Shiba Inu Surge Sparks Optimism in Crypto Market

Shiba Inu's Burn Rate and Price Surge

The popular meme coin, Shiba Inu, often nicknamed the 'Dogecoin killer', has captured the attention of many in the cryptocurrency world. On Friday, the burn rate of Shiba Inu (SHIB) soared by an astonishing 33,000%. This dramatic increase has led to a surge in the coin's price, which climbed over 20% in just 24 hours. This wave of optimism isn't limited to SHIB alone, as other meme coins like Dogecoin (DOGE), Pepe coin (PEPE), and dogwifhat (WIF) have also seen price increases.