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SHIB Price To Hit $1?

Amid the surge in the Shiba Inu burn rate today, discussions are also soaring about whether the SHIB price could hit $1 in the coming days. A recent Shiba Inu price hints that the meme coin could potentially hit the major level of $1, citing several conditions.

SHIB price jumped more than 2% and exchanged hands at $0.00001812, while its trading volume jumped 31% to $319.74 million. Furthermore, CoinGlass data showed that Shiba Inu Open Interest rose about 7% today, indicating a growing market confidence towards the crypto.

Simultaneously, another recent analysis indicates that SHIB whale activity could propel strong gains in the crypto. Considering that, along with the massive jump in the SHIB burn rate today, investors appear to have remained optimistic about the meme coin’s future outlook.

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