Shiba Inu's 24-Hour Price Drop: Market Trends and Burn Rates
Exploring Shiba Inu's Price Drop Amid Market Changes & Burn Rate Stats Shiba Inu Price Declines Amid Market Shifts, Burn Rate Insights, and Ecosystem GrowthShiba Inu's price experienced a decline of 6.79% in the last 24 hours, falling to $0.00002061(at the time of writing), as traders' attention reportedly shifted to other assets like Official Trump tokens. This highlights the volatility in the meme coin market as investors evaluate their positions.Shiba Inu Supply and Burn Rate DetailsShiba Inu's current total supply stands at 589,256,859,225,123 SHIB, with 584,233,474,369,394 circulating supply. Approximately 410,743,140,774,876 tokens have been burned since its inception. However, the burn rate recently dropped by 98.49%, with only 455,123 SHIB burned in the last 24 hours. This contrasts with the previous day’s surge of over 30 million SHIB burned, emphasizing the inconsistency in token burns despite community efforts to reduce supply.Shibarium Milestone and Ecosystem ImpactShibarium, Shiba Inu’s Layer-2 scaling solution for Ethereum, continues to gain traction. Although its success contributes to the ecosystem by incinerating SHIB tokens from BONE fees, its effect on the token’s price remains mild. This may be due to Shiba Inu’s extensive supply, making significant price movements challenging without sustained burns or increased demand.Shiba Inu vs. Dogecoin: A 2025 PerspectiveShiba Inu and Dogecoin remain locked in competition as the top meme coins. Dogecoin’s potential for payment adoption keeps it relevant, while Shiba Inu is building a broader ecosystem with ShibaSwap, NFTs, and the Shibarium network. Analysts predict a 300% growth for Dogecoin and a 100% rise for Shiba Inu by 2025, making both attractive options for the next bull run.Conclusion: Shiba Inu’s FutureWhile Shiba Inu faces challenges like high supply and market saturation, its expanding ecosystem suggests long-term potential. The introduction of Shiba Inu Treat ($TREAT), designed as a reward token for the ecosystem, adds another layer of utility and community engagement. As the market evolves, Shiba Inu’s success will depend on its ability to balance ecosystem growth with increased utility and significant token burns.Investors should monitor developments in Shibarium, burn rate trends, and market conditions to make informed decisions. Also read: What’s Driving Ondo Finance Rally? Ondo Crypto Price Prediction