Shiba

Fuel

Burn

Shiba Inu

<p>Shiba Inu (SHIB), the Ethereum-based meme coin, has recently experienced a massive surge, with a 52% increase over the past week. But that’s not all – its burn rate has skyrocketed by a jaw-dropping 1,837%, with nearly half a billion SHIB tokens burned. This surge has sparked excitement, with many investors now predicting SHIB could rise by as much as 300%. </p>   
<p>Could this be the next big cryptocurrency breakthrough?</p>   
<h2 class="wp-block-heading" id="h-shiba-inu-burn-rate-soars-1837">Shiba Inu Burn Rate Soars 1837%</h2>   
<p>On November 11, data from <a href="https://www.shibburn.com/">Shibburn revealed a remarkable 1837.67%</a> rise in the burn rate. A total of 463.45 million SHIB tokens were burned in a single day, leading to a significant reduction in SHIB’s circulating supply. As of the latest report, only 589.26 trillion SHIB remain in circulation.</p>   
<p>This burn process is key to SHIB’s price potential. By lowering the total supply, the value of each remaining token could rise, following the basic principle of supply and demand.</p>   
<p>In the past week, 615.15 million SHIB tokens have been destroyed, adding to the growing excitement around the coin. As the burn efforts continue, many investors believe this could lead to a significant increase in SHIB’s price in the future.</p>   
<h2 class="wp-block-heading" id="h-bullish-sentiment-trump-s-victory-and-robinhood-s-support">Bullish Sentiment: Trump’s Victory and Robinhood’s Support</h2>   
<p>The recent surge in <a href="https://coinpedia.org/crypto-live-news/shiba-inu-records-impressive-gains-surges-over-30/">SHIB’s price</a> can also be attributed to the overall bullish sentiment in the crypto market. The victory of Donald Trump in the U.S. elections has boosted investor confidence in cryptocurrencies, including SHIB.&nbsp;</p>   
<p>Along with this, the popular trading platform Robinhood recently allowed SHIB transfers in the EU, further fueling interest in the coin.</p>   
<h2 class="wp-block-heading" id="h-all-eyes-on-shib">All Eyes on SHIB</h2>   
<p>Currently, SHIB’s price stands at <a href="https://markets.coinpedia.org/shiba-inu/" target="_blank" rel="noreferrer noopener">$0.00002527</a>, reflecting a 13% rise in the past 24 hours. Over the past week, the coin has gained an impressive 53%, and some analysts believe the rise may continue.</p>   
<p>With trading volume up by 245% to $6.32 billion, it’s clear that investors are excited about SHIB’s future.</p>   
<p><strong>More Gains Ahead? </strong></p>   
<p>Some forecasts predict a <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/" target="_blank" rel="noreferrer noopener">300% price increase</a> for SHIB as its popularity grows and the burn efforts continue to reduce its supply. If these trends hold, SHIB could become one of the top-performing coins in the market.</p>

Shiba Inu Price Prediction: Burn Rate Explodes, Analysts Eye 300% Growth

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