Amidst optimistic sentiment in the cryptocurrency market, Shiba Inu is experiencing notable growth. New metrics indicate rising prices and token burn volumes.
Shiba Inu Price Growth
In the last 24 hours, the price of Shiba Inu increased by 8%, continuing its rebound from a low of $0.00001271. Early in the session, the price reached $0.00001398, surpassing the 200-day SMA at $0.00001355.
Increase in Token Burn Volume
According to data from Shibburn, a total of 87,958,122 SHIB were burned in the last 24 hours, marking a record burn rate increase of 78,273.79%. Over the past week, more than 100 million SHIB have been burned.
Future Outlook for Shiba Inu
As Shiba Inu reaches the key level of $0.000014, it could pave the way to prices of $0.000016 and $0.000018. Bullish sentiment in the market may contribute to sustainable growth.
Shiba Inu is showcasing strong growth in both price and token burn volumes. With these trends, the cryptocurrency may experience further success in the market.
