Shiba Inu burns have seen major rise, while SHIB price is on verge of breakout
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According to data shared by the Shibburn tracking platform, one of the key metrics for SHIB – the burn rate – has shot up on a weekly basis despite a negative daily reading today.Through its official X handle, Shibburn published data about the recently updated values of the Shiba Inu burn rate. According to the recently published tweet, over the last seven days, the weekly burns have made an impressive jump by more than 685%.
While the meme crypto is changing hands at $0.00002076 as of this writing, Martinez believes that the asset is likely to see a massive price jump to the $0.00002800 level or near it. If successful, that would be an increase of roughly 35% for SHIB.Over the past week, Shiba Inu has seen a decline that took it down 21.7% – from the $0.00002530 mark to $0.00001983 on Friday. By now, SHIB has printed a small rebound, rising by 4.7%, and it is changing hands at $0.00002078.
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