Shiba Inu’s Burn Rate Explodes – Is $0.0004 the Next Milestone for SHIB?

Shiba Inu (SHIB) is gaining attention after a huge increase in its burn rate. Over the past week, nearly 2 billion SHIB tokens were burned, pushing the burn rate up by an impressive 7,400%. This surge has sparked optimism, with predictions that SHIB could reach $0.0004.

SHIB Burn Rate Skyrockets

On November 30, Shiba Inu’s weekly burn rate soared by 7,418%, with 1.93 billion SHIB tokens removed from circulation. Token burns are designed to reduce supply, potentially driving up the price due to increased scarcity.

Currently Shiba inu Price trading at $0.00002700 as per Coinpedia Markets data.

For a more detailed Shiba Inu Price Prediction and insights on Shiba Inu’s next moves, check out our full analysis.

Kaaldhairya’s Contribution to the Burn Surge

Shiba Inu executive Kaaldhairya played a key role in the burn surge, personally burning over 80 million SHIB tokens. He also highlighted the success of Shiba Inu’s semi-automatic burn system, which has already removed over 300 million tokens.

Additionally, Kaaldhairya confirmed that Shibarium’s bridge is now fully functional, boosting the ecosystem’s growth prospects.

SHIB Price Outlook

Currently, SHIB is trading at $0.00002593, showing a slight dip of 0.06%. However, its price has increased by 39% in the past month. If the bullish momentum continues, SHIB could break the $0.00003 resistance and potentially reach $0.0004.

Whale Activity and Market Sentiment

Whale activity is also on the rise, with large investors accumulating SHIB tokens. This indicates confidence in SHIB’s long-term potential, supporting a positive outlook for its price.

Eyes on $0.0004

With the recent burn surge and growing market interest, Shiba Inu’s price could reach $0.0004 if the current trends continue. Investors are watching closely for the next move in SHIB’s journey.