Shiba Inu Price Prediction: SHIB Burn Rate Goes Center Stage As Traders Rush To Buy Dogecoin20 Before It’s Too Late

The
Shiba
Inu
price
rose
by
a
fraction
of
a
percentage
in
the
last
24
hours


to
trade
at
$0.00002716

as
of
11:37
p.m.
EST
on
trading
volume
that
dropped
22%
to
$522
million.

This
comes
as
reports
show
that
over
15
billion
SHIB
tokens
were
burned
in
March
alone,
which
led
to
a
2,330%
surge
in
the
burn
rate.
The
extensive
burning
of
tokens
to
reduce
supply
continues
to
propel
SHIB,
which
has
soared
182%
in
the
past
three
months.

SHIB
Burn
Rate
Skyrockets.

March
saw
a
massive
2,300%
increase
in
Shiba
Inu
token
burns,
with
15.5B
tokens
destroyed.

This
comes
amid
significant
advancements
in
Shibarium,
SHIB’s
layer-2
solution,
poised
to
boost
the
ecosystem
further.

Today’s
dip,
SHIB
is
up
40%
monthly.

pic.twitter.com/Ed2OIHCjNj

—
IBC
Group
Official
(@ibcgroupio)

April
3,
2024

Shiba
Inu
Price
Bullish
Sentiment
Continues
To
Prevail

The
Shiba
Inu
price
has
remained
at
a
consolidation
level
since
December
of
last
year,
trading
within
the
$0.000010
range.
However,
in
March,
it
appears
that
the
SHIB
bulls
may
have
gained
the
upper
hand
in
the
struggle
for
dominance,
propelling
the
price
up
to
$0.00004581.

Despite
bullish
momentum,
the
bulls
couldn’t
sustain
their
upward
stance.
The
bears
took
control
of
the
price,
pushing
it
down
to
around
the
$0.000023
support
level.
These
price
fluctuations
within
this
range
led
SHIB
to
trade
within
the
boundaries
of
a
symmetrical
triangle,
with
the
aim
of
breaking
out
above.

SHIB
is
now
sitting
below
$0.000028,
which
was
an
important
support
level
for
the
coin.
However,
bears
have
been
able
to
turn
this
price
point
into
resistance,
which
makes
it
the
level
to
beat
for
the
meme
coin
in
the
future.

SHIB
trades
below
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
supporting
the
bearish
action
below
the
$0.000030
level.

Additionally,
the
Relative
Strength
Index
(RSI)
is
rebounding
towards
the
50-midline
level
at
47,
which
indicates
that
traders
are
buying.
If
the
bulls
sustain
the
momentum,
SHIB’s
RSI
could
cross
over
to
the
70-overbought
region,
signaling
intense
buying
pressure.

Shiba
Inu
Price
Prediction

The
bullish
trend
in
Shiba
Inu’s
price
remains
strong
as
the
bulls
aim
to
overcome
the
$0.000028
hurdle
to
soar
the
price
higher
above
the
symmetrical
triangle
pattern.
SHIB
bulls
are
poised
to
push
the
price
higher,
targeting
$0.000044.

However,
the
50-day
SMA
crosses
below
the
200-day
SMA,
forming
a
death
cross
at
$0.000029.
A
death
cross
may
signal
a
bearish
outlook.
This
will
potentially
drive
the
price
down
and
prompt
bulls
to
retreat
towards
the
$0.0000219
support
zone.

Meanwhile,
investors
are
also
piling
into
the
DOGE20
presale
as
it
offers
a
final
chance
to
buy
ahead
of
its
launch
on
International
DOGE
Day
on
April
20.

Dogecoin20:
Best
Alternative
to
Shiba
Inu

Dogecoin20
(DOGE20)
is
one
of
the
most
talked-about
and
searched
meme
coins
in
the
market.
Positioned
as
an
upgraded
version
of
Dogecoin,
it
aims
to
offer
improved
features
and
functionalities.

The
project,
which
embody
the
ethos
of
“Do
Only
Good
Every
Day,”
aims
to
be
a
greener,
more
versatile
alternative
to
the
biggest
meme
coin
by
market
capitalization.

Getting
ready
for
the
ultimate

#DOGE
upgrade!
????️

We’re
propelling

@elonmusk’s
beloved

#Memecoin
towards
a
greener
horizon.
????

Diving
into
the
possibility
of
staking

#DOGE20
and
reaping
environmentally-friendly
rewards.
????????

pic.twitter.com/zMino37jCV

—
Dogecoin20
(@DOGE_COIN20)

March
22,
2024

Stake
For
56%
Annual
Rewards,

Buy
Now
Before
Doge
Day

As
the
first
upgrade
to
Elon
Musk’s
favorite
meme
coin,
the
token
adds
utility
for
its
holders
via
a
staking
mechanism
that
offers
an

annual
percentage
yield
(APY)
of
56%. 

April
20th
is
designated
as
International
Doge
Day,
with
reports
of
it
being
Elon
Musk’s
favorite
day.
With
the
launch
coming
in
on
this
day,
the
team
is
set
to
capitalize
on
the
buoyant
sentiment
around
DOGE
at
that
time.

According
to
Jacob
Bury,
a
crypto
analyst
and
YouTuber,
Doge20
could
soar
up
to100X
after
launch.

Given
the
development
team’s
decision
to
extend
the
presale
following
a
blowout
$10
million
fundraising
in
a
matter
of
weeks,
those
interested
in
purchasing
tokens
should
act
quickly
as
the
extension
could
end
at
any
time.

You
can


buy
DOGE20
tokens
from
the
official
website
here.
Each
token
costs
$0.00022
and
payment
options
include
ETH,
USDT,
or
a
bank
card.

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