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Shiba Inu experienced a 7% price increase, aligning with a broader market uptick of the cryptocurrency market.
The rise in SHIB’s value could be linked to a significant increase in its token burn rate and upgrades to its Shibarium layer-2 solution.much of the cryptocurrency market. Bitcoin jumped to almost $63,000, Ethereum is close to surpassing the $3,000 mark, while Solana crossed $145. The revival in the meme coin sector is also evident. Shiba Inu’s biggest rival – Dogecoin – is up 3% in the past hour.The mechanism’s ultimate goal is to reduce the tremendous circulating supply of the asset, making it scarcer and potentially more valuable in time.
Shibarium’s advancement is also worth mentioning. Shiba Inu’s layer-2 scaling solution recentlyOne Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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