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The Shibarium layer-2 blockchain, running on the Ethereum network, was launched in August 2023. The sole purpose of the new network was to expand its utility and use cases by solving problems plaguing the decentralized landscape. While several projects run on the Shibarium network, it barely makes its price shoot up in the charts. Only the burns can help Shiba Inu scale up in the charts as Shibarium is seen as a SHIB burning mill. Also Read: XRP and Shiba Inu 2050 Forecast: Long-Term Crypto Price Prediction SHIB: Here’s the Official Shiba Inu Burn Count on Shibarium Source: thecoinrepublic.com The Shibarium network has burned a total of 1,151,381,964 (1.15 billion) SHIB tokens by the end of May 2025. The Shiba Inu burn rate is also up 5.12% since last week indicating an uptick in sending the tokens to the dead wallet. However, on a larger telescope, the burns are meager as 1.15 billion SHIB tokens are worth only $15,500 currently. Also Read: SHIB Price Prediction: $1K in Shiba Inu...

Shiba Inu (SHIB) fans and investors have long pursued the $0.01 price point. The SHIB community often calls this the “one-cent dream.” While SHIB has had an incredible journey over the last four years, the asset has struggled to gain momentum amid a market-wide lackluster performance. SHIB fans and community members continue to push the asset’s popularity and demand. Also Read: Shiba Inu: $1 Investment in 2020 is Worth This Much Today in 2025 How Can Shiba Inu Fulfil The 1 Cent Dream? Source: Watcher Guru One of the most significant barriers to SHIB’s price is its massive circulating supply. There are about 589 trillion SHIB tokens in circulation. If the asset hits the $0.01 price level with its current supply, the project’s market cap will rise to $5.89 trillion. This figure is highly unrealistic as it is larger than major tech companies such as Apple, Microsoft, Nvidia, etc. Also Read: Bitcoin Overtakes Amazon’s $2.1 Trillion Market Cap Once Again: Apple ...

Join Our Telegram channel to stay up to date on breaking news coverage Generally speaking, SHIB/USD market is on a downtrend, however, it looks like bears are experiencing some resistance. It is very likely that this is the reason why the downtrend looks mild. SHIBs Forecast Statistics Data: Shiba Inu’s current price : is $0.00001015 SHIB’s market cap : $5.64 billion Shiba Inu’s circulating supply : 549.06 billion SHIBs total supply: 589.74 trillion Shiba Inu’s Coinmarketcap ranking: #15 Key Value Marks: Top: $0.00001032, $0.00001060, $0.00001075 Base: $0.00001015, $0.00001005 $0.00000990 Shiba Inu Price Prediction Today, October 16, 2022: SHIB/USD Lacks Upside Momentum Examining the SHIB/USD it could be seen that price action moves slightly downwards. Although the lower limit of the Bollinger indicator has been tested severally, it looks like there are lack of buyers in this market to push the price up, at this point. While it is normal for a...