This article discusses the performance of the meme coin Shiba Inu (SHIB) compared to other meme coins like Dogecoin (DOGE) and Pepe (PEPE). SHIB has underperformed, with a year-to-date gain of 99% and a market cap of $10.94 billion. The article also mentions that SHIB's trading volume has increased and its price has risen slightly. The burn rate of SHIB has surged, with a large amount of coins permanently removed from circulation. An analyst predicts that SHIB could rally based on a bullish pattern, and the article mentions that altcoin ETF proposals are gaining traction. The RSI indicates bearish control over SHIB's price, but the upward slope suggests growing buying pressure. The MACD indicator shows a potential shift in momentum. However, it is important to note that this article is for informational purposes only and does not constitute financial advice.



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