The volatility that has plagued most digital currencies, including well-known meme coin Shiba Inu (SHIB), has made for a very interesting week for the ecosystem of digital currencies. Shiba Inu’s burn rate has been gradually but steadily offset as of the time of writing, with a total of 26,706,224 SHIB being delivered to dead wallets to add to the millions already burned this week.
It has been a very intriguing week for the ecosystem of digital currencies due to the volatility that has beset most of them, including popular meme coin Shiba Inu (SHIB). As of the time of writing, Shiba Inu’s burn rate has been steadily but progressively reduced, with a total of 26,706,224 SHIB being sent to deceased wallets to supplement the millions previously burnt this week.
According to the SHIB price prediction, there is more to the enthusiasm driving price increase than just the effect of token burning. Shibarium is set to launch on the mainnet this month, and the community is reportedly enthusiastic about it. As a consequence of the buzz, the price of SHIB is expected to reach new highs in both the short- and long-term.
The Blockchain Futurist Conference is scheduled to host the introduction of Shibarium, which is anticipated to be a critical turning point for the meme coin ecosystem.
Shiba Inu token jumps in tandem
Shiba Inu has been steadily increasing throughout the week, but the ecosystem of the meme coin as a whole has seen amazing growth across the board in all of its tokens.
For instance, Bone ShibaSwap (BONE) has had more days of continuous gains this week and is presently trading at $1.63, up more than 24% from the start of the week (WTD). Additionally, Doge Killer (LEASH) was able to post increase of 16.49% during the previous seven days, bringing its price to $482.16.
