Shiba Inu has experienced a dramatic 213% increase in its burn rate, removing over 3 million tokens from circulation in just 24 hours. This heightened activity has sparked renewed interest in the cryptocurrency, with market analysts predicting a potential price rally. Currently, Shiba Inu is trading around $0.00001258, with technical indicators such as the RSI and MACD showing neutral trends. The increased burn rate has enhanced the token's scarcity, which could lead to a price increase. Analysts have identified potential upside targets as high as $0.0020. The community is closely monitoring the situation, as the current burn rate is considered one of the most bullish signals for Shiba Inu in recent months.