{"id":60221,"date":"2025-04-18T08:46:41","date_gmt":"2025-04-18T08:46:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=60221"},"modified":"2025-04-18T08:46:41","modified_gmt":"2025-04-18T08:46:41","slug":"3-reasons-a-shiba-inu-shib-rally-may-be-closer-than-you-think","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=60221","title":{"rendered":"3 Reasons a Shiba Inu (SHIB) Rally May Be Closer Than You Think"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Shiba Inu (SHIB) may be struggling now, but key indicators point to a potential comeback rally ahead.<\/span>
\nOne of the factors is the burn rate explosion on a 24-hour scale.<\/span><\/p>\n

<\/a><\/span><\/h2>\n

Ready for Liftoff?<\/h2>\n

Despite its brief price increase towards the end of March, SHIB has been <\/span>on an evident decline<\/span> in the past 30 days. <\/span>Currently,<\/span> it trades at around $0.00001192 (per CoinGecko\u2019s data), representing a 5% drop for the timeframe.<\/span><\/p>\n

<\/a>SHIB Price, Source: CoinGecko<\/p>\n

However, some essential factors suggest a surge could be just around the corner. SHIB\u2019s burn rate, for instance, has <\/span>exploded<\/span><\/a> by almost 2,000% in the last 24 hours, resulting in over 17.6 million tokens sent to a null address. Interestingly, a single transaction from a mysterious entity contributed to over 90% of the destroyed stash.\u00a0<\/span><\/p>\n

The <\/span>ultimate goal of the mechanism<\/span> is to reduce the tremendous circulating supply of SHIB, thus potentially making it more valuable.<\/span> Burning alone, though, doesn\u2019t guarantee a stable price increase as it also requires a consistent or rising demand.<\/span><\/p>\n

Next on the list of possible price catalysts is the advancement of Shibarium. In the past weeks, daily transactions processed on the layer-2 blockchain solution have skyrocketed<\/a> above three million, signaling strong user engagement and increased activity within the ecosystem.\u00a0<\/span><\/p>\n

Shibarium supercharges the Shiba Inu ecosystem \u2013 slashing fees, speeding up transactions, and burning SHIB <\/span>along the way<\/span>. <\/span>As such, <\/span>some believe<\/span> its evolution could ignite fresh momentum for the price of the underlying token.<\/span> Among the examples is the popular Bitcoin advocate Jeremie Davinci, who <\/span>said<\/span><\/a>:<\/span><\/p>\n

\u201cI like Shiba Inu, as you know, and <\/span>I think<\/span> it will do relatively well in this cycle, but it may not go as high as you expect.<\/span> I think Shiba Inu has a lot of utility now that they have Shibarium, and basically, it\u2019s a chain that you can\u00a0<\/span>actually<\/span> run all kinds of applications.<\/span><\/p>\n

However, nobody is using it, and there are no applications for using your tokens on Shibarium yet. <\/span>If they <\/span>get that solved<\/span>, Shiba Inu will go to the moon.\u201d<\/span><\/p>\n

Exchange Netflows<\/h2>\n

SHIB\u2019s exchange netflow is also worth observing. Outflows have <\/span>been <\/span>dominating<\/span> inflows lately, suggesting holders are moving tokens off centralized platforms and into self-custody. <\/span><\/p>\n

This development could <\/span>be <\/span>considered<\/span> bullish since it reduces the immediate selling pressure. Generally, when investors transfer their crypto holdings to exchanges, it is to dispose of them, and vice versa.<\/span><\/p>\n

<\/a>SHIB Exchange Flows. Source: CryptoQuant<\/p>\n

The post 3 Reasons a Shiba Inu (SHIB) Rally May Be Closer Than You Think<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Shiba Inu (SHIB) may be struggling now, but key indicators point to a potential comeback rally ahead. One of the factors is the burn rate explosion on a 24-hour scale. Ready for Liftoff? Despite its brief price increase towards the end of March, SHIB has been on an evident decline in the past 30 […]<\/p>\n","protected":false},"author":0,"featured_media":60222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-60221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60221"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60221"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/60222"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}