Krutika Adani
Shiba Inu burns have reached a low of 331k tokens on 31 July.
The low burn rate can be explained due to low transactions involving Shiba Inu.
Shiba Inu relies a lot on its burn rate to increase the value of the SHIB tokens and therefore a high burn rate is always desirable.
Shiba Inu might reach $0.01 by next year as the crypto witnesses increased adoption and utilization.
At press time, Shiba Inu traded at $0.00001647. The crypto had a resistance of $0.000021 followed by 0.000024 in the near term.