Here's the latest Shiba Inu news:
Price Updates
Shiba Inu's current price is $0.00001211, with a 0.04% increase in the last 24 hours. The cryptocurrency has a market capitalization of $7.13 billion and a 24-hour trading volume of $99.17 million .
Recent Developments
- *DAO Launch*: Shiba Inu has rolled out ShibDAO and a new staking system to advance decentralization and empower user governance.
- *Token Burns*: The SHIB burn rate surged to over 112,000%, with more than 116 million coins transferred to wallets that cannot spend money.
- *Network Activity*: Shibarium's network transactions jumped by 54%, making the blockchain buzz with activities .
Market Predictions
- *Price Forecast*: Analysts predict Shiba Inu could hit $0.01 in the future, with some speculating it could reach Dogecoin's market cap by 2027.
- *Death Cross*: Shiba Inu is nearing a critical technical juncture as bearish momentum builds, RSI weakens, and a death cross looms on the charts .
Market Performance
- *Market Cap Rank*: Shiba Inu is ranked #19 on CoinGecko, with a live market cap of $7.13 billion.
- *Circulating Supply*: The circulating supply of SHIB tokens is approximately 589 trillion .
