Shiba Inu Price Eyes a 45% Rebound as Burn Rate Spikes 10,700%

Shiba Inu price continued its freefall and is now hovering at its lowest level since October 2023. It has been one of the worst-performing tokens after plunging by 85% from its highest point in 2024. Still, the coin may rebound in the coming weeks now that it has become highly oversold and the burn rate is soaring.