Shiba Inu: Can SHIB Burn its Way to $0.01?
Shiba Inu (SHIB) has had quite an eventful year in 2022. In April, the project launched its very own burn portal. The aim is to remove as many SHIB tokens from the circulating supply. Ever since fans and investors have actively participated in the burn process. At press time, SHIB’s burn rate surged to a whopping 649.92%. In the past 24 hours, 25,991,998 Shiba Inu tokens have been burned. Additionally, one single transaction was responsible for removing 10 million SHIB tokens from circulation. Source: Shibburn SHIB is undoubtedly one of the most popular crypto projects in existence. Having a low price, the project is passionately loved by fans, in hopes of it reaching “the moon.” Today in particular SHIB is witnessing massive buy orders on the popular crypto exchange Coinbase. As per the data, Coinbase has 91% buy orders for Shiba Inu, and only 9% sell orders . Additionally, the holding time has jumped from 5 months to 6.5 months, indicating growing confidence amo...