Shiba Inu's burn rate has surged to 99,000% and analysts predict a potential uptrend for SHIB in the short term.
Despite a recent decline, SHIB is trading at $0.00001175 with analysts anticipating a rebound in the near future.
Analysts suggest SHIB could reach $0.000031 in the short term if it breaks above $0.000018, indicating a possible 180% surge according to Javon Marks.
Factors like burn rate increase, utility, partnerships, and potential ETF filings could play key roles in propelling SHIB towards the $0.01 mark in the long term.