Shiba Inu: Price Soars Despite Plunging Burn Rate 🔥
$SHIB 🧧🧧🧧
Shiba Inu (SHIB) has been on a remarkable upward trend recently. Despite an 84% drop in the burn rate over the last 24 hours, SHIB has gained over 70% this month and is currently trading at $0.00003009. With Bitcoin surpassing $96,000 and Ethereum holding above $3,600, the overall market momentum is positively influencing SHIB’s price.
Based on my analysis, SHIB is approaching a critical resistance level at $0.000037. If it manages to break through this barrier, the price could rally further, potentially reaching $0.00005 by the end of 2024. This strong performance, despite the reduced burn rate, indicates that market demand and community support are driving forces behind SHIB’s growth.
Even during a period of decreased token burns, Shiba Inu’s resilience and ability to maintain investor interest stand out. With its current trajectory, SHIB shows strong potential to achieve new milestones in the coming months.