Shiba Inu Price Prediction: Burn Rate Surges 6,500% in 24 Hours – SHIB Preparing for a 5x Rally

Key Points

1. Shiba Inu's price dropped 7.5% in 24 hours, with a 5% weekly decline and a 21% drop from a recent peak, despite a 16% monthly gain.

2. SHIB's burn rate surged by 6,500% earlier in the week but then fell by 94%, indicating high volatility in activity.

3. The weekly burn count is up by 388%, with a total of 410.75 billion SHIB burned, reducing the circulating supply to 589.25 billion SHIB.

4. Technical indicators like the RSI and MACD suggest potential further short-term losses, but long-term predictions anticipate a possible 5x gain due to ecosystem growth.

5. TOKEN6900, a new meme coin, raised $1 million in its presale, leveraging viral marketing and community engagement.