🔥 Can Shiba Inu price really soar to $1 as burn rate jumps? 🚀
Shiba Inu price continued to consolidate this weekend even as some cryptocurrency analysts remained optimistic.
Shiba Inu -1.09%Shiba Inu, the second-biggest meme coin in crypto, was trading at $0.00002812, up by 163% from its lowest level in August.
Some analysts predict that Shiba Inu was on the cusp of a strong bullish breakout in the coming weeks. In an X post, SHIB Mortal, predicted that the coin would jump to $1 in this bull run.
One of the most cited bullish catalysts for Shiba Inu price is its ongoing token burn. According to ShibBurn, the 24-hour burn rate rose by 425% to 71,122,860 coins. These burns brought the total number of burnt Shiba Inu coins to over 410 trillion. Those in circulation are over 584 trillion. $SHIB
