SHIB has been incredibly popular recently, with a consumption rate skyrocketing by 1300%!
This has led many people to believe that the price of SHIB is about to soar.
Just last Saturday, the amount of SHIB being burned surged, and it's not a small number—34.91 million tokens! As a result, there are now significantly fewer Shiba Inu coins in the market, with only 589.26 trillion tokens remaining.
According to our usual logic when buying things, when there are fewer items, the price should go up, right? So, everyone is guessing that the price of SHIB will likely jump this time.
Moreover, in this past week, a total of 110.64 million Shiba Inu coins have been burned. This burning mechanism acts like taking some SHIB out of the market, making them scarcer, which naturally drives the price up. Everyone is keeping an eye on this dog-themed coin, believing that it will definitely rise in the future.
Speaking of price, SHIB is currently at $0.00001899 per token. Although there has been some volatility today, everyone remains very confident in it. A place called CoinGape Media even analyzed that the price of SHIB could potentially increase to 2.5 times its original value!
With the rapid burn of SHIB and the big players starting to take action, it would be hard for the price not to rise!
Recently, I plan to set up a position in a potential coin that is ready to explode, doubling my investment should be quite simple. At the same time, I am also looking for some potential coins to hold until the end of the year, expecting a space of more than 10 times is not a problem. If you want to join in, like and leave a message for a free share.
