Shiba Inu’s Breakout Potential & The Rise of Mutuum Finance

The price of Shiba Inu has shown notable resilience, rising 5% in the last 24 hours and surpassing resistance at $0.00000093. This upward trend, accompanied by surging derivatives trading volume and increased open interest for SHIB, highlights a resurgence of speculative buying. A continued burning mechanism is further fueling deflationary pressure on supply, potentially contributing to the price surge. However, this momentum raises questions about the long-term viability of meme coins compared to DeFi projects offering tangible utility and sustainable growth.