Shiba Inu Coin Burns in July? Analysts’ Shib Price Predictions

The post Shiba Inu Coin Burns in July? Analysts’ Shib Price Predictions appeared first on Coinpedia Fintech News

Shiba Inu’s excitement is ramping up as its team hints at a development that will bolster SHIB burn.

Will these burns help boost the SHIB price in July? Let’s find out what analysts think.

Positive Price Outlook Amid SHIB Burn Hype

The SHIB supply could be about to shrink at an unprecedented rate.

Community-led burning has risen recently, with 10,367,937 SHIB burned today – a 63% increase from yesterday.

In the past 24 hours, there have been a total of 10,367,937 $SHIB tokens burned and 9 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. pic.twitter.com/ODQJ4X7yDL

— Shibburn (@shibburn) July 5, 2024

However, a cryptic tweet from Shiba Inu marketing lead LUCIE indicates that the team may be about to implement a change that bolsters the SHIB burn mechanics.

Me & @shibacals are cooking up something special – get ready to see some $Shib burn!