The post Shiba Inu price outlook as transactions and burn rate jump: golden cross confirmed appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) transactions have surged 350% as trader confidence grows. Over 1B SHIB have been burned, fueling deflation and price speculation. Golden cross formation confirms bullish momentum toward $0.000018. Shiba Inu (SHIB) has captured renewed attention in the crypto markets with signs of a major breakout. The memecoin has outperformed key rivals like Bitcoin (BTC) and Ethereum (ETH) in recent days, driven by surging on-chain activity, an explosive burn rate, and the confirmation of a golden cross on its daily chart. As technical and fundamental indicators continue to align, many investors are now asking whether SHIB is preparing for a substantial move higher. Shiba Inu transactions have spiked as confidence grows In the past ten days, Shiba Inu’s average transaction size has surged by 350%, rising from $2,600 to more than $11,700, according to data from IntoTheBlock. This sharp increase is a strong signal that traders are placing larger bets on SHIB, reflecting growing market confidence and bullish sentiment. This surge in activity coincides with a 2% price gain that pushed Shiba Inu (SHIB) to $0.000014—its highest level since May. Much of this upward pressure stems from Ethereum’s 16% weekly rally, which has lifted sentiment across Ethereum-based tokens like SHIB. With Ethereum outperforming Bitcoin recently, many retail traders have turned to assets within its ecosystem, and SHIB has clearly benefited from this trend. The explosive Shiba Inu (SHIB) burn rate As Shiba Inu’s price rallies, SHIB’s burn rate (representing the number of SHIB tokens permanently removed from circulation) has surged over 2,000% in the past week. More than one billion SHIB tokens have been burned during that period, significantly boosting the asset’s deflationary momentum. This aggressive burn activity is a critical part of SHIB’s long-term strategy. By reducing supply, the token becomes more scarce, potentially increasing its value if…

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Filed under: News - @ July 16, 2025 11:24 am