Can Shiba Inu price really soar to $1 as burn rate jumps?
Shiba Inu price continued to consolidate this weekend even as some cryptocurrency analysts remained optimistic.
Shiba Inu (SHIB), the second-biggest meme coin in crypto, was trading at $0.00002812, up by 163% from its lowest level in August.
Some analysts predict that Shiba Inu was on the cusp of a strong bullish breakout in the coming weeks. In an X post, SHIB Mortal, predicted that the coin would jump to $1 in this bull run.
Similarly, Daink, a popular trader with over 88k followers, expects the coin to have a strong bullish breakout. He cited its strong technicals on the monthly chart.
One of the most cited bullish catalysts for Shiba Inu price is its ongoing token burn. According to ShibBurn, the…
