Shiba Inu has ignited bullish sentiments amongst traders and investors globally. On Monday, the Shiba Inu burn rate surged by an impressive 700%, raising hopes of a price rally to $0.00002.
Market watchers note that SHIB price is currently in a consolidation phase. This has led to speculation on whether the token will reach the anticipated price target.
The article originally appeared on CoinGape, highlighting these significant developments in the Shiba Inu market.
