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The SHIBA INI price campaign in the last 24 hours has been characterized by a miniature recovery after reaching a low level of USD 0.00,001237. This 24-hour price recovery is part of 15% recovery after Shiba Inu reached a low level 0.00001102 USD 11 March, which is the lowest point in over a year. Despite the low price boost, slowing down in the key metric inu inu maybe threaten this price recovery It just starts.
This threat was revealed in the speed of Shiba burn, which in the last 24 hours took on a massive 99.44% Nosedive.
Shiba Inu combustion rate drops by 99% per day
The SHIBA Inu combustion mechanism has long been considered an essential factor in its tokenomice, reducing delivery in order to cause a deficiency, and thus the propulsion value. However, in the last 24 hours, the chain data shows that the SHIB combustion rate has dropped by alarming 99.44%, which is a acute change to relatively high burns registered in previous days.
According to the data from Tracker Shiba Inu Burn ShibbbburnIn the last 24 hours, a total of 2811 819 shib tokens have been sent in the last 24 hours. Although at first glance it may look like many tokens Current market conditions. It also means a decrease of 99.44% compared to over 500 million Shiba tokens burned in previous 24-hour time frames.
Shiba Inu Burn Crash can mean trouble with the destitute mood of the market
The variability of combustion speed often has Fluctuation coincided In terms of trading and the general mood of the market, and the latest disaster raises doubts whether investors are still involved in the long -term Burn initiative. The idea of the Shiba Inu combustion process, in which shib tokens are sent to any of the three dead portfolios, is that the available power supply is reduced by constantly removing shib tokens from the circulation. This, in turn, makes the remaining tokens more valuable and helps prevent further drop in prices during market accidents.
At the time of writing this text, Shiba Inu trades for USD 0.00,001285, by about 3% in the last 24 hours. The revival of combustion speed would be an essential factor for SHIBA INU to maintain the last profits and Push to further recover. A coherent and significant burn indicator would contribute to the view that Shiba Inu has already set a local bottom after 0.00,001102 USD and pave the way to a stronger level of growth.
On the other hand, if the burn indicator continues to fall over the next 24 hours, it may weaken this recovery and boost the probability of withdrawal Return to low on March 11.
A distinguished picture from Gemini Imagen, chart from TradingView
