'Dogecoin Killer' Shiba Inu Burn Rate Surges 435%, Trader Predicts 210% Price Explosion Ahead
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) has seen a significant increase in its burn rate, with over 8 million coins burned in the past 10 hours and a total of 410.7 trillion coins transferred to dead wallet addresses. Crypto trader Javon Marks predicts a potential 210% price increase for SHIB, targeting $0.000081, with a further 90% increase possible. SHIB has gained 1.6% in the past 24 hours and 8.2% over the past week. The SHIB community has grown by 100,000 members to 1.39 million since 2023, and large transaction volumes have surged by 73.7% to $145.5 million.
May 22, 2024 | 11:36 am
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Shiba Inu (SHIB) has experienced a 434.6% increase in its burn rate, with over 8 million coins burned in the past 10 hours. Crypto trader Javon Marks predicts a potential 210% price increase, targeting $0.000081, with a further 90% increase possible. SHIB has gained 1.6% in the past 24 hours and 8.2% over the past week.
The significant increase in the burn rate and the optimistic price predictions by a crypto trader are likely to drive positive sentiment and buying interest in SHIB. The recent price gains and the growing community further support the potential for a short-term price increase.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100