Analyst: SHIB may see an increase, the burning plan and Shibarium play a role

According to CryptoPotato, despite the market experiencing a correction, Shiba Inu (SHIB) has still risen by about 15% in the past month. Analyst Ali predicts that if SHIB maintains its key support level of $0.0000103, its price could increase by 45%. The positive burning mechanism of the Shiba Inu project may have a positive impact on its value. In recent days, the burning rate has increased by 780,000%, destroying over 8.5 billion tokens. Currently, 41% of SHIB's total supply has been burned. Additionally, the development of Shibarium, Shiba Inu's Layer-2 blockchain solution, may also drive up its price. Shibarium has achieved significant milestones including over 2 million blocks and over 135 million transactions.