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Shiba Inu coin managed to position itself as one of the meme coins with the biggest potential. Recently, it had a staggering increase in its burn rate by 951.63%, totalling over 30 million tokens burned in just a single day. Analysts also predict Shiba Inu coin price to increase by 300% in the coming months due to growing investment optimism along with a bullish triangle pattern. This demonstrates SHIB’s potential to escape from its meme coin status to being a dynamic ecosystem with long-term effects.
Shiba Inu forecast: SHIB set to explode
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For investors, the creation of a crypto advisory council and the intention to set up a national bitcoin reserve have instilled added confidence. The TRUMP coin’s rise is a perfect example of how political support and community backing can drive a cryptocurrency to become the most popular in the market.