SHIB Price Prediction: Could Burn Rate Fuel a Breakout to $1?

Shiba Inu (SHIB) has seen a 2% surge, reaching $0.00001812, with trading volume increasing by 31%. This surge is due to several factors, most notably the 14575% increase in burn rate, with 279 million tokens burned in 24 hours.

Is $1 Possible?

Despite optimism that SHIB can reach $1, it would require a market cap of $600 trillion, raising questions about the realism of this target.

Continued Rally

While reaching $1 seems difficult, the current momentum and positive trends are giving hope to investors, who are monitoring developments in the market.