Shiba Inu began December with significant activity in its token-burning mechanism, removing over 52.3 million SHIB from circulation. This has sparked optimism among traders for a price rally.
As the price climbs above $0.00003, analysts forecast the possibility of the coin losing another zero in its value by 2025, driven by the sustained burn rate and increased trading volumes.
Such developments position Shiba Inu favorably in the meme coin market, reflecting bullish sentiment.
