The meme coin project's latest achievement triggered bullish discussions among users, many of whom consider the development a bullish signal.
Shiba Inu is closing in on a significant 410 trillion token milestone in its SHIB burn initiative. The meme coin project’s latest achievement triggered bullish discussions among users, many of whom consider the development a bullish signal.
The latest milestone reflects a resurgence in Shiba Inu’s supply squeeze after slowing down in the past few years. However, the effect on SHIB’s price remained negligible despite the latest upward rally.
Related: Shiba Inu (SHIB) Price Prediction for May 17
Meanwhile, technical analysts believe SHIB’s price has already factored in the previous burns. Hence, they do not expect a notable reflection of the deflationary effect of the burning exercise soon. However, the meme coin’s recent price movement highlights a potential trend to stabilize the price around $0.000015.
SHIB Pric…
The post 410 Trillion SHIB Burn Near: Analysts Weigh Shiba Inu’s Path to Price Gains appeared first on Coin Edition.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
