$SHIB

🚨 SHIB Burn Rate Surges 1300% Fueling More Optimism 🚨

Simultaneously, the 1300% SHIB burn rate surge in the last 24 hours has injected additional optimism among market watchers.

The latest data from tracker Shibburn on X indicated that 27.82 million tokens were burnt in the past 24 hours, resulting in a whopping 1361% surge in the intraday burn rate. As Shiba Inu’s supply continues to take a hit, market sentiments about its price remain bullish, further escorted by analysts’ bold predictions.

Moreover, a SHIB price prediction by CoinGape further revealed that bulls currently dominate the meme coin, per the 3-month bias indicator. Thus, the prediction revealed that the token’s price could hit as high as $0.0000141 by April end.

Besides, the meme coin’s futures OI also jumped in recent days, hitting $162.85 million, per Coinglass data. This statistic further added weight to the coin’s bullish scale, suggesting that a price rally is possible amid renewed market interest.

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