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Shiba Inu (SHIB) Price To Hit This Level By June 30th! Know-How and Why?

Written by: Delma Wilson

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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Jun 3, 2022

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The crypto community at CoinMarketCap says, Shiba Inu (SHIB) is expected to have a bullish trend by the end of June. There was a vote of above  18,400 community members, with a vast number of support for SHIB becoming optimistic by June 30th.

According to the majority of respondents, SHIB will trade at an estimate of $0.00002654 by the end of June 2022. 11,000 people believe the price will be $0.00002546 or somewhat lower in July 2022.

CoinMarketCap is a popular cryptocurrency tracker service. The vote results demonstrate Shiba Inu’s enormous popularity as well as the high aspirations people have for it.

SHIB’s Current Burn Rate Plunged By 57%

Furthermore, as per Shibburn, 201,786,888 SHIB tokens are being burnt in 17 transactions in the last 24 hours. The burn gateway was released in late April 2022, and 410.34 billion Shiba Inu tokens have been destroyed till date.

It’s worth noting that SHIB’s current burn rate has decreased by 57.83%

Shiba Inu Price Action

On May 12, 2022, Shiba Inu (SHIB) was down by 99% of its value, plummeting to $0.00000907. Crypto investors and traders are overjoyed with the currency’s remarkable recovery from the bottom.

Moreover, despite the negative trend, SHIB continues to set new highs in terms of token holders. 30,000 new wallet holders were added between late April and late May, indicating a surge of interest in the dog coin.

At the time of publication, Shiba Inu price is changing hands at $0.00001079 down by 1.42% in the previous 24 hours. Furthermore, the token has gained more than 3% in the last seven days. 

However, it still has a long way to go, as it is down 45.3% on a monthly basis. SHIB is also down 87.1% from it’s all-time high of $0.00008616, which it reached approximately 7 months ago on October 28th, 2021.

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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