Shiba Inu (SHIB), the second-largest meme token by market capitalization, has experienced a notable rise of over 3% in just 24 hours. The price reached a peak of $0.00001416, marking a high not seen in nearly seven weeks, according to data from CoinDesk. This price movement reflects a growing bullish sentiment among Shiba Inu investors. The explosive burn rate of tokens has stimulated optimism, leading many to speculate on the future potential of SHIB. Demonstrating resilience in a competitive market, Shiba Inu remains a favorite amidst crypto enthusiasts. Keep an eye on this token as it navigates future challenges.