Krutika Adani
Shiba Inu might soon cross $0.000075 and create a new ATH as the crypto looks at a 340% rally.
The rally is expected to easily lift Shiba Inu to a market cap of $30 billion or above, ending the leadership of Dogecoin among memecoins.
Shiba Inu has been witnessing an increased rate of burns showing that its network activity is high in recent times. In the last 24 hours, Shiba Inu's burn rate increased by 7911% leading to the burning of 281 million tokens.
Besides high burns, crypto whales have been accumulating Shiba Inu. In the last seven days, over $300 million worth of SHIB tokens changed hands between whales.
Shiba Inu has the resistances of $0.00002, $0.000035, and $0.000045 before it can make a new ATH. On the downside, $0.000013 acts as the bull market support level.