{"id":384107,"date":"2025-03-22T13:32:07","date_gmt":"2025-03-22T08:02:07","guid":{"rendered":"https:\/\/dripp.zone\/news\/shiba-inu-price-eyes-81-upside-with-shib-burn-rate-rising-crypto-news\/"},"modified":"2025-03-22T13:35:37","modified_gmt":"2025-03-22T08:05:37","slug":"shiba-inu-price-eyes-81-upside-with-shib-burn-rate-rising-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/shiba-inu-price-eyes-81-upside-with-shib-burn-rate-rising-crypto-news\/","title":{"rendered":"Shiba Inu Price Eyes 81% Upside With SHIB Burn Rate Rising &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Over the past week, the Shiba Inu price has faced strong volatility, however, it has managed to hold above the $0.0000125 support levels. Furthermore, large volume transactions for SHIB and rising burn rate can serve as an additional catalyst for the same. Technical chart indicators show that a SHIB breakout can lead to an 81% upside for the second-largest meme coin.<\/p>\n<h2>Shiba Inu Price Breakout Can Trigger 81% Upside<\/h2>\n<p>Shiba Inu price is showing signs of a potential bullish reversal as it breaks out of a falling wedge pattern on the daily timeframe. The daily chart shows SHIB trading within a descending channel that has been in place since December 2024, with the price recently testing the upper boundary of this channel. The cryptocurrency reached a high of $0.00001303 and a low of $0.00001293 during this period as shown in the below image.<\/p>\n<figure id=\"attachment_245385\" aria-describedby=\"caption-attachment-245385\" style=\"width: 2048px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-245385\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/SHIBUSDT.jpeg\" alt=\"\" width=\"2048\" height=\"1168\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/SHIBUSDT.jpeg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/SHIBUSDT-300x171.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/SHIBUSDT-1224x698.jpeg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/SHIBUSDT-768x438.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/SHIBUSDT-1536x876.jpeg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/SHIBUSDT-150x86.jpeg 150w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\"\/><\/noscript><figcaption id=\"caption-attachment-245385\" class=\"wp-caption-text\">Source: Crypto SHIB<\/figcaption><\/figure>\n<p>As shown in the above image, a breakout from this descending channel can trigger the next SHIB bull rally with a potential target of 81% on the upside. Some market analysts are also predicting a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/analyst-showcases-how-shiba-inu-price-could-17x-from-current-levels\/\" target=\"_blank\" rel=\"noopener\">17x Shiba Inu rally<\/a> from here onwards.<\/p>\n<h2>Shiba Inu Transaction Volumes on the Rise<\/h2>\n<p>With the Shiba Inu price staging a rebound to $0.00001367 yesterday, the network has witnessed a large transaction volume for the same. On-chain data from IntoTheBlock revealed a significant spike in large Shiba Inu transactions, each valued at $100,000 or more, on March 20.<\/p>\n<p>This coincided with the SHIB price seeing a surge past $0.000013 levels for the first time in a week. The total volume of these transactions rose to 7.49 trillion SHIB, valued at over $97 million at the $0.000013 price point. Thus, it shows a massive 197% jump from the 2.52 trillion SHIB traded the previous day.<\/p>\n<figure id=\"attachment_245387\" aria-describedby=\"caption-attachment-245387\" style=\"width: 1341px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-245387\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1341\" height=\"420\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Shiba-Inu-Large-Transaction-Volume.png 1341w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Shiba-Inu-Large-Transaction-Volume-300x94.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Shiba-Inu-Large-Transaction-Volume-1224x383.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Shiba-Inu-Large-Transaction-Volume-768x241.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Shiba-Inu-Large-Transaction-Volume-150x47.png 150w\" data-lazy-sizes=\"(max-width: 1341px) 100vw, 1341px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Shiba-Inu-Large-Transaction-Volume.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-245387\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Shiba-Inu-Large-Transaction-Volume.png\" alt=\"\" width=\"1341\" height=\"420\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Shiba-Inu-Large-Transaction-Volume.png 1341w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Shiba-Inu-Large-Transaction-Volume-300x94.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Shiba-Inu-Large-Transaction-Volume-1224x383.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Shiba-Inu-Large-Transaction-Volume-768x241.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Shiba-Inu-Large-Transaction-Volume-150x47.png 150w\" sizes=\"auto, (max-width: 1341px) 100vw, 1341px\"\/><\/noscript><figcaption id=\"caption-attachment-245387\" class=\"wp-caption-text\">Source: IntoTheBlock<\/figcaption><\/figure>\n<p>Over the last weekend, the SHIB transactions dropped to a low of 571 billion. However, whale activity has resumed once again showing potential interest from big players. The latest spike of 7.49 trillion SHIB marks the highest transaction volume in nearly two months.<\/p>\n<h2>SHIB Burn Rate on the Rise<\/h2>\n<p>As per the data from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.shibburn.com\/\" target=\"_blank\" rel=\"noopener\">SHIBBurn<\/a>, the overall Shiba Inu burn rate has surged by 21% in the last 24 hours, now moving past $17.1 million. Over the past week, we have seen a strong surge in the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/can-shiba-inu-price-hit-0-01-as-shib-burn-rate-rockets-500\/\" target=\"_blank\" rel=\"noopener\">SHIB burn rate<\/a> thereby raising overall market optimism surrounding the meme coin.<\/p>\n<p>Following the latest burn event, the total number of Shiba Inu tokens permanently removed from circulation has climbed to 410,745,403,545,103. This brings the circulating supply down to approximately 589,254,596,454,896 tokens.<\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new wp_new\" aria-label=\"whatsapp\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/shiba-inu-price-eyes-81-upside-with-shib-burn-rate-rising\/\" target=\"_blank\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new tw_new_logo\" aria-label=\"Twitter\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/shiba-inu-price-eyes-81-upside-with-shib-burn-rate-rising\/\" target=\"_blank\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\n<div class=\"author_Image\">\n                                           <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/ea9be3e93a34c5e53da957afa38c8a81?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/ea9be3e93a34c5e53da957afa38c8a81?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/ea9be3e93a34c5e53da957afa38c8a81?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ea9be3e93a34c5e53da957afa38c8a81?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                  <\/div>\n<p>Bhushan Akolkar  <\/p>\n<\/p><\/div>\n<p>Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.                     <\/p>\n<\/p><\/div>\n<p>Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/5-important-highlights-from-the-recent-fed-meeting\/?utm_source=post&utm_medium=web-story\" target=\"_blank\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" 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Furthermore, large volume transactions for SHIB and rising burn rate can serve as an additional catalyst for the same. Technical chart indicators show that a SHIB breakout can lead to an 81% [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":384108,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-384107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/384107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=384107"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/384107\/revisions"}],"predecessor-version":[{"id":384109,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/384107\/revisions\/384109"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/384108"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=384107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=384107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=384107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}