Shiba Inu (SHIB) has significantly increased its token burn rate, drawing attention from market investors and experts.
Investor Interest and Trading Volume Rise
Following the rise in SHIB's burn rate, daily trading volume also increased by 245% to $6.48 billion. This demonstrates how people are drawn to SHIB due to recent changes. SHIB's price rose by 10% within a single trading day.
Hidden Bullish Divergence: Growth Signal
Technical analysts have noted a hidden bullish divergence in SHIB's price action, suggesting a potential 300% price rise driven by consistent demand pressure and optimistic investor sentiment.
User Activity and Network Development
Data indicates that the number of active Shiba Inu addresses increased to 5,184, with network growth reaching 3,045. These metrics indicate a stable increase in users, which could lead to a stable price and heightened market interest.
Recent SHIB growth shows potential for further price increase combined with heightened network activity and sustained user interest.
