Shiba Inu has experienced a recent surge in its price, seeing an increase of over 2% to $0.00001812. This rally is attributed to heightened market confidence and an impressive 14,575% increase in its burn rate.
The trading volume for SHIB has also jumped by 31%, reaching $319.74 million. This significant boost in trading activity indicates strong investor interest and attention towards the meme coin.
Market analysts have identified several factors driving this upward trend in SHIB's price, forecasting potential future movements based on the current market conditions and speculative sentiment.
