Shiba Inu to Reach US$0.000015 Before the end of September: Analysis

According to the latest report published by Coinmarketcap, Shiba Inu might reach US$0.000015 before the end of September.

There was an insurrection with meme coins, and Shiba Inu (SHIB) served as the revolution's leader. Shiba Inu (SHIB) has announced that it intends to participate in the metaverse and engage in a battle of wits with other cryptocurrencies, which play a significant role in the metaverse. Shiba Inu (SHIB) plans to put up a fierce brawl with other digital assets in the battle for supremacy in the industry. According to the latest report published by Coinmarketcap, Shiba Inu might reach US$0.000015 before the end of September.

To create the SHIB token's metaverse, the layer-two solution known as shibarium will be utilized. As a result of the many positive changes occurring inside the Shiba Inu ecosystem, the SHIB token is currently in a powerful position.

Within the Shiba Inu ecosystem, planned steps for an optimal burn mechanism are currently being implemented. Tokens with a track record of epic bull runs, such as Shiba's, should not be disregarded because they have a nearly equal chance of replicating the same achievement.

After Shiba Inu took a sharp correction off a strong resistance around $0.00001700 price has been on a downtrend since then. However, it appears as if that narrative is about to change at this point as buying activities seem to have resumed. On this SHIB/USD daily chart, we can see that price was pushed upwards by a green candle lately which signifies that the buyer had the upper hand in the trading session.

The question of SHIB burns remains ambiguous. On the one hand, during the existence of the project, 41% of the total supply was burned. On the other hand, we have data on the burning of only $154,507 per quarter. If we extrapolate this number for the year, we get about $600,000, which is equal to 1% of the current capitalization of Shiba Inu. It does not seem to be much.