ShibaInu price and burnrate slump, but the week holds promise
by 96.38%, per data from Shibburn. Within this time frame, just about 4.5 million SHIB tokens had been sent to dead wallets over the past 24 hours.
The poor start to the week was also extended to its price action. At the time of writing, SHIB is changing hands at a price of $0.000008538,by 1.43% over the past 24 hours. The growth rate for the week has also fallen by 2.80% to showcase slowing sentiment for the token in the short term. While its short term growth outlook appears bleak, Shiba Inu has promising tendencies to correct its current bearish trend owing to some of the innovations currently developing.
The Shibarium protocol is one of the major Layer 2 protocols that is yet to go live on the mainnet; however, the team behind the protocol are working assiduously to ensure the transition from its current
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