Shiba Inu Price Approaches $0.0002 as Burn Rate Aims for $1 Trillion Daily

The Shiba Inu (SHIB) price is experiencing a surge, reaching new heights and potentially breaking above the $0.0002 mark in the coming months. This upward momentum stems from an aggressive burn rate strategy aimed at reducing circulating supply. 67 million SHIB tokens were burned within a week alone, with daily rates exceeding 3,000%. This reduction could drastically impact SHIB’s overall supply over time and potentially lead to price increases. Analysts predict that such a drastic cut could boost the price by 167%, reaching approximately $0.000037 assuming the market cap remains unchanged. .