candyman

Shiba Inu Latest News and Shibarium Updates: Potential Price Surge with 100 Trillion SHIB Burn, Technical Analysis

  • Written Language: Korean
  • Country: All Countriescountry-flag
  • Economy

Created: 2025-04-07

Created: 2025-04-07 13:42

Hello! Today, we're going to look into the latest news and future outlook of Shiba Inu (SHIB). Recently, with the large-scale update of the Shibarium network, the SHIB burn rate has surged, raising expectations for price increases. Let's take a look at what changes have occurred!


Table of Contents

1. Shibarium's Latest Update and its Impact
2. Strong Signals of SHIB through Technical Analysis
Conclusion


Shiba Inu Latest News and Shibarium Updates: Potential Price Surge with 100 Trillion SHIB Burn, Technical Analysis

1. Shibarium's Latest Update and its Impact

What changes have occurred in the Shibarium network recently? Aren't you curious about how this change will affect SHIB's burn rate and price?

1) Development of Privacy-Focused Layer 3 and Release of 'Karma' Testnet

Privacy is a very important factor in daily life. Reflecting this, Shibarium announced the development of a privacy-focused Layer 3. They also released a testnet called 'Karma'. This system aims to increase SHIB trading volume by encouraging network participation through user rewards. These changes are expected to play a significant role in increasing the SHIB burn rate.

2) Surge in Shibarium's Transaction Volume and User Count

Recently, Shibarium has shown remarkable results, with the number of daily subscribers increasing by over 4,000% and transaction volume also increasing dramatically. This growth is expected to increase network activity and positively impact the increase in SHIB's burn rate.

3) Price Increase Forecast if 100 Trillion SHIB are Burned

The current total supply of SHIB is approximately 589 trillion. If 100 trillion are burned, the market circulation will decrease by about 17%. According to analysis, if this burn occurs, the price of SHIB could rise by up to 260%, reaching $0.0000445. This is a level that surpasses a market capitalization of $21 billion.


Shiba Inu Latest News and Shibarium Updates: Potential Price Surge with 100 Trillion SHIB Burn, Technical Analysis

2. Strong Signals of SHIB through Technical Analysis

What signals are technical indicators showing for SHIB right now? What significance do they have for investors?

1) Upward Trend in RSI and MACD Indicators

Recently, on the 1-hour chart, the RSI (Relative Strength Index) recorded 59, indicating strengthening buying pressure. The MACD (Moving Average Convergence Divergence) also broke through the 0 line, showing a strong buy signal. These indicators suggest the possibility of a price increase for SHIB.

2) Attempting an Upward Breakout from a Descending Triangle Pattern

SHIB is currently attempting an upward breakout from a descending triangle pattern. If this breakout is successful, there are forecasts that it could rise to a short-term target of $0.0000134. This can act as a positive signal for investors.


Shiba Inu Latest News and Shibarium Updates: Potential Price Surge with 100 Trillion SHIB Burn, Technical Analysis

Conclusion

So, we've examined the latest updates and technical analysis of Shiba Inu to explore its future prospects.

In summary:

- Shibarium's privacy-focused Layer 3 development and the release of the 'Karma' testnet are expected to activate the network.
- Increased transaction volume and user count are expected to increase SHIB's burn rate.
- Possibility of a price increase of up to 260% if 100 trillion SHIB are burned.
- Upward trend in RSI and MACD indicators and an attempt at an upward breakout from a descending triangle pattern.


Considering these factors, the future outlook for SHIB looks bright. However, cryptocurrency investment is highly volatile, so careful judgment is necessary. Was this helpful? If you have any more questions, please leave a comment!






Comments0