Why Shiba Inu Has Been a Favorite Crypto?

Krutika Adani

The rise of memecoins in the 2024 bull rally serves as the most obvious factor for Shiba Inu’s popularity.

The low price of Shiba Inu at $0.000022 also attracts investors.

Another major factor is Shibarium, which brings low fees and DeFi capabilities to Shiba Inu users.

Shiba Inu's burn schedules, which reduce the circulating supply, are also significant factors in the token’s rise.

Finally, the strong technical charts also serve as a major draw for traders and investors