Coinspeaker
4 hours ago
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Shiba Inu Burn Rate Drops 90% Despite Bullish Market Trends

Key Points on Shiba Inu ($SHIB)

  • Shiba Inu's burn rate dropped by 90%, yet the coin trades around $0.000008897, up by over 4% amid a market recovery.
  • A falling wedge pattern on the daily chart suggests potential trend reversal; price above the wedge indicates weakening seller control.
  • Bollinger Bands are narrowing, signaling possible larger moves; resistance zones at $0.00000910 and $0.00001012.
  • MACD lines nearing convergence above the signal line, indicating early strength.
  • If price falls back inside the wedge, support levels to watch are $0.00000755 and $0.00000799.

SHIB’s price chart with bullish falling wedge pattern. | Source: Trading View

Shibarium's Privacy Upgrade

  • Shiba Inu plans a major privacy upgrade for its platform Shibarium by Q2 2026.
  • Zama will provide encryption to keep transactions and smart-contract activities private.
  • The upgrade follows security improvements post-breach, with Zama’s public testnet live on Ethereum's Sepolia network.

AI Partnership with TokenPlay

  • Shiba Inu partners with NVIDIA-backed TokenPlay AI to create a Shiba-themed app featuring gaming and rewards for $SHIB holders.
  • The partnership aims to facilitate easy app and game creation without coding.
  • Analysts expect increased demand through usage in gaming and community applications.

These developments coincide with ongoing updates from the Shiba Inu team, including enhancements to Shibarium's developer hub, boosting daily activity.