Shiba Inu Price Prediction: Burn Rate Explodes 3,465% in 24 Hours – Is $1 SHIB Now in Play?
Main Idea
Shiba Inu (SHIB) experienced a 3,465% surge in its burn rate, potentially signaling a bullish price movement, while Token6900 (T6900) raised over $1.7M by embracing meme coin principles.
Key Points
1. SHIB's burn rate increased by 3,465% in 24 hours, with 9.81 million tokens burned.
2. SHIB is testing a key resistance level at $0.00001300, with potential short-term targets at $0.00001500 and $0.00001600 if the breakout occurs.
3. Token6900 (T6900) raised over $1.7M, emphasizing community-driven liquidity and early 2000s internet nostalgia.
4. T6900 has a hard cap of $5 million and is available for presale purchase via ETH, USDT, or bank card.
5. The article mentions other trending crypto topics, including price predictions for XRP, Ethereum, and new presale opportunities.
Description
A 3,465% increase in SHIB’s burn rate is favoring a bullish Shiba Inu price prediction as a lower circulating supply could boost the second most valuable meme coin in the space. Data from Shib Burn shows that, on Wednesday, a total of 9.81 million SHIB tokens were burned automatically. Of that total, 9.47 million were taken out in a single transaction. This represented a 4-digit increase compared to the previous 24 hours and may have been the result of some big transactions occurring as SHIB cli...
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