Shiba Inu (SHIB), a well-known meme coin, is gaining traction after breaking out of a long-term downtrend. Traders are paying close attention as the burn rate skyrockets by an astounding 57,000%. With bullish signals and increased market engagement, there are expectations for a significant rally soon. Currently priced around $0.000014, prominent crypto analysts suggest that Shiba Inu could potentially double its value in the near future. The community’s excitement and the rising trading volumes could fuel further increases. Shiba Inu continues to capture market interest as traders speculate on its next moves.