$SHIB is facing some serious problems following the crisis on the cryptocurrency market
entered the deepest bloodbath since May. However, chances of a recovery are particularly high, and investors should not worry that much.The burning mechanism Shiba Inu is using is dissimilar to what investors got used to with Ethereum or alternative assets that control the circulating supply similarly. Merchants, traders and services that accept
as payment send a portion of their income to dedicated addresses that no one has access to. By doing so, the received funds are technically burned and will never return to circulation.The burning volume heavily depends on the activity of the cryptocurrency market in general, which is why the crisis the market is going through right now affects the burning pace so heavily.In the last 24 hours, the SHIB burn rate plunged by 92%, dropping below the 1 million SHIB threshold.
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