Shiba Inu has experienced a surge in burning its tokens, with over 15 billion SHIB burned in a blitz during the month of March. This represents a remarkable 2,330.54% increase in the burn rate compared to previous months. The most successful day for burning was recorded on March 8, with almost 14 million SHIB tokens burned.
Currently, the price of a whole Shiba Inu coin stands at $0.00002643, indicating a decrease of 8.73% in the last 24 hours and a 12.31% drop over the past seven days. However, the coin has still managed to maintain a 21.60% gain over the previous month.
While it is challenging to predict the future price of Shiba Inu, early Bitcoin adopter Davinci Jeremie has recommended including SHIB in investment portfolios, which could be a positive sign for the coin in the long run.
In conclusion, the increased burn rates, combined with the development of the Shibarium network, could potentially have a positive impact on the price of Shiba Inu. However, it is advised to conduct thorough research and stay updated with the latest news before making any investment decisions.