🔥 14M $SHIB Burned… But Price Dives — Is ETH the Only Hope? ⭐ Buy and trade here 👇#MarketPullback

#SHIB Price Prediction: What's Next?

If ETH rises, it may hit $0.00001945 or $0.0000221.

Bearish outlook: If this cryptocurrency falls below $0.000012, it might drop to $0.00001080, this year's low.

🔥SHIB Burn 14M Tokens: Predicting Shiba Inu Coin Price🔥

According to CoinMarket s live statistics, the Shiba Inu coin price fell 1.70% to $0.00001432 after burning almost 14 million SHIB tokens in 24 hours.

Retail traders' interest may be waning as trading volume dipped to $220 million.

Shiba Inu Token Burns 14 Million—But Price Falls Anyway

Those following Shiba Inu news today know that the community continues to debate burn token usefulness. Recent burn had minimal effect since the circulation quantity is still close to 999 trillion coins and the overall burnt supply is 410.7 trillion tokens.

The market responded poorly despite this much burn every day, raising doubts about why Shiba Inu is sliding and whether the currency has peaked. One of the project's key support methods is slowing the burn rate, which dropped 39%.

Why Didn't Token Burn Increase $SHIB ?

Token burning reduce supply, increase demand, and perhaps raise prices. Burning 14 million SHIB scarcely reduces the supply due to its large supply.

Thus, traders are wondering why it is falling when it has a working burn mechanism. The token price decline today was caused by market fluctuations and burn figures.

Its proximity to Ethereum may be a plus. Since SHIB operates on Ethereum, observers like Crispus say it frequently mimics ETH's behavior. If Ethereum reaches $4,000, its price forecast may improve.

His report, shared throughout trading sites, noted that this currency is above its 50-day moving average and creating a Golden Cross, which might support a bullish run. If $ETH does, this currency might rebound from its fall.

Disclaimer:Not financial advice! Always do your own research! #BTC☀️ #FutureTradingSignals #Memecoins🤑🤑 $PEPE