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Shiba Inu Price Eyes $0.001 Amid 1B Mysterious SHIB Burn and Supply Crunch Fears

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Summary
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59% Informative

Shiba Inu price is eyeing the $ 0.001 price target amid a surge in the burn rate and a looming supply crunch.

In the last seven days , the total meme coin market cap has gained nearly 10% from $48 billion to $52 billion .

The burn rate is caused by an increase in activity on the Shibarium layer 2 network.

The meme coin is on the verge of a breakout after breaking above the upper trendline of a descending parallel channel.

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VR Score

34

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17

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42

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formal

Language

English

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34

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short-lived

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