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Shiba Inu price has retreated for two consecutive days, even as the burn rate jumped by over 3,400%. Shiba Inu (SHIB), the second-largest meme coin, retreated to $0.00002765, down by 16.2% from its highest level this month.

The official X account of the layer-2 blockchain Shibarium @ShibariumNet spreads the word about launching major upgrades for the Shibarium mainnet.

Due to on-chain data showing a possible influx of 33.7 trillion SHIB in the next 24 hours, Shiba Inu is getting ready for volatility. The price performance of the token and the general dynamics of the market may be significantly impacted by this enormous activity.

The latest SHIB burn data has once again ignited a tidal wave of optimism surrounding the renowned dog-themed meme crypto, Shiba Inu. Notably, the meme coin's supply continues to take a blow, as indicated by a nearly 3,400% upsurge in the burn rate on Tuesday.

Shiba Inu's (CRYPTO: SHIB) 72% monthly gain and its active coin-burning mechanism continue to fuel optimism among traders. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002905 $17.1 Billion +1.6% +21% Dogecoin (CRYPTO: DOGE) $0.4164 $61.2 Billion +1.7% +10.2% Pepe (CRYPTO: PEPE) $0.00002025 $8.5 Billion +1.1% +12% Trader Notes: Crypto trader Bluntz Capital expects meme coin enthusiasm to reignite retail interest in projects like Dogecoin, Shiba Inu and Floki.

The popular meme coin Shiba Inu has been showing strong growth, rising by over 21% in just a week and 73% since November. As the crypto market rallies this December, SHIB looks ready for even more growth.

In the ever-evolving crypto landscape, Chainlink (LINK) and Shiba Inu (SHIB) represent two significant approaches.

Shiba Inu (SHIB) records 13% daily gain reaching $0.00003061, posts 109% three-month growth, while analyst projects potential 179% increase to $0.000081 amid ecosystem developments.

Shiba Inu (SHIB) has displayed significant performance over the past few weeks. Trading at $0.00001712 early in November, the meme token soared 93% to $0.000033159 on late 1 December. The robust uptrend saw the frog-themed cryptocurrencies exploring price levels not seen over the past eight months.

​​As the bullish momentum grips the cryptocurrency market, the Shiba Inu price is showing strong signs of upward movement. The popular meme coin recently surged by 20%, reaching new price highs and fueling investor optimism.

Data shared by the popular blockchain wallet tracker Shibburn has revealed that an anonymous whale has burned a mammoth-sized amount of Shiba Inu meme coins in just a single transaction.

XRP is still at the top of the cryptocurrency market, up 20% in just one day, reaching $2.44. As of right now, its market capitalization is $132 billion, making it the fourth-largest cryptocurrency in terms of market value.

Shiba Inu (SHIB) is stirring up excitement again. The meme-based cryptocurrency has seen bullish momentum lately, grabbing the attention of investors and analysts alike.

Shytoshi Kusama, the face of Shiba Inus decentralized movement, has vowed to thwart challenges facing SHIB DAO. His pledge to defend the ecosystem and empower SHIB holders reflects the teams readiness for decisive actions against threats.

Shiba Inu (CRYPTO: SHIB) is down 9%, despite a soaring burn rate and increasing transaction volumes fueling optimism for its long-term trajectory. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002889 $17 Billion -9.5% +13.2% Dogecoin (CRYPTO: DOGE) $0.4177 $61.4 Billion -3.2% +3.2% Pepe (CRYPTO: PEPE) $0.00001993 $8.4 Billion -10.9% +4.3% Trader Notes: InvestingHaven predicts SHIB could climb to $0.

Is SHIB preparing for a new all-time high soon?

Shiba Inu's burn rate surged over 7000% last week while its price action turned bullish.

Shiba Inu has experienced a significant uptrend since September, pushing its price to multi-month highs. This rise allowed SHIB to capitalize on the bullish market sentiment and record a 24% gain over the past 24 hours.

Popular dog-themed meme coin Shiba Inu is currently riding the bullish wave, attracting notable gains following the renewed momentum of the general crypto market. This recent uptrend of Shiba Inu has fueled robust optimism within the community about its potential for a significant rally in the upcoming weeks.

Two main factors appear to be contributing to Shiba Inu's recent price performance. They are market sentiment and community backing.

Shiba Inu (SHIB), the second-largest meme coin, presents a unique trend that suggests a potential rally ahead. This development coincides with an increased Shiba Inu burning rate over the past month.

With a 13% decrease over the past day Shiba Inu saw a major decline. This drop comes after a robust rally earlier in the week in which SHIB broke through significant resistance levels and rose as high as $0.000033 before falling back to $0.000029.

Shiba Inu's price surged past $0.00003, driven by a combination of increased token burns, whale accumulation, and growing network activity, though facing resistance at current levels amid broader market volatility.

Shiba Inu price, a popular meme-based cryptocurrency, has gained significant momentum amid market optimism this month, especially with Bitcoin increasing to $100,000. The token recently surged past a key level despite a double-digit decline in the SHIB burn rate.