Shiba Inu (SHIB), the second-largest meme coin, has experienced a 6.30% drop in the past 24 hours amid a broader crypto market plunge. However, bullish predictions have emerged for SHIB despite its lower price. Analyst InvestingHaven predicts that SHIB has the potential to reach $0.0000998 by 2025. The SHIB token burn rate has increased by 69.28% with 6.18 million tokens burned in the past 24 hours, resulting in a decrease in the digital asset's supply. SHIB has a market capitalization of $14.15 billion and has seen a 130.01% price surge since December 2023. However, the Relative Strength Index (RSI) suggests that SHIB may experience sideways movement for a brief period. The nearest support for SHIB is at $0.00002288.



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