The price of Shiva Inu could double after 2.41 billion SHIBs were burnt

  • The price of Shiva Inu has gone up as 2.4 million Shiva Inu tokens have been burnt, which has reduced the supply of SHIB.
  • Large wallet investor Shiva Inu accumulated a value of $ 20.4 million, which increased the demand for meme coins.
  • Analysts are optimistic about the price of Shiva Inu and hope that the dogecoin-killer will soon double.

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Shiba Inu's price is on track to make a comeback from the recent pullback and double in the near future as the meme coin’s circulating supply shrinks further. Analysts reveal a bullish outlook on Shiba Inu's price.


Shiva Inu prices are set to explode as supplies continue to shrink

Shiva Inu's price has come back after falling by about 5% in the last two weeks. Proponents of her case have been working to make the actual transcript of this statement available online. The main reason for this is that recently 2.41 million SHIB tokens have been sent to Fire Wallet.

Shiva Inu, sent in a dead wallet, was taken out of circulation, which contributed to the supply crisis. The community has contributed to the burning events, which usually positively affect Shiva Inu Dham.


The second reason for Shiva Inu's breakout is the frozen whale. While large wallet investors in the Ethereum network are constantly dipping into Shiva Inu, they have increased their SHIB holdings and diversified their portfolios.

An Ethereum whale recently bought a SHIB worth $ 20.4 million, creating a bullish outlook among community investors.


Historically, the growing shortage of Dogecoin-killer tokens, Shiba Inu, and increased demand and real-world adoption have led to a rally.


Analysts believe that the price of Shiva Inu may double in the near future, and a unique buying opportunity has presented itself to traders.

Analysts have set an upward target of 00 0.0000454 and believe that the rise could push Shiva Inu to 00 0.0000500 at sufficient speed. Analysts are looking to re-examine the স্ত 0.0000211 support level to confirm the bullish forecast.

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