The crypto community of CoinMarketCap says that Shiba Inu (SHIB) is expected to have a bullish trend by the end of June. As of June 30, more than 18,400 community members had a vote, with a large number of support for SHIB becoming optimistic.
According to most of the respondents, SHIB will trade at an estimate of $0.00002654 by the end of June 2022. 11,000 people believe the price will be $0.00002546 or something lower in July 2022.
CoinMarketCap is a popular cryptocurrency tracker service. The vote results demonstrate the tremendous popularity of the Shiba Inu as well as the high aspirations of the people.
SHIB’s current burn rate drops by 57%
Furthermore, according to Shibburn, 201,786,888 SHIB tokens are being burned in 17 transactions in the last 24 hours. The Burn Gateway was released at the end of April 2022, and so far 410.34 billion Shiba Inu tokens have been liquidated.
It’s worth noting that SHIB’s current burn rate has been reduced by 57.83%.
shiba inu price action
On May 12, 2022, the Shiba Inu (SHIB) fell 99% of its value to $0.00000907. Crypto investors and traders are very happy with the currency’s remarkable recovery from the bottom.
Furthermore, despite the downside trend, SHIB continues to set new highs in terms of token holders. 30,000 new wallet holders were added between the end of April and the end of May, indicating increased interest in Dogecoin.
At the time of publication, the Shiba Inu price is changing hands with a decline of 1.42% over the past 24 hours to $0.0001079. Furthermore, the coin is up over 3% over the past seven days.
However, it still has a long way to go, as it is down 45.3% on a monthly basis. SHIB is also down 87.1% from its all-time high of $0.00008616, reached almost 7 months ago on October 28, 2021.