Shiba Inu Burning Is the Major Factor Triggering Its Price

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When Shiba Inu was introduced to the highly volatile cryptocurrency market, crypto investors recognized this cryptocurrency as the meme coin.

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The current cryptocurrency price is US$0.00002624 with a market capitalization of US$14.41 billion.

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The driving force of this crypto investor community-led burning initiative is non-related and unofficial Shiba Inu tokens ETH SHIBA and 1CENT

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It has been speculated that ShibaSwap 2.0 is set to support a new burning mechanism for this Shiba Inu burning strategy

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But the speculation is that the entry to the cryptocurrency market will be by the first half of 2022 with the Shiba Inu burning strategy

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Thus, it can be said that crypto investors can expect an increase in the cryptocurrency price for a long period of time

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There is a piece of good news for crypto investors who invest in this cryptocurrency that the token burning strategy will continue in the nearby future.

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The creators of this cryptocurrency are focused on making the burn rate grow with the utilization rate of the platform.

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Shiba Inu burning is also assisted by different catalysts such as gaming capabilities, increase in number of online exchanges, and many more.

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Now, NFTs Can Be Linked To Profile Photos On Twitter

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