The Shiba coin news are positive again. Shiba Inu (SHIB), one of the top meme coins, is making headlines and there’s a good reason for it.

Recently, its burn rate has jumped, with 2.4 billion $SHIB already burnt. This has raised hopes for a possible price increase. So, could this really be the moment when the Shiba Inu coin breaks through and hits new highs? Will the price rise above key resistance levels?

In this article, we’ll look at the latest Shiba Inu news and find out if SHIB has what it takes to make its holders happy.

Burn Rate Jumps by 250%

In short, burning tokens means taking them out of circulation forever. For the Shiba Inu coin, this is a great way to reduce its already large supply. Having fewer tokens can lead to higher prices, especially if demand stays strong.

So, to sum it up: burning makes each remaining token potentially more valuable, taking the Shiba Inu price beyond the current level.

In a newsworthy turn, Shiba Inu’s burn rate has jumped by 250%. The community has burnt over 2.4 billion SHIB tokens in a relatively short time. This shows that many SHIB holders are committed to lowering the token’s supply. The rate is also closely tied to the adjacent projects, like Shibarium, which keeps the burn process going strong. With such a large number of tokens burnt, many are waiting to see if this will lead to a rise in SHIB’s price.

2.4 Billion $SHIB Already Burnt – How Will It Impact the Price?

Right now, the Shiba Inu price is between $0.00001556 and $0.00001672. The increased burn rate could help it stabilize or even rise. As already mentioned, burning reduces the number of tokens, but it’s not always enough to push the price up quickly. Other factors like market mood, whale activity, and trading volume matter too.

In the past, burns helped the Shiba coin price go up when the overall market was in good shape. For example, Shiba Inu hit its all-time high of $0.00008616 during a period of strong burns and market hype. As the rate keeps rising, the chances of another price jump grow. But SHIB still faces strong resistance at $0.00002193 and $0.00002640. Breaking these levels could lead to bigger upside, but it depends on how the broader cryptocurrency market performs.

Shiba Inu’s Relative Strength Index (RSI) is at 54.26, which shows a neutral trend. This means the price could go either way, depending on momentum. As burn rates continue to rise, holders will need to watch the technical data closely to spot any signs of a breakout.

Minotaurus ($MTAUR): A Stable Alternative to Hype-Reliant Coins

With all the buzz about a possible SHIB rally after recent token burns, many fans are eager to add more of their favorite meme coin. While SHIB’s future looks bright, its volatility can’t be ignored. Some smart SHIB holders are exploring other assets with solid foundations. As seen from the social media buzz, one top pick among them is Minotaurus ($MTAUR).

The Minotaurus presale is in full swing, with $MTAUR tokens currently priced at $0.00005961 — 70% lower than the listing price of $0.00020. If you buy today, your initial deposit will experience a ~236% boost. But, $MTAUR offers more than just price increases, though — it plays a key role in the Minotaurus game, allowing players to unlock features like character customization, boosters, and access to special zones.

The casual gaming sector is booming, with a value of nearly $15 billion and a 9% annual growth rate. Minotaurus ($MTAUR) is well equipped to capture a portion of this market. The project focuses heavily on its community—10% of tokens are reserved for community incentives, while only 2% are allocated to the team. Presale buyers also benefit from referral bonuses, as well as extra tokens for extending their vesting periods. These opportunities are hard to pass by, so why wait? Grab your $MTAUR while you still can and become part of the action!

Conclusion

Burning 2.4 billion $SHIB is a big step for the community and could help the price growth. Of course, while burning makes SHIB more scarce, it’s not the only thing that will affect the value. Other things like market trends and large holders will play a role too.

If you’re following Shiba Inu news, keep an eye on the charts and resistance levels. Also, consider diversifying into other promising picks. $MTAUR, now in presale, could give a nice boost to your SHIB holdings. But hurry — the presale spots are limited.

Learn more about Minotaurus:

Website: http://minotaurus.io/ Announcements: https://t.me/minotaurus_official Chat: https://t.me/minotaurus_chat Twitter: https://twitter.com/minotaurus_io

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.