Shiba Inu (SHIB) is trading at $0.0000281, marking a 0.51% gain over the past 24 hours and a 12% rise over the last month. Despite these increases, SHIB faces difficulty in breaking the significant resistance level set at $0.00002888. This critical resistance has proven challenging for the cryptocurrency to breach amid growing interest.
In the last 24 hours, SHIB's burn rate has surged. The term "burn rate" refers to the act of removing tokens from circulation, often seen by investors as a mechanism to increase scarcity and potentially drive up price.
