Incredible Projection! What is the value of a Shiba Inu in 2024? Prepare for the ride!

In 2023, Shiba Inu dominated the memecoin market. Shibarium and Shib Magazine, a magazine dedicated to the Shiba Inu environment, were both released by the number two memecoin. Experts anticipate that Shiba Inu's value will reach an all-time high within the next year, after new pronouncements from Shytoshi Kusama.

Overnight, the Shiba Inu burn rate increases by 161,540%.

Shibbrun wallet tracker data has recently startled the Shiba Inu community. The Shiba Inu burn rate soared by 161,540% in just 24 hours, with nearly 8.5 billion SHIB tokens burned. This increase in token burning has resulted in a 2.5% increase in the price of Shiba Inu, which is now $0.00001062.

While the media is focused on the increasing burn rate, Shiba Inu's Shibarium has also reached a new high. Shibarium passed 160,000,000 transactions on December 22nd, with 7.8 million transactions performed daily. This achievement demonstrates how quickly the Shiba Inu ecosystem is expanding, and it has many investors feeling optimistic about the memecoin.

Shiba Inu's principal developer Shytoshi Kusama announced a new collaboration with D3 in addition to additional accomplishments. This agreement will aid Shiba Inu's entry into the domain market, with.shib domains expected to be available as early as February 2024. This is a significant win for Shiba Inu, as the project's market cap has risen to $6.28 billion.

Market analysts anticipate that a new all-time high is getting closer as Shiba Inu continues to expand its ecosystem. If Shiba Inu repeats its success from this year in 2024, bullish experts estimate that it will surpass its previous all-time high of $0.00008845 by Q4, providing massive returns to existing SHIB token holders.