Inu (SHIB) started the week on a fairly clean note, with a major reset in some of the coin’s key growth metrics. According to CoinMarketCap, Shiba Inu’s price has risen by 0.98% in the past 24 hours to $0.00002487. This mild rebound comes after a disturbing drop over the weekend. The main goal for Shiba

Inu investors remains to break the $0.00003 price mark, and the first key catalyst to achieve this goal is the burn rate.

The burn rate has been the main interest indicator for the community over the past few months. At the time of writing, Shibburn’s data shows that the current burn rate is 164.94% with 7,128,803 SHIB burned. Although the amount of SHIB destroyed each day is low, this does not offset its impact as users believe in the project and are doing everything they can to reduce its supply.

Secondly, the retail sentiment in the market needs to be properly examined this week. If the coin has to reach the expected price levels, its trading volume needs to remain high throughout the week. Currently, daily trading volume is down 4.12% to $363,490,960. How it adjusts in the coming days may be key to driving its growth.

Finally, SHIB whale activity is also key to driving the weeks of growth records. Shiba Inu whales are currently in hibernation mode, as data from Into TheBlock shows that this indicator has plummeted 36.96% overnight. At this rate, the trading volume in 24 hours is only about $29.93 million, which pales in comparison to tokens such as Dogecoin, which have a whale trading volume of $1.16 billion.

The impact of Shibarium and other initiatives and collaborations within the Shiba Inu ecosystem may also help to restore prices to their previous bullish track.

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