$SHIB Shiba Inu's current price is $0.00001257, with a 4.3% increase over the last 24 hours. Its market capitalization stands at $7.38 billion, ranking #29 on CoinGecko. Here are some key updates ¹:
- *Recent Price Movement*: Shiba Inu's price has declined by 8.60% in the last 7 days, underperforming compared to similar cryptocurrencies.
- *Trading Volume*: The trading volume of Shiba Inu is $180,723,368.92 in the last 24 hours, representing a 48.30% increase from one day ago.
- *Token Burns*: Shiba Inu's token burning strategy has gained momentum, with a recent burn rate explosion of 48,247% after 85.8 million SHIB were burned.
- *Partnerships and Developments*: Shiba Inu developers have outlined plans to scale the project, targeting integrations across both Base and Solana platforms. The team has also launched Shibarium, a dedicated L2 chain surrounding the Shiba Inu token.
- *Market Predictions*: Analysts predict Shiba Inu could reach $4.50 based on whale buying activity and bullish chart patterns. Some predict a potential breakout towards $6 or even $7.75 in the near future.
*Shiba Inu Ecosystem Updates*
- *Shibarium*: A dedicated L2 chain surrounding the Shiba Inu token, aimed at improving scalability and usability.
- *ShibaSwap*: A decentralized exchange with 2 new tokens, LEASH and BONE, allowing for governance proposals and voting.
- *Tokenomics*: SHIB has a total supply of 1 quadrillion tokens, with a significant portion burned to reduce circulating supply ¹ ².
