Shiba Inu has experienced a dramatic surge in its burn rate, rising over 201,000%. This activity is fueling speculation of a potential 142% price jump to reach a target of $0.000030. While the market value remains relatively stable with Ethereum’s support, community-driven efforts are driving this increased burn rate. [Link to TrendicatorTh insights on Shiba Inu trends]** However, reaching this specific price target is speculative, and no official confirmation exists. Analysts attribute this surge to a combination of expanding DeFi applications and growing institutional interest. Key figures such as Shytoshi Kusama continue to lead Shiba Inu’s developments. [Link to more insights on SHIB here: **https://www.shibmagazine.com**]** The circulating supply currently stands at 589.2 trillion, with significant milestones including a recent 1 billion SHIB burn in March. This activity showcases the community’s strategic goals within the project. However, without official endorsements or confirmations from key figures like the founder or major KOLs regarding this rate and target price, it remains speculative. The market context for Shiba Inu is closely linked to Ethereum’s role as a foundation for the coin’s operations. [Link to detailed technical insights at CoinCodex]** Shiba Inu’s current market cap stands at $8.36 billion. Despite recent volatility and a 10% dip over the past week, investors are increasingly drawn to SHIB due to its market intrigue and unique community engagement. This remains an active area of analysis for seasoned crypto investors who rely on sources like CryptooELITES for updates, and more detailed historical data can be found here: **[Link]** The lack of official statements from the project team regarding the recent burn rate leaves room for different interpretations. However, history suggests that major burns haven’t automatically led to parabolic price increases. [Link to a relevant tweet about crypto updates from CryptooELITES]**. As the community awaits regulatory clarity, the focus shifts to the development of technical upgrades within the Shiba Inu ecosystem, as detailed in The Shibmagazine’s latest news on the project.** **Read original article on aicryptocore.com**