đ¶ Will SHIB Price Hit $0.000037?
At the time of reporting, Shiba Inu price gained nearly 2% intraday and is trading at $0.00002595. The coinâs 24-hour low and high were $0.00002494 and $0.00002609, respectively. Notably, the weekly and monthly charts for the crypto indicated gains worth 5% and 39%, respectively. Overall, the meme coin surfs bullish tides mirroring market optimism, as seen by the abovementioned colossal buying.
Itâs also worth mentioning that the cryptoâs token burn mechanism appears to have bolstered the price movements. Coin Gape Media reported that the SHIB burn rate soared phenomenally recently, adding to optimism about future movements.
Further, a Shiba Inu analysis by Coin Gape Media has highlighted a $0.000037 price target for the token. This positive outlook primarily comes against the backdrop given BTC price hits $100,000 in this bull cycle. Besides, broader market sentiments remain bullish over future prices, with the bullish factors further indicating that a potential rally to $0.000037 for the coin may be imminent.