The Shiba Inu (SHIB) token has experienced a remarkable spike in its burn rate, increasing by an astounding 48,320%. This increase has coincided with a 5% rise in the token’s price, suggesting a bullish trend. With the current market dynamics, many traders and investors are speculating on the potential for further growth. Cryptocurrency influencers highlight ongoing patterns in SHIB’s performance, pointing to a series of higher lows that could signal opportunities for investment. As the community rallies around this news, the question arises: Is this the right time to invest in Shiba Inu?