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Shiba Inu coin price could fall 50% as Shibarium fees, burn rate crash

Author: Content Editor
The price of Shiba Inu coin (SHIB) has dropped by over 35% from its December high and faces potential further downside risks. This is due to a decrease in the burn rate and Shibarium fees, which could negatively impact the token's performance. The weak performance of the Shibarium ecosystem, with a decline in active accounts and average transaction fees, is a likely reason for the drop in the burn rate. Smart money investors are also reducing their exposure to SHIB, with fewer addresses holding the token. The daily chart indicates that SHIB's price could see further declines, with a potential 50% drop from current prices. However, there are also signs of a bullish cup-and-handle pattern, which could lead to further gains if it plays out.

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