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Bitcoin Bitcoin (BTC) $103,185.22 ↑ 1.79%
Ethereum Ethereum (ETH) $2,339.12 ↑ 14.29%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.03%
XRP XRP (XRP) $2.36 ↑ 5.07%
BNB BNB (BNB) $635.40 ↑ 2.36%
Solana Solana (SOL) $171.73 ↑ 7.76%
USDC USDC (USDC) $1.00 ↓ -0.01%
Dogecoin Dogecoin (DOGE) $0.20 ↑ 7.27%
Cardano Cardano (ADA) $0.78 ↑ 6.67%
TRON TRON (TRX) $0.26 ↑ 2.74%
Sui Sui (SUI) $3.93 ↓ -0.01%
Chainlink Chainlink (LINK) $16.00 ↑ 4.67%
Avalanche Avalanche (AVAX) $23.31 ↑ 9.23%
Stellar Stellar (XLM) $0.30 ↑ 4.60%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 7.08%
Hedera Hedera (HBAR) $0.20 ↑ 4.80%
Hyperliquid Hyperliquid (HYPE) $24.89 ↑ 13.19%
Bitcoin Cash Bitcoin Cash (BCH) $409.86 ↓ -2.19%
Toncoin Toncoin (TON) $3.26 ↑ 2.13%
UNUS SED LEO UNUS SED LEO (LEO) $8.69 ↓ -1.42%
Polkadot Polkadot (DOT) $4.85 ↑ 12.73%
Litecoin Litecoin (LTC) $99.07 ↑ 6.80%
Monero Monero (XMR) $308.20 ↑ 4.52%
Dai Dai (DAI) $1.00 ↓ -0.01%
Bitget Token Bitget Token (BGB) $4.47 ↑ 0.62%
Pepe Pepe (PEPE) $0.00 ↑ 20.27%
Pi Pi (PI) $0.72 ↑ 14.72%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.01%
Uniswap Uniswap (UNI) $6.35 ↑ 14.61%
Bittensor Bittensor (TAO) $426.14 ↑ 2.12%
NEAR Protocol NEAR Protocol (NEAR) $2.90 ↑ 11.28%
Aptos Aptos (APT) $5.54 ↑ 5.89%
Ondo Ondo (ONDO) $1.02 ↑ 7.03%
OKB OKB (OKB) $53.44 ↑ 1.83%
Aave Aave (AAVE) $209.38 ↑ 9.74%
Ethereum Classic Ethereum Classic (ETC) $19.18 ↑ 8.38%
Internet Computer Internet Computer (ICP) $5.39 ↑ 8.00%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $14.02 ↑ 12.61%
Kaspa Kaspa (KAS) $0.10 ↑ 5.29%
Cronos Cronos (CRO) $0.10 ↑ 4.80%
GateToken GateToken (GT) $21.83 ↑ 0.31%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.25 ↑ 1.30%
Mantle Mantle (MNT) $0.77 ↑ 3.33%
Render Render (RENDER) $4.94 ↑ 6.36%
VeChain VeChain (VET) $0.03 ↑ 9.41%
Ethena Ethena (ENA) $0.37 ↑ 17.79%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.19%
Filecoin Filecoin (FIL) $3.03 ↑ 6.58%
Algorand Algorand (ALGO) $0.23 ↑ 7.68%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.84 ↑ 11.78%
Cosmos Cosmos (ATOM) $4.97 ↑ 11.82%
Celestia Celestia (TIA) $2.93 ↑ 8.56%
Arbitrum Arbitrum (ARB) $0.38 ↑ 7.91%
Bonk Bonk (BONK) $0.00 ↑ 11.65%
Sonic (prev. FTM) Sonic (prev. FTM) (S) $0.59 ↑ 5.48%
Worldcoin Worldcoin (WLD) $1.17 ↑ 14.04%
Jupiter Jupiter (JUP) $0.53 ↑ 15.72%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.05%
Stacks Stacks (STX) $0.98 ↑ 1.43%
Maker Maker (MKR) $1,720.82 ↑ 4.32%
KuCoin Token KuCoin Token (KCS) $11.16 ↑ 1.88%
EOS EOS (EOS) $0.86 ↑ 1.08%
Fartcoin Fartcoin (FARTCOIN) $1.32 ↑ 13.64%
Flare Flare (FLR) $0.02 ↑ 1.59%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.94 ↑ 9.27%
Optimism Optimism (OP) $0.75 ↑ 13.30%
DeXe DeXe (DEXE) $14.77 ↑ 0.30%
Story Story (IP) $4.57 ↑ 11.00%
XDC Network XDC Network (XDC) $0.08 ↑ 3.30%
Sei Sei (SEI) $0.24 ↑ 7.62%
Immutable Immutable (IMX) $0.66 ↑ 10.12%
Injective Injective (INJ) $11.76 ↑ 8.97%
Quant Quant (QNT) $94.48 ↑ 0.05%
The Graph The Graph (GRT) $0.11 ↑ 10.68%
Curve DAO Token Curve DAO Token (CRV) $0.76 ↑ 2.84%
FLOKI FLOKI (FLOKI) $0.00 ↑ 10.70%
Lido DAO Lido DAO (LDO) $1.01 ↑ 12.82%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 7.03%
Pudgy Penguins Pudgy Penguins (PENGU) $0.01 ↑ 0.74%
Theta Network Theta Network (THETA) $0.89 ↑ 9.63%
Four Four (FORM) $2.32 ↓ -6.07%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.01%
IOTA IOTA (IOTA) $0.23 ↑ 4.89%
Gala Gala (GALA) $0.02 ↑ 13.20%
The Sandbox The Sandbox (SAND) $0.33 ↑ 8.63%
Raydium Raydium (RAY) $2.87 ↑ 4.60%
Ethereum Name Service Ethereum Name Service (ENS) $22.77 ↑ 10.95%
Core Core (CORE) $0.82 ↑ 10.28%
Tether Gold Tether Gold (XAUt) $3,342.64 ↑ 0.98%
Nexo Nexo (NEXO) $1.26 ↓ -0.19%
Bitcoin SV Bitcoin SV (BSV) $41.11 ↑ 3.35%
Walrus Walrus (WAL) $0.61 ↓ -2.03%
PAX Gold PAX Gold (PAXG) $3,346.54 ↑ 0.94%
BitTorrent [New] BitTorrent [New] (BTT) $0.00 ↑ 5.97%
Brett (Based) Brett (Based) (BRETT) $0.08 ↑ 5.60%
Pyth Network Pyth Network (PYTH) $0.21 ↑ 38.98%
Helium Helium (HNT) $4.07 ↑ 3.89%
PancakeSwap PancakeSwap (CAKE) $2.30 ↑ 4.68%
dogwifhat dogwifhat (WIF) $0.72 ↑ 7.15%
Kaia Kaia (KAIA) $0.12 ↑ 0.38%
Bitcoin Bitcoin (BTC) $103,185.22 ↑ 1.79%
Ethereum Ethereum (ETH) $2,339.12 ↑ 14.29%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.03%
XRP XRP (XRP) $2.36 ↑ 5.07%
BNB BNB (BNB) $635.40 ↑ 2.36%
Solana Solana (SOL) $171.73 ↑ 7.76%
USDC USDC (USDC) $1.00 ↓ -0.01%
Dogecoin Dogecoin (DOGE) $0.20 ↑ 7.27%
Cardano Cardano (ADA) $0.78 ↑ 6.67%
TRON TRON (TRX) $0.26 ↑ 2.74%
Sui Sui (SUI) $3.93 ↓ -0.01%
Chainlink Chainlink (LINK) $16.00 ↑ 4.67%
Avalanche Avalanche (AVAX) $23.31 ↑ 9.23%
Stellar Stellar (XLM) $0.30 ↑ 4.60%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 7.08%
Hedera Hedera (HBAR) $0.20 ↑ 4.80%
Hyperliquid Hyperliquid (HYPE) $24.89 ↑ 13.19%
Bitcoin Cash Bitcoin Cash (BCH) $409.86 ↓ -2.19%
Toncoin Toncoin (TON) $3.26 ↑ 2.13%
UNUS SED LEO UNUS SED LEO (LEO) $8.69 ↓ -1.42%
Polkadot Polkadot (DOT) $4.85 ↑ 12.73%
Litecoin Litecoin (LTC) $99.07 ↑ 6.80%
Monero Monero (XMR) $308.20 ↑ 4.52%
Dai Dai (DAI) $1.00 ↓ -0.01%
Bitget Token Bitget Token (BGB) $4.47 ↑ 0.62%
Pepe Pepe (PEPE) $0.00 ↑ 20.27%
Pi Pi (PI) $0.72 ↑ 14.72%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.01%
Uniswap Uniswap (UNI) $6.35 ↑ 14.61%
Bittensor Bittensor (TAO) $426.14 ↑ 2.12%
NEAR Protocol NEAR Protocol (NEAR) $2.90 ↑ 11.28%
Aptos Aptos (APT) $5.54 ↑ 5.89%
Ondo Ondo (ONDO) $1.02 ↑ 7.03%
OKB OKB (OKB) $53.44 ↑ 1.83%
Aave Aave (AAVE) $209.38 ↑ 9.74%
Ethereum Classic Ethereum Classic (ETC) $19.18 ↑ 8.38%
Internet Computer Internet Computer (ICP) $5.39 ↑ 8.00%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $14.02 ↑ 12.61%
Kaspa Kaspa (KAS) $0.10 ↑ 5.29%
Cronos Cronos (CRO) $0.10 ↑ 4.80%
GateToken GateToken (GT) $21.83 ↑ 0.31%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.25 ↑ 1.30%
Mantle Mantle (MNT) $0.77 ↑ 3.33%
Render Render (RENDER) $4.94 ↑ 6.36%
VeChain VeChain (VET) $0.03 ↑ 9.41%
Ethena Ethena (ENA) $0.37 ↑ 17.79%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.19%
Filecoin Filecoin (FIL) $3.03 ↑ 6.58%
Algorand Algorand (ALGO) $0.23 ↑ 7.68%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.84 ↑ 11.78%
Cosmos Cosmos (ATOM) $4.97 ↑ 11.82%
Celestia Celestia (TIA) $2.93 ↑ 8.56%
Arbitrum Arbitrum (ARB) $0.38 ↑ 7.91%
Bonk Bonk (BONK) $0.00 ↑ 11.65%
Sonic (prev. FTM) Sonic (prev. FTM) (S) $0.59 ↑ 5.48%
Worldcoin Worldcoin (WLD) $1.17 ↑ 14.04%
Jupiter Jupiter (JUP) $0.53 ↑ 15.72%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.05%
Stacks Stacks (STX) $0.98 ↑ 1.43%
Maker Maker (MKR) $1,720.82 ↑ 4.32%
KuCoin Token KuCoin Token (KCS) $11.16 ↑ 1.88%
EOS EOS (EOS) $0.86 ↑ 1.08%
Fartcoin Fartcoin (FARTCOIN) $1.32 ↑ 13.64%
Flare Flare (FLR) $0.02 ↑ 1.59%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.94 ↑ 9.27%
Optimism Optimism (OP) $0.75 ↑ 13.30%
DeXe DeXe (DEXE) $14.77 ↑ 0.30%
Story Story (IP) $4.57 ↑ 11.00%
XDC Network XDC Network (XDC) $0.08 ↑ 3.30%
Sei Sei (SEI) $0.24 ↑ 7.62%
Immutable Immutable (IMX) $0.66 ↑ 10.12%
Injective Injective (INJ) $11.76 ↑ 8.97%
Quant Quant (QNT) $94.48 ↑ 0.05%
The Graph The Graph (GRT) $0.11 ↑ 10.68%
Curve DAO Token Curve DAO Token (CRV) $0.76 ↑ 2.84%
FLOKI FLOKI (FLOKI) $0.00 ↑ 10.70%
Lido DAO Lido DAO (LDO) $1.01 ↑ 12.82%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 7.03%
Pudgy Penguins Pudgy Penguins (PENGU) $0.01 ↑ 0.74%
Theta Network Theta Network (THETA) $0.89 ↑ 9.63%
Four Four (FORM) $2.32 ↓ -6.07%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.01%
IOTA IOTA (IOTA) $0.23 ↑ 4.89%
Gala Gala (GALA) $0.02 ↑ 13.20%
The Sandbox The Sandbox (SAND) $0.33 ↑ 8.63%
Raydium Raydium (RAY) $2.87 ↑ 4.60%
Ethereum Name Service Ethereum Name Service (ENS) $22.77 ↑ 10.95%
Core Core (CORE) $0.82 ↑ 10.28%
Tether Gold Tether Gold (XAUt) $3,342.64 ↑ 0.98%
Nexo Nexo (NEXO) $1.26 ↓ -0.19%
Bitcoin SV Bitcoin SV (BSV) $41.11 ↑ 3.35%
Walrus Walrus (WAL) $0.61 ↓ -2.03%
PAX Gold PAX Gold (PAXG) $3,346.54 ↑ 0.94%
BitTorrent [New] BitTorrent [New] (BTT) $0.00 ↑ 5.97%
Brett (Based) Brett (Based) (BRETT) $0.08 ↑ 5.60%
Pyth Network Pyth Network (PYTH) $0.21 ↑ 38.98%
Helium Helium (HNT) $4.07 ↑ 3.89%
PancakeSwap PancakeSwap (CAKE) $2.30 ↑ 4.68%
dogwifhat dogwifhat (WIF) $0.72 ↑ 7.15%
Kaia Kaia (KAIA) $0.12 ↑ 0.38%
Home Cryptocurrency

Shiba Inu Price Prediction: Can This Meme Coin Reach $0.0001 in November?

Gezim Osmani by Gezim Osmani
31 October 2024
in Cryptocurrency, News
Reading Time: 2 mins read
0
showing Shiba Inu SHIB cryptocurrency with visual elements representing a rising burn rate reduced token supply and

With a recent surge in burn rates reducing Shiba Inu’s circulating supply, investor sentiment is rising, pushing SHIB closer to its price target of $0.0001. In October, approximately 125 million SHIB tokens were burned, and growth in the Shibarium ecosystem is creating a wave of optimism across the market. As SHIB’s supply declines, expectations for its future value increase.

Qubetics is 728x90 1 1

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • Crypto.com to Bring Bitcoin to UAE Gas Stations This Year
    • Ripple XRP Whales Buy Big After $50M SEC Settlement, Price Jumps 27%
  • Shiba Inu’s Monthly Burn Data
  • Shibarium Expansion and Ecosystem Growth
  • Price Target and Future Expectations for SHIB

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Shiba Inu’s Monthly Burn Data

According to Shibburn’s report from October 31, a total of 85 burn events took place throughout the month, removing nearly 124.5 million SHIB from circulation. These transactions occurred at a daily rate of 2.93 on average, with around 4,291 SHIB burned each day. The ongoing supply reduction has positively influenced market sentiment, leading to bullish predictions for SHIB’s price movement.

Currently, the total circulating supply of Shiba Inu stands at 589.26 trillion tokens, with the large October burn rate continuing to impact this supply. In September, about 349 million SHIB tokens were burned, indicating an accelerated burn rate trend. This downward supply trend is driving a strong sense of optimism among investors, bolstered by the continuous reduction in the token’s supply.

Shibarium Expansion and Ecosystem Growth

Another key factor contributing to Shiba Inu’s potential growth is the Shibarium network, which has experienced significant expansion this month. Recent reports indicate that rising development and burn rates within the Shiba Inu ecosystem are generating renewed interest and confidence in the community. Notably, Shiba Inu’s long-term holding rate is high, reflecting increasing trust and positive expectations among SHIB investors. Prominent developers, such as Shytoshi Kusama, have also emphasized the potential for SHIB’s growth, further reinforcing this confidence.

Price Target and Future Expectations for SHIB

Currently trading around $0.00001857, SHIB has recorded a 1% monthly increase. The outlook for reaching $0.0001 in November has fueled positivity among investors. Additionally, some analysts point to the upcoming U.S. elections and overall crypto market activity as potential contributors to SHIB’s price. According to CoinGape Media, if market conditions align, SHIB could first meet a target price of $0.000081 before progressing toward the $0.0001 goal.

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Ekran goruntusu 2024 10 31 101648 2048x666 1

The Turkish NY Radio team notes that the recent developments within the Shiba Inu ecosystem are elevating interest in SHIB, particularly for long-term investors. The burn strategy to reduce supply is supporting SHIB’s price potential, while the strong community backing, growth in Shibarium, and high burn rates indicate that SHIB will remain on investors’ radar in 2024. As SHIB’s supply further decreases, it could become more attractive over the long term, contributing to increased optimism about future price movements.

Tags: burn rateSHIBshiba inuShibariumsupply reduction
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Gezim Osmani

Gezim Osmani

Senior Journalist, Content editor Hi there! My name is Gezim, and I'm a Senior Journalist covering crypto and fintech. I have a passion for technology and finance, and I've spent years following the latest trends in the industry. My goal is to make complex financial concepts accessible to my readers. I strive to provide insightful analysis and explain the latest developments in the world of crypto and fintech in a way that is easy to understand. I believe that knowledge is power, and I want to empower my readers to make informed decisions about their finances. In addition to my professional pursuits, I also love to take photos. I find that photography allows me to capture moments and emotions in a way that words cannot. Whether I'm traveling to a new city or exploring the great outdoors, I always have my camera with me. Photography is a way for me to express my creativity and connect with the world around me. When I'm not working or taking photos, I also enjoy hiking and spending time in nature. There's something about being outside and surrounded by natural beauty that brings me peace and clarity. I also love to read, and I'm always seeking out new books and articles to expand my knowledge. Overall, I'm driven by a desire to help people understand the complex world of finance and technology. Through my writing, photography, and other pursuits, I'm committed to creating content that inspires and informs my readers. I believe that everyone has the potential to achieve financial success, and I'm here to help them along the way. I would love to connect and see how we can work together to shape the future of crypto anf fintech. Let's connect and see where our shared interests and expertise can take us!

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