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Analysts Say “SHIB Is on Fire”; Liken Potential 1,000% Shiba Inu Rally Just Like 2021

  • Shiba Inu (SHIB) has experienced a strong rally, emerging as the top gainer with a 36% gain over the past week.
  • Trading volume, circulation, and whale transactions have reached 10-week highs, indicating significant interest in SHIB.
  • Analysts compare the current trajectory of SHIB to its remarkable surge in October 2021, projecting higher prices.
  • Speculation arises following a significant burn event, increasing scarcity and potentially driving up the price.

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