SHIB on Track to Hit $0.000081 Plus 180%, SHIB Team Believes

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As a seasoned crypto investor with a knack for spotting trends and a dash of humor, I’ve seen my fair share of market fluctuations and meme coin hype. The recent bullish prediction by Lucie on Shiba Inu has piqued my interest, but not without reservations. I remember when I first bought into SHIB back in 2021, it was a fun investment with the potential to bring some laughs along the way.

As a dedicated researcher in the field, I recently came across an optimistic Shiba Inu price forecast shared by a knowledgeable cryptocurrency analyst on their platform.

SHIB to hit $0.000081 and then add 180%, per Lucie

Earlier today, Lucie retweeted a post from user @javontm1. In the tweet, the analyst hinted at an optimistic trend in the meme cryptocurrency, Shiba Inu. The currency’s recent actions have consistently led to continuation, implying according to his message, that “a significant price surge” may be imminent.

As a crypto investor, I’ve been closely watching the current price levels, and I firmly believe that the $0.000081 mark is significant. If we manage to break through this barrier, the potential upside for SHIB could be much more substantial than most anticipate. In fact, once we reach the $0.000081 target, I estimate that the price could surge by an impressive 180% or more.

Lucie concluded her tweet by supporting that ultra-bullish outlook: “And I agree!”

The price forecast for SHIB is nearly equivalent to its previous all-time high of $0.00008845, a level it reached back in October 2018 as the second most capitalized meme-based cryptocurrency. By October 28, 2021, this prediction will hold true.

SHIB burn rate in deep red

Based on information from the Shibburn transaction tracker, the rate at which the SHIB meme coin is being destroyed (or “burned”) has dropped significantly by 78.91% in the last 24 hours. This means that only approximately 3,022,929 SHIB tokens were burned during this period, and once they’ve been moved to unreturnable wallets, there’s no possibility of recovering them.

There have been three transactions so far, with the largest one reaching 2,672,655 SHIB.

Yesterday, approximately 15 million meme coins were moved by Shibburn to wallets that can no longer be used, effectively taking them out of circulation.

Currently, the Shiba Inu community, working closely with the coin’s developers, has managed to burn a staggering amount of 410 trillion SHIB tokens since its launch, leaving approximately 584 billion SHIB tokens still in circulation.

At the moment, Shiba Inu ranks 13th on the CoinMarketCap chart, boasting a market cap value exceeding $16.8 billion, even amidst the present volatility in the cryptocurrency sector.

Currently, after Bitcoin‘s surge pushed it back above the $100,000 mark, the overall crypto market has been trending upward, mirroring this path. Notably, Shiba Inu (SHIB) has shown an increase of nearly 23% over the last two days. At the moment I’m writing this, the second most popular meme coin is being traded at $0.00002845 following a slight uptick today.

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2024-12-12 16:43