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3 Reasons Why Shiba Inu (SHIB) Could be on the Verge of a Price Rally

  • A surge in token burning and activity on Shibarium could indicate a potential price rally for Shiba Inu (SHIB).
  • The increasing burn rate has made SHIB more scarce, with over 300 million tokens sent to a null address, contributing to potential value growth.
  • Shibarium, Shiba Inu's layer-2 scaling solution, has reached significant milestones with strong user engagement, potentially impacting SHIB's price positively.
  • Recent exchange outflows suggest investors are shifting to self-custody, reducing immediate selling pressure on SHIB exchanges.

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