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Shiba Inu Coin priceCoinGape
•Business
Business & Economics
61% Informative
Analysts forecast that Shiba Inu price can rally by 500% in the near term.
However, the declining burn rate may fail to support such a rally for SHIB .
The meme coin continues to face bearish headwinds, including a drop in the burn rate and lack of Shibarium TVL .
The burn rate has dropped, raising concerns about the impact on a potential price rally.
For SHIB to record such gains, buyers need to make a strong comeback.
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