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Bitcoin Bitcoin (BTC) $118,951.20 ↑ 0.78%
Ethereum Ethereum (ETH) $3,886.54 ↑ 1.89%
XRP XRP (XRP) $3.24 ↑ 2.07%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.03%
BNB BNB (BNB) $854.04 ↑ 7.32%
Solana Solana (SOL) $192.41 ↑ 3.14%
USDC USDC (USDC) $1.00 ↑ 0.00%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 2.46%
TRON TRON (TRX) $0.33 ↑ 1.16%
Cardano Cardano (ADA) $0.83 ↑ 1.05%
Hyperliquid Hyperliquid (HYPE) $44.38 ↑ 3.51%
Sui Sui (SUI) $4.23 ↓ -1.87%
Stellar Stellar (XLM) $0.44 ↑ 0.58%
Chainlink Chainlink (LINK) $19.05 ↑ 1.52%
Hedera Hedera (HBAR) $0.28 ↑ 0.03%
Bitcoin Cash Bitcoin Cash (BCH) $585.18 ↓ -2.45%
Avalanche Avalanche (AVAX) $27.23 ↑ 9.35%
Litecoin Litecoin (LTC) $113.48 ↑ 0.27%
Toncoin Toncoin (TON) $3.39 ↑ 2.19%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 1.18%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.10%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.01%
Uniswap Uniswap (UNI) $10.99 ↑ 2.71%
Polkadot Polkadot (DOT) $4.23 ↑ 1.72%
Monero Monero (XMR) $326.40 ↑ 0.40%
Bitget Token Bitget Token (BGB) $4.70 ↑ 1.98%
Pepe Pepe (PEPE) $0.00 ↑ 2.53%
Dai Dai (DAI) $1.00 ↓ -0.02%
Cronos Cronos (CRO) $0.15 ↑ 5.94%
Aave Aave (AAVE) $303.71 ↑ 2.46%
Ethena Ethena (ENA) $0.68 ↑ 9.27%
Bittensor Bittensor (TAO) $432.51 ↑ 1.04%
NEAR Protocol NEAR Protocol (NEAR) $2.96 ↑ 2.23%
Ethereum Classic Ethereum Classic (ETC) $22.89 ↑ 0.12%
Pi Pi (PI) $0.45 ↑ 1.47%
Ondo Ondo (ONDO) $1.06 ↑ 1.13%
Internet Computer Internet Computer (ICP) $5.88 ↑ 3.55%
Aptos Aptos (APT) $4.92 ↑ 2.30%
OKB OKB (OKB) $49.10 ↑ 1.85%
Bonk Bonk (BONK) $0.00 ↑ 5.92%
Mantle Mantle (MNT) $0.82 ↑ 0.06%
Kaspa Kaspa (KAS) $0.10 ↓ -1.29%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -0.95%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 1.03%
Algorand Algorand (ALGO) $0.28 ↑ 0.57%
Arbitrum Arbitrum (ARB) $0.47 ↑ 3.96%
Render Render (RENDER) $4.37 ↑ 2.19%
VeChain VeChain (VET) $0.03 ↑ 1.52%
GateToken GateToken (GT) $18.22 ↑ 2.25%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.02%
Worldcoin Worldcoin (WLD) $1.22 ↑ 3.81%
SPX6900 SPX6900 (SPX) $2.26 ↑ 12.02%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.30 ↑ 1.46%
Sky Sky (SKY) $0.10 ↑ 1.90%
Sei Sei (SEI) $0.34 ↑ 1.10%
Cosmos Cosmos (ATOM) $4.88 ↑ 1.77%
Filecoin Filecoin (FIL) $2.77 ↑ 2.99%
Jupiter Jupiter (JUP) $0.61 ↑ 3.90%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.76 ↑ 3.70%
Flare Flare (FLR) $0.02 ↑ 2.06%
Story Story (IP) $5.62 ↑ 2.77%
Injective Injective (INJ) $15.87 ↑ 4.29%
Quant Quant (QNT) $128.67 ↑ 1.27%
XDC Network XDC Network (XDC) $0.09 ↑ 2.84%
Celestia Celestia (TIA) $2.05 ↑ 3.31%
KuCoin Token KuCoin Token (KCS) $11.54 ↑ 0.34%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.01%
Optimism Optimism (OP) $0.82 ↑ 12.78%
Fartcoin Fartcoin (FARTCOIN) $1.39 ↑ 4.52%
Curve DAO Token Curve DAO Token (CRV) $1.01 ↓ -3.84%
Stacks Stacks (STX) $0.85 ↑ 4.07%
Four Four (FORM) $3.49 ↑ 0.77%
FLOKI FLOKI (FLOKI) $0.00 ↑ 0.78%
dogwifhat dogwifhat (WIF) $1.14 ↑ 6.08%
Immutable Immutable (IMX) $0.60 ↑ 2.32%
Ethereum Name Service Ethereum Name Service (ENS) $30.51 ↓ -0.93%
PancakeSwap PancakeSwap (CAKE) $3.22 ↑ 15.05%
The Graph The Graph (GRT) $0.11 ↑ 3.29%
Lido DAO Lido DAO (LDO) $1.17 ↑ 6.08%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↓ -0.14%
Kaia Kaia (KAIA) $0.17 ↑ 1.42%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 3.16%
Sonic Sonic (S) $0.34 ↑ 2.15%
Conflux Conflux (CFX) $0.19 ↑ 3.00%
Tezos Tezos (XTZ) $0.90 ↑ 2.28%
PAX Gold PAX Gold (PAXG) $3,334.95 ↓ -0.70%
Theta Network Theta Network (THETA) $0.93 ↑ 3.86%
Vaulta Vaulta (A) $0.58 ↑ 0.38%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.02%
Raydium Raydium (RAY) $3.35 ↑ 9.30%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 1.61%
Nexo Nexo (NEXO) $1.32 ↑ 0.88%
IOTA IOTA (IOTA) $0.22 ↑ 0.85%
Gala Gala (GALA) $0.02 ↑ 3.47%
Tether Gold Tether Gold (XAUt) $3,337.06 ↓ -0.35%
The Sandbox The Sandbox (SAND) $0.32 ↑ 0.44%
Pyth Network Pyth Network (PYTH) $0.14 ↑ 5.32%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↓ -0.07%
Pendle Pendle (PENDLE) $4.68 ↑ 6.50%
Jito Jito (JTO) $2.08 ↑ 3.22%
Bitcoin Bitcoin (BTC) $118,951.20 ↑ 0.78%
Ethereum Ethereum (ETH) $3,886.54 ↑ 1.89%
XRP XRP (XRP) $3.24 ↑ 2.07%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.03%
BNB BNB (BNB) $854.04 ↑ 7.32%
Solana Solana (SOL) $192.41 ↑ 3.14%
USDC USDC (USDC) $1.00 ↑ 0.00%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 2.46%
TRON TRON (TRX) $0.33 ↑ 1.16%
Cardano Cardano (ADA) $0.83 ↑ 1.05%
Hyperliquid Hyperliquid (HYPE) $44.38 ↑ 3.51%
Sui Sui (SUI) $4.23 ↓ -1.87%
Stellar Stellar (XLM) $0.44 ↑ 0.58%
Chainlink Chainlink (LINK) $19.05 ↑ 1.52%
Hedera Hedera (HBAR) $0.28 ↑ 0.03%
Bitcoin Cash Bitcoin Cash (BCH) $585.18 ↓ -2.45%
Avalanche Avalanche (AVAX) $27.23 ↑ 9.35%
Litecoin Litecoin (LTC) $113.48 ↑ 0.27%
Toncoin Toncoin (TON) $3.39 ↑ 2.19%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 1.18%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.10%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.01%
Uniswap Uniswap (UNI) $10.99 ↑ 2.71%
Polkadot Polkadot (DOT) $4.23 ↑ 1.72%
Monero Monero (XMR) $326.40 ↑ 0.40%
Bitget Token Bitget Token (BGB) $4.70 ↑ 1.98%
Pepe Pepe (PEPE) $0.00 ↑ 2.53%
Dai Dai (DAI) $1.00 ↓ -0.02%
Cronos Cronos (CRO) $0.15 ↑ 5.94%
Aave Aave (AAVE) $303.71 ↑ 2.46%
Ethena Ethena (ENA) $0.68 ↑ 9.27%
Bittensor Bittensor (TAO) $432.51 ↑ 1.04%
NEAR Protocol NEAR Protocol (NEAR) $2.96 ↑ 2.23%
Ethereum Classic Ethereum Classic (ETC) $22.89 ↑ 0.12%
Pi Pi (PI) $0.45 ↑ 1.47%
Ondo Ondo (ONDO) $1.06 ↑ 1.13%
Internet Computer Internet Computer (ICP) $5.88 ↑ 3.55%
Aptos Aptos (APT) $4.92 ↑ 2.30%
OKB OKB (OKB) $49.10 ↑ 1.85%
Bonk Bonk (BONK) $0.00 ↑ 5.92%
Mantle Mantle (MNT) $0.82 ↑ 0.06%
Kaspa Kaspa (KAS) $0.10 ↓ -1.29%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -0.95%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 1.03%
Algorand Algorand (ALGO) $0.28 ↑ 0.57%
Arbitrum Arbitrum (ARB) $0.47 ↑ 3.96%
Render Render (RENDER) $4.37 ↑ 2.19%
VeChain VeChain (VET) $0.03 ↑ 1.52%
GateToken GateToken (GT) $18.22 ↑ 2.25%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.02%
Worldcoin Worldcoin (WLD) $1.22 ↑ 3.81%
SPX6900 SPX6900 (SPX) $2.26 ↑ 12.02%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.30 ↑ 1.46%
Sky Sky (SKY) $0.10 ↑ 1.90%
Sei Sei (SEI) $0.34 ↑ 1.10%
Cosmos Cosmos (ATOM) $4.88 ↑ 1.77%
Filecoin Filecoin (FIL) $2.77 ↑ 2.99%
Jupiter Jupiter (JUP) $0.61 ↑ 3.90%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.76 ↑ 3.70%
Flare Flare (FLR) $0.02 ↑ 2.06%
Story Story (IP) $5.62 ↑ 2.77%
Injective Injective (INJ) $15.87 ↑ 4.29%
Quant Quant (QNT) $128.67 ↑ 1.27%
XDC Network XDC Network (XDC) $0.09 ↑ 2.84%
Celestia Celestia (TIA) $2.05 ↑ 3.31%
KuCoin Token KuCoin Token (KCS) $11.54 ↑ 0.34%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.01%
Optimism Optimism (OP) $0.82 ↑ 12.78%
Fartcoin Fartcoin (FARTCOIN) $1.39 ↑ 4.52%
Curve DAO Token Curve DAO Token (CRV) $1.01 ↓ -3.84%
Stacks Stacks (STX) $0.85 ↑ 4.07%
Four Four (FORM) $3.49 ↑ 0.77%
FLOKI FLOKI (FLOKI) $0.00 ↑ 0.78%
dogwifhat dogwifhat (WIF) $1.14 ↑ 6.08%
Immutable Immutable (IMX) $0.60 ↑ 2.32%
Ethereum Name Service Ethereum Name Service (ENS) $30.51 ↓ -0.93%
PancakeSwap PancakeSwap (CAKE) $3.22 ↑ 15.05%
The Graph The Graph (GRT) $0.11 ↑ 3.29%
Lido DAO Lido DAO (LDO) $1.17 ↑ 6.08%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↓ -0.14%
Kaia Kaia (KAIA) $0.17 ↑ 1.42%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 3.16%
Sonic Sonic (S) $0.34 ↑ 2.15%
Conflux Conflux (CFX) $0.19 ↑ 3.00%
Tezos Tezos (XTZ) $0.90 ↑ 2.28%
PAX Gold PAX Gold (PAXG) $3,334.95 ↓ -0.70%
Theta Network Theta Network (THETA) $0.93 ↑ 3.86%
Vaulta Vaulta (A) $0.58 ↑ 0.38%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.02%
Raydium Raydium (RAY) $3.35 ↑ 9.30%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 1.61%
Nexo Nexo (NEXO) $1.32 ↑ 0.88%
IOTA IOTA (IOTA) $0.22 ↑ 0.85%
Gala Gala (GALA) $0.02 ↑ 3.47%
Tether Gold Tether Gold (XAUt) $3,337.06 ↓ -0.35%
The Sandbox The Sandbox (SAND) $0.32 ↑ 0.44%
Pyth Network Pyth Network (PYTH) $0.14 ↑ 5.32%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↓ -0.07%
Pendle Pendle (PENDLE) $4.68 ↑ 6.50%
Jito Jito (JTO) $2.08 ↑ 3.22%
Home Cryptocurrency

Shiba Inu Price Prediction: Can This Meme Coin Reach $0.0001 in November?

Gezim Osmani by Gezim Osmani
31 October 2024
in Cryptocurrency, News
Reading Time: 2 mins read
0
showing Shiba Inu SHIB cryptocurrency with visual elements representing a rising burn rate reduced token supply and

With a recent surge in burn rates reducing Shiba Inu’s circulating supply, investor sentiment is rising, pushing SHIB closer to its price target of $0.0001. In October, approximately 125 million SHIB tokens were burned, and growth in the Shibarium ecosystem is creating a wave of optimism across the market. As SHIB’s supply declines, expectations for its future value increase.

Qubetics is 728x90 1 1

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • Bitwise CIO Says Bitcoin Rally Coming in 2026, Halving Cycle No Longer Relevant
    • Inside CZ’s $76 Billion BNB Empire: What’s Behind the Explosive Price Climb?
  • Shiba Inu’s Monthly Burn Data
  • Shibarium Expansion and Ecosystem Growth
  • Price Target and Future Expectations for SHIB

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Shiba Inu’s Monthly Burn Data

According to Shibburn’s report from October 31, a total of 85 burn events took place throughout the month, removing nearly 124.5 million SHIB from circulation. These transactions occurred at a daily rate of 2.93 on average, with around 4,291 SHIB burned each day. The ongoing supply reduction has positively influenced market sentiment, leading to bullish predictions for SHIB’s price movement.

Currently, the total circulating supply of Shiba Inu stands at 589.26 trillion tokens, with the large October burn rate continuing to impact this supply. In September, about 349 million SHIB tokens were burned, indicating an accelerated burn rate trend. This downward supply trend is driving a strong sense of optimism among investors, bolstered by the continuous reduction in the token’s supply.

Shibarium Expansion and Ecosystem Growth

Another key factor contributing to Shiba Inu’s potential growth is the Shibarium network, which has experienced significant expansion this month. Recent reports indicate that rising development and burn rates within the Shiba Inu ecosystem are generating renewed interest and confidence in the community. Notably, Shiba Inu’s long-term holding rate is high, reflecting increasing trust and positive expectations among SHIB investors. Prominent developers, such as Shytoshi Kusama, have also emphasized the potential for SHIB’s growth, further reinforcing this confidence.

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Price Target and Future Expectations for SHIB

Currently trading around $0.00001857, SHIB has recorded a 1% monthly increase. The outlook for reaching $0.0001 in November has fueled positivity among investors. Additionally, some analysts point to the upcoming U.S. elections and overall crypto market activity as potential contributors to SHIB’s price. According to CoinGape Media, if market conditions align, SHIB could first meet a target price of $0.000081 before progressing toward the $0.0001 goal.

Ekran goruntusu 2024 10 31 101648 2048x666 1

The Turkish NY Radio team notes that the recent developments within the Shiba Inu ecosystem are elevating interest in SHIB, particularly for long-term investors. The burn strategy to reduce supply is supporting SHIB’s price potential, while the strong community backing, growth in Shibarium, and high burn rates indicate that SHIB will remain on investors’ radar in 2024. As SHIB’s supply further decreases, it could become more attractive over the long term, contributing to increased optimism about future price movements.

Tags: burn rateSHIBshiba inuShibariumsupply reduction
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Gezim Osmani

Gezim Osmani

Senior Journalist, Content editor Hi there! My name is Gezim, and I'm a Senior Journalist covering crypto and fintech. I have a passion for technology and finance, and I've spent years following the latest trends in the industry. My goal is to make complex financial concepts accessible to my readers. I strive to provide insightful analysis and explain the latest developments in the world of crypto and fintech in a way that is easy to understand. I believe that knowledge is power, and I want to empower my readers to make informed decisions about their finances. In addition to my professional pursuits, I also love to take photos. I find that photography allows me to capture moments and emotions in a way that words cannot. Whether I'm traveling to a new city or exploring the great outdoors, I always have my camera with me. Photography is a way for me to express my creativity and connect with the world around me. When I'm not working or taking photos, I also enjoy hiking and spending time in nature. There's something about being outside and surrounded by natural beauty that brings me peace and clarity. I also love to read, and I'm always seeking out new books and articles to expand my knowledge. Overall, I'm driven by a desire to help people understand the complex world of finance and technology. Through my writing, photography, and other pursuits, I'm committed to creating content that inspires and informs my readers. I believe that everyone has the potential to achieve financial success, and I'm here to help them along the way. I would love to connect and see how we can work together to shape the future of crypto anf fintech. Let's connect and see where our shared interests and expertise can take us!

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