The field of cryptocurrency has seen a major increase in the burn rate of the popular Memecoin, Shiba Inu. According to Shibburn’s data, 2,261,918 shib token burn in the last 24 hours, indicating an increase of 226% compared to the previous week. This clearly indicates that Shiba Inu Community is constantly making efforts to reduce the circulating supply of its cryptocurrency. Total 44,838,526 shib token has been burnt in the last seven days. This burn rate boom shows that the entire focus of Shiba Inu Community reduce the number of its tokens and Shib Worth Is in the direction of increasing.
A new direction from Shiba Inu and UAE’s partnership
Last week, there was a big news related to Shiba Inu, in which Shiba Inu announced a partnership with the Ministry of Energy and Infrastructure (Moei) of the United Arab Emirates (UAE). Partnership between Shiba Inu and UAE Under, Moei will digitally strong to many of its government services using Blockchain Generation. The operating system (shibos) of Shiba Inu, which is based on Shibarium, will also be included in these government services. The move will speed up its services and process, increase transparency and improve safety, with this partnership the impact of Shiba Inu in cryptospace may increase even further.
Shiba Inu Wort and Future Possibility
The current price of Shiba Inu is $ 0.00001598, with a decline of 2.75% in the last 24 hours. Recently, Shiba Inu has seen an increase of $ 0.0000162 to $ 0.00001653, but after that it also declined. Shiba Inu is now ranked 16th in Cryptocurrency ranking and its market value is $ 9.42B billion. If Shiba Inu crosses its Daily Moving Averages (SMA 50 and SMA 200), Shib Worth can reach $ 0.0000334 again. On the other hand, if the price falls, Shiba Inu can get support at the level of $ 0.0000116.
Conclusion
It is clear from the rapid increase in Shiba Inu Burn Charge and the new partnership that the future of Shiba Inu can be quite bright. Along with the efforts made by the community, the technical development of Shiba Inu, such as Shibos and Shibarium, can take it in a new direction. With this, partnership with UAE’s ministry of power and infrastructure is an important step towards increasing transparency and safety through the use of Blockchain Generation. These development can increase the attraction of Shib and it can become another better investment option for its investors.
