410 Trillion SHIB Burned: Will Shiba Inu Rocket or Crash Spectacularly?

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In the bleak winter of cryptomarkets, where hopes freeze and bears growl ever louder, the Shiba Inu price clings stubbornly to its icy cot at $0.000014—just above the abyss, the year’s low of $0.00001025. Yet, like a dog with a bone, a peculiar flicker of hope sparks: the token burn rate, increasing with the desperate frenzy of a man burning his last possessions for warmth.
This slow incineration of tokens, this whispered promise of scarcity, could perhaps thaw the frostbitten hearts of investors.

How Burning and Staking Might Resurrect the Shiba Inu

Token burn—imagine a ritual where loyal believers cast their coins into the dead lands, never to return. The supply diminishes, so the myth goes, and with it grows the hope—irrational, maybe, but hope nonetheless. Shiba Inu follows this grim tradition, reducing its circulating tokens by leaps and bounds. A staggering 420 trillion tokens consigned to oblivion since its inception, with the fire intensifying; on Monday alone, 14.76 million struck down, leaving 584 trillion tokens gaunt and fewer in the marketplace.

Meanwhile, the faithful Shiba Army muster over 15,000 souls staking their xSHIB tokens—4.83 trillion tokens, worth over $67 million, imprisoned in hopeful bondage. Truly, nothing says ‘faith’ like locking away your coins as you pray for the price to rise rather than vanish into the void.

These tokens vanish by many arcane methods: the most common, a journey to a dead address—an unmarked graveyard for digital death. Others involve ecosystem fees, transmogrified from BONE to SHIB, then cremated in the fire of obscurity that only crypto can concoct.

Will SHIB Soar 150%, or Just Fall with Style?

A recent herald from CoinGape prophesied a 17-fold rise for SHIB, citing cryptic triangle patterns in charts—strange geometric heralds that the ancients might have used to divine fortune, or torment the optimists more. The chart below, a testament to either hope or madness, whispers that a 150% surge lies just beyond this bleak horizon.

The coin is said to bear the scars of a double bottom at $0.00001080—the depths it scraped last August and again this month. Such patterns are the myths traders tell themselves to lull restless souls to sleep. The mystical neckline at $0.000033 looms above like a distant promise of ascent, if only the cruel market winds would cease their howling.

Watch for these signposts on this treacherous voyage: first, the $0.00001565 threshold, a smaller double-bottom neckline; then the crucial $0.000022 mark, the 50% Fibonacci Retracement level—the coin’s supposed rite of passage to glory.

Should SHIB falter and fall below its sacred double-bottom $0.00001080, the fragile dreams of a rally will shatter like glass beneath a boot. The bullish story will unravel, and the dog will retreat once more into the shadows—waiting, perhaps, for the next tale to keep the faithful barking against the long night.

😉🐕🔥

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2025-04-28 19:52