Recently, there has been a surge in trading volume for the meme coin Shiba Inu (SHIB) on the largest cryptocurrency exchange, Binance. This surge in trading may be attributed to a 5% increase in the price of SHIB. Currently trading at $0.0000244, SHIB has seen a 5.13% increase in the last 24 hours. The cumulative trading volume has also increased by 58.06% to $761.8 million. While SHIB is still below its previous price levels, analysts view this rebound as impressive and believe continued trading activity could fuel its rally. The $0.00002 price point is seen as a psychological level for SHIB, and if it can sustain growth and stay above this level, it may become the new price floor in the future. Investors are also hopeful that the daily burn mechanism remains active and significant to keep the price stable, and positive anticipation from Shytoshi Kusama, Shiba Inu's lead, may contribute to a sustained positive outlook for the ecosystem and price.



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