Here is the current status of SHIB
🔍 Overview of SHIB
Current price: Approximately $0.00001707
Market cap: $10.03 billion
Global rank: #15 among cryptocurrencies by market cap
Daily change: Increased by 13.27% in the last 24 hours
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📈 Technical analysis and forecasts
Forecasts for 2025:
Moderate forecast: Some analyses suggest that SHIB could reach $0.00003296 by the end of 2025, representing a potential increase of 94.43% from the current price.
Optimistic forecast: Some analysts expect SHIB to reach $0.000050 by the end of 2025, supported by developments in the Shibarium network and improvements in infrastructure.
Long-term forecast: Other forecasts suggest that SHIB could reach $0.005 by 2040, which requires a growth of 32,794% from the current price, with a market cap close to $2.94 trillion, surpassing the current value of Bitcoin.
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🔥 Factors influencing the price
Burn rate: SHIB has seen an increase in the burn rate of 4,833%, with approximately 18.8 billion tokens burned in 24 hours, reducing supply and increasing upward pressure on the price.
Shibarium development: The launch of Shibarium is expected to improve transaction speeds and reduce fees, enhancing the use of SHIB in decentralized applications.
Community interaction: Marketing campaigns and community interaction play a significant role in supporting SHIB's price, as the marketing team indicated
