Shiba Inu (SHIB) Charts Bullish Momentum, Here Are Likely Triggers

ShibaInu has joined altcoin uptrend as pulled by a rare trigger

a 1.37% growth rate to $0.00001154 in what accounts for one of the crypto's slowest starts to a week in recent times.A look at the Shiba Inu metrics shows that it is seeing a slight loss in terms of trading volume. While this metric is just seeing an uptick, the much-referenced burn rate is down by more than 98% as less than 500,000 tokens were sent to dead wallets over the past 24 hours.

This is a rather slow burn rate considering the millions of tokens that are often burnt in the Shiba Inu ecosystem prior to this time. With the current growth outlook not being fueled by positive sentiment around the burn rate, the likely trigger will be the inherent utility that the Shiba Inu protocol is making efforts to unleash.

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