Shiba Inu (SHIB) has recently underperformed compared to newer meme coins like FARTCOIN and PEPE, which saw significant gains over the past month. However, a dramatic 22,000% spike in SHIB burn rate and increased active addresses have reignited discussions about SHIB's potential to compete with these emerging tokens.
👉 SHIB price today shows a 2% dip, trading at $0.000013**, mirroring broader market trends as Bitcoin retreats below **$96,000.
Key Factors Driving SHIB’s Potential Revival
- Burn Rate Surge: Over 27 million SHIB tokens were burned in 24 hours, with a single address destroying 15 million SHIB—signaling reduced supply pressure.
- Network Activity: Active addresses jumped to 23,014 (7-day peak), the highest since late February, indicating renewed user engagement.
Can SHIB Outpace New Meme Coins?
While newer coins like FARTCOIN (+196%) and PEPE (+23%) have outperformed SHIB’s +9% monthly gain, their volatility may drive traders back to established tokens like SHIB. Analysts suggest an upcoming SHIB rally if burn rates and activity sustain.
Technical Outlook for Shiba Inu
- Breakout Potential: SHIB is exiting a descending channel on weekly charts, hinting at weakening bearish momentum.
- Critical Resistance: A close above $0.0000173** could confirm a trend reversal, targeting **$0.000045.
- Risk Factors: Failure to hold gains may push SHIB toward $0.0000108 support.
FAQ Section
1. How can SHIB compete with new meme coins?
Capital rotation from volatile newer coins to stable assets like SHIB could occur if fundamentals (burn rate, activity) strengthen.
2. Why is the SHIB burn rate rising?
Increased network usage triggers more burns—a bullish indicator for price potential.
3. What’s needed for SHIB to reverse its trend?
A decisive weekly close above $0.0000173 to establish a higher high.
👉 Explore top meme coins for diversified crypto strategies.
Note: Always conduct independent research before investing. Market conditions are dynamic, and past performance doesn’t guarantee future results.
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