The post Is Shiba Inu Price On Path to $0.01 After 7200% SHIB Burn? appeared on BitcoinEthereumNews.com.
Shiba Inu price continues to trade below $0.00002 as the broader crypto market trades sideways. Despite the slowdown, SHIB has gained over 100% in the past year. Discover why SHIB can reach the long-anticipated $0.01 mark after a massive 7,200% token burn. This has sparked speculation about further upside. Investors are now watching whether SHIB can reach highs. Can Shiba Inu Price Hit $0.01 After Massive 7,200% Burn? Shiba Inu price is gaining momentum as its burn rate skyrocketed by 7,247% in the past 24 hours. The surge removed over 1 billion SHIB tokens from circulation, sparking renewed bullish sentiment in the market. This reduction in supply has fueled optimism among investors anticipating a price breakout. Market dynamics suggest increased interest in SHIB as traders react to the declining token availability. With growing burn activity, analysts speculate on a potential rally amid improving crypto market conditions. Shibburn Why Could SHIB Price See More Surge Ahead? Shiba Inu price gains momentum as Bitcoin hovers around $103K, approaching its all-time high of $108K. Despite market corrections, BTC and ETH’s rally fuels optimism for broader crypto gains. The rising value of Ethereum, Solana, and XRP creates favorable conditions for SHIB’s price surge. The token aims for the elusive $0.01 mark, a significant milestone. Meme coin interest grows, with Dogecoin leading and new tokens like TRUMP, PENGU, and AI16Z gaining traction. Shibarium’s expansion and ETH-based meme coins could further boost SHIB’s rally. Shiba Inu Holds Key Support Zone Crypto analysts highlight that the Shiba Inu price is maintaining its position within the crucial $0.000018 – $0.000020 range. Market experts suggest prolonged consolidation in this zone could lead to a significant price surge. Analysts predict that the longer SHIB stabilizes at this level, the more explosive its breakout could be, potentially fueling an aggressive upward…