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The burn rate of Shiba Inu (SHIB) has skyrocketed by 144,233.06%. The project's burn mechanism has sent over 2 billion SHIB Tokens to a dead Wallet. In particular, one transaction is the reason for most of the burn.

Shiba Inu's PA

SHIB has once again reclaimed the price point of $0.00003. The asset pumped 24.1% on the weekly chart, 23.7% on the 14-day chart, 80.2% compared to the previous month, and 231.4% since December 2023. Despite the pump, the price of SHIB has dropped 0.5% in the past 24 hours.
The recent burn may be the reason for the recent price surge of SHIB. The cryptocurrency market has also witnessed a pump in altcoin prices. TRON (TRX) and BNB hit new all-time highs earlier today, and other altcoins also experienced significant pumps.
The surge in alts may be due to Grayscale's application for a Solana ETF and WisdomTree's application for an XRP ETF.
BTC (BTC) may also be consolidating at the $96,000 level, prompting investors to shift funds to other assets such as SHIB and other alts.
Can the dog-themed Cryptocurrency reach 0.00005 dollars next?

According to CoinCodex's data, Shiba Inu (SHIB) may surge to $0.00006049 on December 7, 2024. Reaching $0.00006049 from the current price would result in a 99.44% increase. CoinCodex predicts that the price of SHIB will not stay above $0.00006. The platform expects the asset to fall below $0.00003 by the end of this month.
Changelly analysts have also painted a similar picture for SHIB. The platform predicts that SHIB will reach $0.00006 on December 7, 2024. Like CoinCodex, Changelly also expects the price of SHIB to fall to around its current level by the end of this month.

The Shiba Inu (SHIB) may not face a pullback and continue to pump in the coming weeks. BTC (BTC) may soon break the $100,000 mark and set a new all-time high. In this case, the price of SHIB may also rise to a new high.
#BTC上涨突破$100K大关，再创新高！ #12月份你看好哪些币种？