Shiba Inu (CRYPTO: SHIB) is showing signs of a potential breakout, fueled by a massive spike in token burns, strategic partnerships and on-chain activity.
| Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001186 | $6.99 billion | +5.4% |
| Dogecoin | (CRYPTO: DOGE) | $0.1710 | $25.7 billion | +6.4% |
| Pepe | (CRYPTO: PEPE) | $0.00001002 | $4.2 billion | +5.8% |
Trader Notes: Crypto trader Javon Marks points to a confirmed bullish divergence on SHIB's MACD, signaling a setup for a 180% surge back toward $0.000032. He believes this could be the start of a larger positive reversal for the meme coin.
he Crypto Basic noted that if crypto assets become more widely adopted, Shiba Inu stands to benefit significantly.
With a current market dominance of 0.21%, they believe SHIB could capture 0.50% to 1% of the emerging digital economy.
Statistics: Shibburn reported a 99,284.5% spike in SHIB's daily burn rate, driven primarily by a single transaction burning 1 billion SHIB roughly 16 hours ago. The 7-day burn rate is now up 1,807.3%, contributing to supply reduction and potential price support.
IntoTheBlock data shows Shiba Inu's daily active addresses moved higher by 9.3% while transactions greater than $100,000 are up from 21 to 24 in a single day.
Community News: The Shiba Inu team announced a new partnership with token launchpad DegenSafe aimed at launching safer meme coin projects.
The collaboration focuses on improving security and user protection in future token launches, a move that could elevate trust and utility across the SHIB ecosystem.
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