Is Shiba Inu (SHIB) about to usher in a new bull run? Despite the market volatility over the past few days, Shiba Inu has continued to perform well in its monthly gains. Currently, SHIB is trading at around $0.0000254, which is a 40% increase over the past period. And several key factors may mean that this rally may have just begun. Let's take a look at three bullish signals worth paying attention to.

1. The destruction mechanism is reborn: SHIB’s deflationary effect helps the bull market start

One of the most attractive new changes of Shiba Inu is the full recovery of its destruction mechanism. In the past 24 hours, the destruction rate of SHIB has skyrocketed by nearly 5,000%, and about 60 million tokens have been permanently destroyed. This wave of destruction will not only reduce the number of SHIB tokens in circulation on the market, but also increase its value by increasing scarcity.

Since the creation of Shiba Inu, the team and community have burned more than 410 trillion SHIB tokens, with approximately 589 trillion currently in circulation. As the number of burns increases, the supply of SHIB continues to tighten, which undoubtedly provides the potential for future price increases, especially if demand remains unabated.

2. Exchange reserves decline: Decentralization trend drives market bullishness

Another metric worth watching is that SHIB storage on centralized exchanges is declining significantly. SHIB storage on exchanges has fallen to its lowest level in three years, according to CryptoQuant data. This phenomenon may mean that more investors are moving SHIB into self-custodial wallets, reducing potential selling pressure.

The trend toward decentralization tends to be supportive of prices because it reduces the risk of a massive sell-off on centralized platforms. If this trend continues, it also suggests that long-term confidence in the market may be building.

3. Shiba Inu's expansion plan: Shibarium's strong growth sparks market enthusiasm

The technological innovation behind Shiba Inu is also an important factor driving its future growth. Shibarium, Shiba Inu’s second-layer scaling solution, has recently broken through several important milestones. The transaction volume on Shibarium has exceeded 500 million, and the number of blocks has exceeded 8 million.

Shibarium aims to inject vitality into the entire Shiba Inu ecosystem by reducing transaction fees, increasing transaction speed, and enhancing the scalability of the system. As the network becomes more mature, Shibarium will further promote the practical application of SHIB and bring more market demand for SHIB.

SHIB Price Prediction: Many Analysts Are Bullish, How Much Room Is There in the Future?

As SHIB’s price continues to rise, some analysts have predicted that it may usher in a bigger leap in the future. One well-known analyst said that if the SHIB price breaks through $0.00002800, it has the potential to rise by 50%. He pointed out that the current market has strong bullish signals, and traders should pay attention to the breakthrough confirmation and set the stop loss below the key support level to manage risks.

Another analyst named Charting Guy predicted that the price of SHIB could rise sharply to $0.00022, which would be a 760% increase from the current price. He asked excitedly: “Are you ready for the SHIB surge?”

Conclusion: The bull market has just begun, and the future is full of potential!

Combining the above points, Shiba Inu's future bullish potential has emerged, especially driven by the destruction mechanism, the decline in supply, and the strong development of Shibarium. Although the market is still full of uncertainty, these signals undoubtedly provide enough confidence for SHIB investors. If you don't want to miss this possible bull market, you might as well continue to pay attention to my dynamics and make wise investment decisions.

Remember to pay attention to Brother Tang. Today's market is like that restless river, flowing in an unpredictable way. Anyway, whether it goes up or down, the most important thing is that we have our own rhythm, follow our own strategy calmly, and stay steady! Maybe one day, we will be the low-key "rich man".

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