Shiba Inu (SHIB) in consolidation mode as buyers find new motivation
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The social trends of Shiba Inu remain in a positive zone as, despite the current sell-offs, the token has a score of 66 on the Fear and Greed Index, proof that shows Greed is still a major characteristic underpinning investors' interest. This greed can complement any major trigger the SHIB community is banking on to stir its revival moving forward.as it relates to products and services accessible to users. In one of the latest moves, the popular SHIB wallet Shiba Inu Whales Secure 7.
Shiba Inu also brands itself as one of the most deflationary crypto projects around. Earlier this week, the protocol an over 12,800% surge in its burn rate, as millions of SHIB were sent to dead wallets, boosting the scarcity of the meme coin in circulation.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0.
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