$SHIB

Here's the latest update on Shiba Coin:

*Current Price*: Shiba Inu (SHIB) is trading at $0.00001357, with a 0.9% increase in the last 24 hours. The market capitalization stands at $7.99 billion.

*Recent Developments* ¹ ²:

- *DAO Elections*: Shiba Inu's DAO elections have officially launched, with Shytoshi Kusama announcing the selection process for a network state president.

- *Burn Rate Surge*: The Shiba Inu burn rate has surged by 3464% in the past 24 hours, indicating a significant increase in token burns.

- *Whale Activity*: Shiba Inu whales have shown increased activity, with a 100% jump in whale transactions over the past two days.

- *Large Holder Netflows*: Shiba Inu has seen a 643% surge in large holder netflows, indicating potential shifts in holder strategy.

*Market Trends* ¹ ²:

- *Head and Shoulders Pattern*: Shiba Inu's price chart has formed a 'Head and Shoulders' pattern, which may indicate a potential price movement.

- *Resistance Level*: SHIB faces a critical resistance level, with potential paths toward $0.00002 or a significant decline.

- *Price Prediction*: Analysts predict SHIB could see renewed investor interest and potentially surge in the coming months.

*Community Updates* ³:

- *Shiba Inu Celebrates Five Years*: Shiba Inu was launched on August 1, 2020, and has grown to become a prominent meme coin with a dedicated community.

- *SHIB Price Explodes*: SHIB price has increased by 10% in the last 7 days, outperforming some other cryptocurrencies.