$SHIB 🔥Will SHIB Reach $0.01 as Burn Rates Soar?
**Current SHIB Price**: Shiba Inu (SHIB) is trading at $0.00001247 on Binance.
🔥 **Burn Rate Surge**: The burn rate has increased by over 7,000%, with more than 1.1 billion SHIB tokens removed from circulation.
📈 **Price Impact**: Despite the surge in burn rate, SHIB's price has remained relatively stable, trading at $0.00001874.
🧭 **Market Outlook**: Analysts remain optimistic about SHIB's potential, with some predicting a move towards the $0.00003 range.
⚠️ **Challenges Ahead**: Achieving a price of $0.01 would require a significant reduction in SHIB's circulating supply.
🔍 **Conclusion**: While the increased burn rate is a positive sign, reaching $0.01 remains a distant goal without substantial supply reduction.
