Shiba Inu Burn Rate Rockets 1000%, SHIB Price To Hit ATH Soon?

Shiba Inu burn rate has soared more than 1000% today, sparking discussion over a potential rally in the SHIB price. Notably, this comes amid a surge of nearly 6% in the meme coin’s price, which has sparked discussions in the crypto market. In addition, a recent price analysis of the crypto highlights key reasons that may help the meme coin hit a new high in the coming days.