Shiba Inu Coin Burn has recorded a loss of 140 million SHIB coins this week, and its price is expected to reach 0.0000369 in the future.
Shiba Inu Coin burn has 140 million SHIB tokens burnt this week. Due to which SHIB investors are very excited. This can increase the price of the remaining SHIB coins in the future. The high burn rate has increased by more than 200%. The price of SHIB coins currently has increased, and its price is expected to reach $0.0000369 in the future. Although this is just a guess, the recent coin burning and price rise are certainly positive signs for SHIB. Let’s explore what its future could be.
Shiba Inu Coin Burn: Records 140 SHIB Burnt Over The Week
According to Shibburn on X today, 27 July, The Shiba Inu Coin Burn has 140.74 million SHIB tokens burned this week. This is an increase of 122.54% compared to last week.
In the last 24 hours, the burn rate has increased by 229.57% with 3.77 million SHIB tokens burned.
The total number of Shiba Inu is decreasing for SHIB burn. Which is now Rs 589.27 trillion. This lack is good news for the future of the coin, because this increases the possibility of its price increasing. EtherScan data shows that the number of SHIB holders has increased to 1.4 million.
overall, there are good atmosphere in market for SHIB Coin. because its numbers are decreasing and Buyers are increasing, so its price is expected to increase.
SHIB Price To $0.0000369?
Shiba Price increase 2.57% in the past 24 hours and It price reached $0.00001719. During this SHIB price rane from $0.00001667 to $0.00001726, but But it remained above the important support level $0.00001361.
according to Coinglass shows that open interest (OI) of SHIB futures has increased by 14.36%, reaching $40.96 million. This indicates a potential market uptrend. Ahead, there is a consistent increase in OI on the 4-hour and 1-hour charts as well which is a positive sign for SHIB price.
According to CoinGape Media’s price prediction a bullish pattern called a rounding bottom, is forming on the weekly charts. This pattern reflects an increase in buyer interest and indicates that the SHIB price may reach $0.0000369 in the future.
Conclusion
The recent burning of Shiba Inu Coin Burn and increase in price has created a lot of excitement among investors. The massive reduction in SHIB supply, as well as bullish technical indicators and a growing community, paint an encouraging picture for the future of the coin.
Although the journey to the price target of $0.0000369 is still a long way off, current market dynamics and technical signals suggest that SHIB may be on a promising path.
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