Crypto analyst Javon Marks believes Shiba Inu could see a 503% surge based on an Inverse Head & Shoulders pattern.
Technical analysis suggests a breakout for SHIB towards $0.000081, supported by increasing derivatives trading volume and open interest.
SHIB's burn rate has notably spiked, indicating potential supply reduction and value increase with growing demand.
The Shiba Inu team is working on significant developments like a new token burn mechanism and improvements to the Shibarium network governance for a more decentralized ecosystem.