Shiba Inu (SHIB) Burn Rate Up 2274% As it Faces a Key Support
Following the rather volatile start to 2024 the meme coin has faced, Shiba Inu (SHIB) has seen its burn rate surge 2274% at the end of the new year’s first week. Moreover, the asset is set to face a key support level, as its price is just below the $0.00001 mark. The burn activity could become a catalyst for positive price movement. Shiba Inu took to X (formerly Twitter) to share its strategy for the new year. Specifically, it stated its goal to “Make Shibarium great.” That message was shared as the layer-2 network has surpassed a host of milestones over the last week. Altogether, it could be the boost that the token needs to reverse its recent declines. Also Read: Shiba Inu: Shibarium To Burn 10 Trillion SHIB in January 2024? SHIB Burn Rate Surges as Price Reversal Could be In-Store Few digital assets boast as passionate a community as Shiba Inu. One of the most popular meme coins on the market, the asset has entered 2024 with some apparent optimism. Des...