burn. Despite the broader market's movements, SHIB has managed to carve its own path. Post-burn, a slight uptick in the price showcases the immediate impact of reducing the circulating supply. This is viewed positively by holders who anticipate that a decrease in supply with steady or increasing demand could lead to a price increase. The price chart illustrates SHIB navigating through a consolidation phase, with a recent breach below a critical ascending trendline. This breach was quickly followed by a recapturing of the trendline, indicating that the burn news may have spurred investor confidence, leading to buying pressure that helped SHIB regain its footing above this technical support level. In the grand scheme of things, the overall cryptocurrency market, as depicted by the Bitcoin (BTC) chart, shows a healthy consolidation pattern, with Bitcoin maintaining a steady position near its recent highs. Bitcoin's price action often sets the tone for the altcoin market, and its current strength provides a stable backdrop for coins like SHIB to capitalize on individual catalysts, such as the burn event. The fact that SHIB's price has shown resilience and an immediate reaction to the burn event, even when Bitcoin's price is experiencing a consolidation phase, highlights the relative independence of meme tokens from Bitcoin's performance. However, investors should keep in mind that assets like Shiba Inu tend to follow bigger meme coins or altcoins like Ethereum, which in their turn are heavily affected by Bitcoin's movements. #BinanceTournament

The post 7 Top Cryptocurrency Coins To Invest In For 2024 That Holders Could See Explode appeared first on Coinpedia Fintech News Cryptocurrency investing has become an extremely profitable activity for investors who can pick the right coins. However, with over 10,000 token in existence and more launching each day, it can be challenging to identify the top crypto performers. This article will highlight seven promising cryptocurrencies investors may wish to buy and hold through 2024. 1. Meme Kombat (MK) One of the top crypto coins that could explode in 2024 is Meme Kombat (MK), a gaming platform built on the Ethereum blockchain. Meme Kombat’s main feature is a battle arena where users can watch AI-powered fights between meme characters and bet on their outcomes. Prizes are paid out in MK, Meme Kombat’s native ERC-20 token, which can also be staked to earn high yields. Due to its meme coin branding and unique features, Meme Kombat has attracted massive attention in its presale and raised over $2.2 million. Early investors can buy MK tokens through the presale for $0.214 before their DEX launch in January. 2. Bitcoin ETF Token (BTCETF) Next is Bitcoin ETF Token (BTCETF), designed to speculate on the potential market impacts of a spot BTC ETF being launched in the US. Due to the seismic nature of a spot ETF launch, many early backers believe the BTCETF price could soar – especially given its unique tokenomics setup. Every time an ETF approval milestone is reached, such as an official launch date, 5% of the total BTCETF supply will be burned. In addition, a 5% transaction tax will be implemented on BTCETF transfers, further reducing the total supply over time and potentially enhancing value. Although not yet available on exchanges, would-be investors can buy BTCETF tokens for $0.006 ahead of its IEO through the presale at btcetftoken.com. 3. TG.Casino (TGC) TG.Casino (TGC) is a top crypto casino integrated directly into the Telegram app, allowing users to play casino games and bet on sports markets anonymously. Offering fast deposits/withdrawals and boasting a gaming license from Gaming Curacao, TG.Casino seeks to set itself apart from other projects in the GambleFi space. The casino’s native token, TGC, can be staked to earn impressive yields and is also part of a buyback-and-burn mechanism designed to reduce the total supply. TG.Casino users who gamble using TGC will even receive 25% cashback on their losses. The TGC presale has already raised over $3.1 million in funding, with early investors able to buy TGC tokens at the discounted price of $0.17. 4. Bitcoin Minetrix (BTCMTX) Bitcoin Minetrix (BTCMTX) is another cryptocurrency that could explode in 2024 due to its unique Stake-to-Mine feature. This feature allows users to stake BTCMTX, the ecosystem’s native token, to earn cloud mining credits. These credits can then be burned to earn mining power – used to mine Bitcoin virtually and earn recurring rewards. Users can also stake their BTCMTX tokens to earn yields of 132% per year, thereby creating a dual-earning approach that could prove fruitful over the long term. Like the three projects mentioned previously, Bitcoin Minetrix is still in its presale phase, yet interested investors can buy BTCMTX tokens during the current stage for  5. Solana (SOL) Solana (SOL) is already a top crypto that investors may wish to watch in 2024 due to its potential in the blockchain space, and deep correction from its all-time high ($260 in Nov 2021, now $60 as of late 2023). Boasting fast transaction speeds, low fees, and immense scalability, Solana has become the go-to blockchain for many DApp developers. Additionally, Solana has obtained partnerships with companies like Visa, helping boost credibility and adoption. If integration and innovation continue at their current rate, Solana could be poised to compete with Ethereum next year – which might be great news for the SOL price. 6. Immutable (IMX) Investors seeking a top crypto project may also wish to consider investing in Immutable (IMX), given that it acts as a layer-2 scaling solution for NFTs. Immutable offers benefits like instant trade confirmation, zero gas fees, and carbon-neutral minting. Moreover, Immutable has forged partnerships with the likes of GameStop, helping boost its visibility and create new use cases. With the IMX token now listed on an array of Tier-1 exchanges, there’s a chance it could continue growing in 2024 as layer-2 solutions become more widely used. 7. Celestia (TIA) Lastly, Celestia (TIA) is a modular blockchain network that addresses scalability issues by decoupling execution from consensus. This approach is designed to help Celestia solve the scalability issues facing major chains like Ethereum. Using Celestia, developers can build custom blockchains themselves while benefiting from the security of the main consensus layer. In Q4 2023 TIA has already ranked among the top trending crypto projects, thanks to its recent Coinbase listing. As more developers use Celestia to build, there’s likely to be increased demand for the native TIA token – which could see it explode in 2024. 

The Shiba Inu community burn has marked a rather historic moment with the amount of tokens that have been burned in the last day. According to data from the burn tracking website Shibburn, the initiative may have just set a new record after the burn rate jumped 499,416%.Shiba Inu Burn Rate Sees Impressive SpikeThe drastic increase in the Shiba Inu burn rate has shocked the community after hundreds of millions worth of tokens were taken out of circulation. Shibburn data puts the token burn figure for the last 24 hours at over 264.2 million, a notable jump from its previous day’s figures of 2.7 million.Interestingly, the 2.7 million figure which was recorded on Sunday amounted to a 5,000% surge in burn rate, suggesting renewed interest. But nothing would prepare the community for what would come next. Its 264.2 million tokens burned by the early hours of Monday, and the burn rate had effectively risen 499,416%, one of the highest spikes in the history of the SHIB burn initiative.Source: ShibburnThe spike in burn rate was a result of 13 transactions carrying tokens toward a dead (burn) wallet. However, the most notable of these transactions happened early on Monday where a single transaction originating from the Coinbase exchange sent a whopping 261.4 million tokens to the burn address.This transaction singlehandedly accounted for around 98% of the total tokens burned so far and is the sole reason for the significant spike in burn rate. Every other transaction over this time period has carried less than one million tokens, with the highest being 777,777 SHIB burned in one transaction.SHIB price begins another downtrend | Source: SHIBUSDT on Tradingview.comCan This Spike Send The SHIB Price To $0.1?The reason for the Shiba Inu community burn is to reduce the total supply of tokens in circulation which would help to increase the value of tokens. So far, there have been over 50% of the total SHIB supply burned but there is still a long way to go.With over 500 trillion tokens still in circulation, the current burn rate would take decades to get the supply to a point where the price could realistically reach $0.1. However, this does not mean that the possibility of price increases is eliminated for the digital asset.Shiba Inu is still very bullish from the current perspective with one of the strongest communities to boot. In a bull market, it is expected that the price would once again reach its all-time high price of $0.00008 which would be a 10x from its current price. $SHIB #Shiba.Inu #ShibaSurge

🔥😱Shiba Inu (SHIB) Burn Rate Increased by 20,000%: What Does It Mean for Price? Big Increase in SHIB Burning Rate: Shiba Inu's token burning rate has increased by about 20,000% in the last 24 hours, leading to the removal of more than 260 million tokens, a record high in two months. Incineration Program for Value: About 41% of the original 999 trillion total supply of Shiba Inu, aimed at increasing the scarcity and value of the coin, has been incinerated. The Impact of Shibarium: The progress of Shiba Inu's layer-2 blockchain solution Shibarium is seen as a potential factor for future SHIB price increases with the achievement of important network efficiency milestones. SHIB Burning Rate Is On the Rise Again The popular memecoin - Shiba Inu - has once again witnessed the removal of a significant amount of tokens from its circulating supply. According to the latest data, the burn rate has increased by about 20,000% in the last 24 hours, resulting in more than 260 million assets being sent to an address that no one can access. It is worth noting that this has broken a record in the last two months. The second best day was October 28, when more than 250 million shibs were destroyed. The Shiba Inu has an enormous total asset supply of 999 trillion, with about 41% of those already removed from circulation. The burning program adopted by the Memecoin project aims to make the coin more scarce and potentially more valuable over time. Despite the impressive rate over the past 24 hours, SHIB failed to register any significant gains. Its price consolidated with yesterday's figure and fell by 5% on a weekly basis. Can the Shibarium Play a Role? Some experts and analysts have suggested that the further advancement of Shibarium, Shiba Inu's layer-2 blockchain solution, may also affect a SHIB price increase. #ShibaInu #binance #crypto2023

The burn rate of #ShibaInu $SHIB has experienced a significant surge, with millions of $SHIB tokens being permanently removed from circulation and sent to dead wallets. This surge has led to a substantial increase in the deflationary burn rate metric, reaching as high as 499,363% in a 24-hour period. The purpose of this burn rate surge is to increase scarcity and potentially enhance the value of #SHIBA . Over 40% of Shiba Inu's massive supply has already been destroyed through this strategy. The development of #Shibarium , a layer-2 blockchain solution, has also contributed to the burn rate surge, as more $SHIB tokens are being sent to nonfunctional wallets. Despite the decline in its price, the coin has seen a 10% increase in the past 30 days. This surge in burn rate has the potential to drive new capital inflows and impact the price of SHIB. #BinanceTournament This article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their research and make informed decisions.

Shiba Inu Burn Rate Skyrockets by 20,000%: What Does it Mean for the Price....?? Massive Increase in $SHIB Burn Rate: Shiba Inu’s token burn rate has surged by approximately 20,000% in the last 24 hours, leading to the removal of over 260 million tokens, a record high in two months. Burning Program for Value: Around 41% of Shiba Inu’s original 999 trillion total supply has been burned, aiming to enhance the coin’s scarcity and value. The popular memecoin – Shiba Inu – has once again witnessed a substantial amount of tokens removed from its circulating supply. According to latest data, the burn rate has spiked by approximately 20,000% in the past 24 hours, resulting in over 260 million assets sent to an address that nobody could access.  It is worth noting that this has marked a record in the last two months. The second-best day was October 28, when more than 250 million SHIB were destroyed.  Shiba Inu has a tremendous total supply of 999 trillion assets, with around 41% of those already removed from circulation. The burning program adopted by the memecoin project aims to make the coin more scarce and potentially more valuable in time.  Some experts and analysts have suggested that the further advancement of Shiba Inu’s layer-2 blockchain solution – Shibarium – could also influence a SHIB price increase.  Despite the impressive rate in the past 24 hours, SHIB has failed to record any substantial gains. Its price has consolidated at its yesterday’s figure and is 5% down on a weekly basis...

Inu Burn Rate Significantly Declines Amidst Price Drop Shiba Inu, a notable meme coin and the second-largest in the cryptocurrency space, has become well-recognized within the community. The team behind SHIB has shown dedication to its growth, exemplified by initiatives like the Shiba Inu Burn program. The Shiba Inu burn rate has garnered attention due to its fluctuating patterns. Some days experience significant increases, while others show a decline. However, the burn rate, which was showing recovery over the past few months, has reversed course. According to the latest details from Shibburn's Twitter account, the burn numbers have gone down to 49,691,122 SHIB in the last seven days. Shiba Inu burn rate dropped in the last seven days Details from the tweet reveal that 49,691,122 SHIB were sent to dead wallets in the last seven days. The burn activity happened over 26 transactions. The burn rate has considerably dropped by more than half as compared to the last few months, when almost 584 million SHIB were burned. According to the latest data from Shibburn, the SHIB burn rate has spiked by 62% in the last 24 hours. Nevertheless, only 2.1 million SHIB were sent to dead wallets during this period. According to CoinMarketCap data, SHIB is trading at $0.000008195, with a 3.7% drop in value over the last 24 hours. #SHIBFuture #dyor

TL;DR  Massive Increase in SHIB Burn Rate: Shiba Inu’s token burn rate has surged by approximately 20,000% in the last 24 hours, leading to the removal of over 260 million tokens, a record high in two months. Burning Program for Value: Around 41% of Shiba Inu’s original 999 trillion total supply has been burned, aiming to enhance the coin’s scarcity and value. Shibarium’s Influence: The advancement of Shiba Inu’s layer-2 blockchain solution, Shibarium, is seen as a potential factor for future SHIB price increases, with significant network activity milestones achieved. SHIB Burn Rate on the Rise Again The popular memecoin – Shiba Inu – has once again witnessed a substantial amount of tokens removed from its circulating supply. According to latest data, the burn rate has spiked by approximately 20,000% in the past 24 hours, resulting in over 260 million assets sent to an address that nobody could access.  It is worth noting that this has marked a record in the last two months. The second-best day was October 28, when more than 250 million SHIB were destroyed.  Shiba Inu has a tremendous total supply of 999 trillion assets, with around 41% of those already removed from circulation. The burning program adopted by the memecoin project aims to make the coin more scarce and potentially more valuable in time.  Despite the impressive rate in the past 24 hours, SHIB has failed to record any substantial gains. Its price has consolidated at its yesterday’s figure and is 5% down on a weekly basis. Could Shibarium Play a Role? Some experts and analysts have suggested that the further advancement of Shiba Inu’s layer-2 blockchain solution – Shibarium – could also influence a SHIB price increase.  The network officially went live in August and blasted through several milestones since then. As CryptoPotato recently reported, total transactions surpassed the 4 million mark, while the number of total blocks is inching toward 2 million. Those curious to learn about Shibarium’s purposes and specifics could take a look at our dedicated video below: The post Shiba Inu (SHIB) Burn Rate Skyrockets by 20,000%: What Does it Mean for the Price? appeared first on CryptoPotato.

The post 9 Best Crypto To Watch In 2024 – Which Undervalued Tokens Can 10x Next Cycle? appeared first on Coinpedia Fintech News As the crypto market braces for the next bull cycle expected in 2024, investors are searching for promising tokens positioned for explosive growth. This article explores nine overlooked tokens that showcase real-world utility and impressive fundamentals that could enable them to 10x soon. 1. Bitcoin Minetrix (BTCMTX) First up is Bitcoin Minetrix (BTCMTX), which aims to address the shortcomings of the traditional cloud mining sector and make it more inclusive. Bitcoin Minetrix is built on the Ethereum blockchain and is currently in its presale phase, having raised over $4.5 million thus far. By introducing the concept of Stake-to-Mine, Bitcoin Minetrix seeks to open up BTC mining to the masses, which could be key ahead of the 2024 halving. Not only that, but Bitcoin Minetrix includes a staking protocol that offers yields of 132% per year at the time of writing. Early investors can buy BTCMTX tokens at bitcoinminetrix.com for $0.0119. 2. Meme Kombat (MK) Meme Kombat (MK) is a blockchain-based gaming platform that combines meme culture with battle arenas. The project aims to create an engaging gaming experience by leveraging AI technology to create hilarious battles that users can wager on using MK. MK is the native token of the Meme Kombat ecosystem, used to pay battle rewards and within the platform’s high-yield staking protocol. Meme Kombat has drawn massive attention due to its unique concept, with its Twitter following growing to over 9,100 people. Early investors can buy MK tokens through the presale for just $0.214 during the current stage. 3. Bitcoin ETF Token (BTCETF) Bitcoin ETF Token (BTCETF) is a crypto project that aims to capitalize on the anticipated approval of a spot Bitcoin ETF in the US market. The project’s unique tokenomics model adapts to real-world events surrounding the ongoing ETF approval process. This model is deflationary, with a burn mechanism that reduces the total token supply by 5% every time a specific milestone is achieved. Additionally, BTCETF will have a 5% sell tax on transactions at launch – increasing the burn total even further. Bitcoin ETF Token has already generated significant buzz within the crypto community, and investors can buy BTCETF for $0.005 during the current stage of the ongoing presale. 4. TG.Casino (TGC) TG.Casino (TGC) is another project that could 10x in the next bull cycle. It is a Telegram-based casino that offers multiple rewarding features, such as no-KYC betting and a staking protocol for TGC, the ecosystem’s native token. Additionally, TG.Casino features a buyback-and-burn mechanism, where TGC tokens will be repurchased from the open market. 40% of these repurchased tokens will be burned – producing a deflationary effect that could enhance the token’s value over time. TG.Casino’s presale has now raised over $3.1 million, and prospective investors can buy TGC tokens for $0.17 during the current stage. 5. Chainlink (LINK) As the current leader in blockchain oracle services, Chainlink (LINK) provides data feeds to DApps securely and reliably. Even as the amount of value secured by DeFi protocols continues to grow, many believe that the LINK token remains undervalued compared to its real-world utility. With a whole host of potential addressable markets for Chainlink, like CCIP Readiness, the future looks bright for the project. Additionally, LINK is still trading 72% below 2021’s all-time high – meaning interested investors can still acquire tokens at a discounted rate. 6. Illuvium (ILV) Illuvium (ILV) is another token investors may wish to watch in 2024, given that it’s one of the hottest blockchain gaming ecosystems ever developed. It offers stunning open-world RPG experiences on the Ethereum blockchain, allowing players to capture and battle unique NFT creatures called Illuvials. Boasting AAA graphics and auto-battling combat, Illuvium has positioned itself as a standout project in the crypto gaming space. As adoption continues to ramp up, ILV could become an enticing 10x investment bet for 2024 and beyond. 7. Blur (BLUR) Blur (BLUR) is one of the fastest-growing NFT marketplaces, offering advanced trading tools to help traders optimize their profits. By aggregating top markets like OpenSea and providing real-time analytics, Blur allows users to execute instant arbitrage opportunities to make gains. Despite raising millions from venture capital firms, many believe Blur remains undervalued, given its first-mover advantage in multi-market aggregation. The BLUR token is trading around $0.512, yet it has soared over 110% in the past month – highlighting the growing investor interest. 8. Carbon Browser (CSIX) As the first Web3 browser with crypto features built-in, Carbon Browser (CSIX) aims to bring DeFi, NFTs, and the metaverse to the mainstream. Allowing users to earn rewards for browsing, Carbon’s innovative model incentivizes users worldwide to adopt Web3 tools. Despite raising over $600,000 in early funding, CSIX still has a small fully-diluted market cap of $87 million. As the team looks to roll out mobile apps and strike partnerships with metaverse projects, Carbon Browser has positioned itself as a potential 10x crypto in 2024. 9. Coldstack (CLS) Lastly, Coldstack (CLS) is a decentralized cloud storage aggregator that simplifies accessing storage networks like Filecoin. Coldstack allows users to tokenize files as NFTs and retain control of their data by optimizing storage costs through AI. Despite integrations with major chains like Ethereum and Polkadot, CLS has a market cap of just $353,000 – and a fully diluted market cap of $11.8 million. With data privacy becoming an increasing concern for many people, Coldstack’s groundbreaking features position it as another low-cap gem worth watching in the coming weeks.

Shibburn data shows a significant surge in the amount of Shiba Inu burned in the past 24 hours.  The data shows a 499,416% jump in the burn rate after over 264 million SHIB tokens were taken from circulation.  A wallet, “0xa9d…3e43,” contributed to the bulk of the tokens, sending over 261 million tokens. Meme coin Shiba Inu has seen a sporadic jump in its burn rate heading into the week. According to data from the Shiba Inu burn tracker, Shibburn, the burn rate jumped by 499,416% in the last 24 hours, indicating a surge in the number of SHIB tokens taken out of circulation.  Notably, the data reported shows that the surge came after over 264 million SHIB tokens were sent to dead wallets. Furthermore, the data indicated one wallet, “Oxa9d…3e43,” contributed to the bulk of the SHIB sent for burning, with over 261 million tokens transferred from it.  The recent surge underscores efforts by the Shiba Inu community to increase the token’s price. Importantly, community members expect that demand for the token will grow by reducing the total number of SHIB tokens in circulation. The collective deflationary effort from the community effort is outlined by the number of wallets that were added to the total amount burned in the last 24 hours.  However, despite the high jump in the burn rate, Shiba Inu’s price appears relatively affected by the surge. While the token saw an upward surge in the early hours of Monday, it has since nose-dived to reach current levels. In the past 24 hours, the token has added a gain of 0.77% as of writing, according to data from CoinMarketCap.  On the weekly chart, the token is down 2.47% amidst a slowdown in the crypto market from last week. However, in the past 30 days, SHIB went up 8.08%, although significantly down from the highs it recorded earlier in November.  Meanwhile, trade volumes have soared considerably, with a 64% growth in the last 24 hours. Nonetheless, Shiba Inu continues to sit as the 19th-ranked cryptocurrency by market cap. In the meme coin category, the token is the second-largest network, second only to Dogecoin.  The post SHIB Burn Rate Jumps 499,416% As Community Double Down on Commitment appeared first on Coin Edition.

Shiba Inu Altcoin Ignites Market Attention with 500K% Burn Rate Surge. Shiba Inu, a popular Ethereum-based altcoin, has once again captured the market's focus amid increasing token burn activity and a rise in price. The burn rate of SHIB tokens has skyrocketed by an extraordinary 500,000% in the last 24 hours. Startling Increase in Burn Rate for Shiba Inu. According to the latest data provided by Shibburn, a platform that tracks SHIB token burns, Shiba Inu's burn rate has shown an extraordinary increase, jumping by 500,000% in the last 24 hours. Current data indicates that 264.20 million SHIB tokens have been burned in the past day, while the total number of SHIB burned from the initial supply has reached 410.66 trillion. The Shiba Inu community's attention was drawn to a burn transaction made by an anonymous wallet address. According to the data, the wallet address starting with 0×95ad... burned approximately 261.40 million SHIB by transferring them to a dead wallet address about 2 hours ago. The continuous and steady burning of SHIB in recent days highlights the Shiba Inu community's efforts to support a price increase. Current Price Situation of SHIB. Alongside the increase in the burn rate, the price of SHIB has seen a slight rise of 1.64% in the last 24 hours, trading at $0.000008519. The price chart reveals high volatility for the altcoin in the past day. Moreover, data shows that SHIB's price has dropped by 2.26% over a weekly timeframe, which could be considered a reflection of the high volatility. It's also worth noting that the altcoin's trading volume has increased by 49.21% in the last 24 hours, and its market value has risen by 1.65% to reach $160.37 million during the day. The recent price increase in SHIB coincides with the burning of a tremendous amount of tokens, and the positive outlook for the future of this popular altcoin is leading many market enthusiasts to follow it closely. #BinanceTournament

In a surprising turn of events, the burn rate of Shiba Inu (SHIB) has experienced an astronomical jump of 499,363%, sending shockwaves through the crypto community. This unprecedented surge in burn rate has significant implications for the price of the meme coin, potentially paving the way for a bullish trend in the near future.The burn rate, which refers to the amount of SHIB tokens taken out of circulation permanently, has become a focal point for investors and enthusiasts alike. With the recent parabolic increase, the Shiba Inu community is abuzz with speculation about what this means for the coin's market dynamics.One of the immediate effects of a soaring burn rate is the reduction of the token supply. As SHIB becomes scarcer due to the burning mechanism, the basic economic principle of supply and demand comes into play. If demand remains constant or experiences an uptick, the reduced supply could exert upward pressure on the price of Shiba Inu.Investors are closely watching the market to gauge whether the increased burn rate will translate into a surge in demand. The success of Shiba Inu's price movement in the near term largely depends on whether this burn-induced supply shortage can be met with a corresponding increase in trading volume or market demand.Shiba Inu has demonstrated remarkable resilience throughout the month, and the recent surge in burn rate could be a catalyst for one of its most positive months this year. The meme coin has been no stranger to volatility, but the current conditions present an intriguing opportunity for both short-term traders and long-term holders.While a parabolic burn rate is a positive sign for Shiba Inu, investors should remain cautious and consider various factors influencing the cryptocurrency market. Market sentiment, regulatory developments, and broader economic trends can all play a role in shaping the trajectory of SHIB's price.In conclusion, the recent 499,363% jump in Shiba Inu's burn rate is a noteworthy development that has the potential to reshape the coin's price dynamics. As the supply shrinks, all eyes are on whether the market will respond with increased demand, ultimately determining whether Shiba Inu will experience one of its most positive months in recent memory. Investors should stay vigilant and closely monitor the evolving landscape of Shiba Inu to make informed decisions in this dynamic crypto market. $SHIB ~ #shibaburn #BinanceTournament