‘Dogecoin Killer’ Shiba Inu Burn Rate Spikes 4,766%: ‘Patience Could Pay Off,’ Trader Says
Posted On December 18, 2024
Shiba Inu (CRYPTO: SHIB) continues to attract attention as its burn mechanism drives supply reduction, sparking optimism among traders despite subdued broader market activity.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Shiba Inu (CRYPTO: SHIB) | $0.00002566 | $15.12 billion | -3.1% | -11.5% |
| Dogecoin (CRYPTO: DOGE) | $0.3849 | $56.7 billion | -3.1% | -7.9% |
| Pepe (CRYPTO: PEPE) | $0.00002144 | $9 billion | -5.6% | -14.6% |
Trader Notes: Crypto trader InvestingHaven outlined their 2025 price forecast for SHIB, suggesting a potential high of $0.0000998 and a low of $0.0000234.
The trader noted, “While the journey to these targets could be volatile, it aligns with broader market dynamics. Patience …
About The Author
