Krutika Adani
Seeing Dogecoin’s lacklustre performance, it is highly probable that Shiba Inu could soon emerge as the memecoin leader by 2030.
More than 15 million tokens have been burnt after the Shibarium blockchain witnessed a surge in transactions.
The surge has resulted from an increased buying in the markets after the US Fed cut interest rates by 0.5%.
Shiba Inu relies on burning to reduce its circulating supply of $588 trillion.
Shiba Inu has recovered the $0.000014 level and might soon go above $0.000015. On the downside, it has strong support at $0.000013 level.