SHIB has not been doing well recently. As the second most popular meme coin, its position in the cryptocurrency world is a bit shaky. SHIB is now the 13th largest cryptocurrency with a market value of $7.86 billion.
SHIB is currently trading at $0.00001417, and it has fallen 4.16% in the past day, which is heartbreaking.
However, some people predict that SHIB's price will rebound, saying that it will rise to $0.00002191 on August 15, which is a direct surge of nearly 60% from the current price! Although it sounds like a dream, SHIB has experienced such a crazy rise before, so it is not completely impossible this time.
So why is this happening? The good news is that SHIB is destroying a large number of tokens, which is like reducing the supply on the market, and the price will naturally go up.
Shibburn data shows that more than 3327% of tokens have been destroyed in the past 24 hours, and a total of more than 100 million tokens have been destroyed. This is a big move!
But then again, the cryptocurrency market is like a roller coaster right now, up and down, very unstable.
So, although SHIB may rise, it may also encounter resistance. It is hard to say what the trend will be in the next few days. Let's wait and see!
