Shiba Inu (SHIB) Price Rises 9% as Analysts Predict Future Rallies

The Shiba Inu (SHIB) price is on the rise this week, up 9%, and analysts are predicting significant rallies in the future.

The possible increase in the value of the cryptocurrency can be supported by the successful implementation of the burning program and developments in the Shibarium network.

- Investor and trader with the pseudonym SHIB KNIGHT claimed that SHIB broke an important resistance level and predicted new highs if the buying continues at this pace.

- Analyst Xanrox predicted that Shiba Inu will "definitely" rise this year and stated that buying at 0.00002249 is a good level.

- JAVON MARKS and Ali predict a three-digit price increase based on SHIB's "great strength" this year, while Ali thinks a 40% increase is more likely.

While the total number of transactions on the Shibarium network exceeded 400 million, the burn rate increased by 500% on March 21.