**Shiba Inu (SHIB) Crazy Rise! đ**
- Shiba Inu (SHIB) has surged 23% in the past 24 hours! The current price is around $0.00001895, a level last seen in mid-July.
- SHIBâs market cap has risen to over $11 billion, making it the 14th largest crypto. SHIB remains the second-largest meme coin after Dogecoin (DOGE).
- The surge may have been fueled by an upgrade to its token burning mechanism, which skyrocketed 33,800%, with nearly 2 billion tokens being sent to null addresses.
- Additionally, advancements in the layer-2 solution, Shibarium, have also played a role. The network recently surpassed 7 million blocks processed and nearly 420 million transactions.
- Some analysts are predicting further upside. JAVON MARKS sees a bullish pattern that could send SHIB up 315% to $0.000081. However, pepaâs more optimistic prediction of removing two zeros from SHIBâs valuation seems less realistic.
What do you think? Will SHIB continue to skyrocket or is this just temporary? Comment below!