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Is Shiba Inu Coin (SHIB) Finally Ready For The Big 2023 Rally?
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The year 2022 has been a roller coaster ride for the crypto market, but it has created better opportunities for the Shiba Inu coin (SHIB). Although the price of the SHIB coin has faltered due to the ongoing market turmoil, the growth behind the project does not seem to be affected. Massive token burns, large-scale accumulation activity by whales and the rampant development in the SHIB Metaverse have increased the likelihood of a potential price rally for the Shiba Inu coin.
SHIB Token Burn
In a dire attempt to reduce the massive supply plaguing one of the crypto industry’s viral meme cryptocurrency, SHIB’s token burn mechanism has been peddled up significantly this year. The “Shibburn” community has been predominantly behind these burns and every day millions of tokens are being removed from the circulating supply.
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