Shiba Inu prices have risen by 250%, with search activities surging

According to CryptoPotato, the price of Shiba Inu has risen by 250% in a month, sparking global attention and search activity. Analysts predict that there may be more increases in the future, with developments like the Shibarium blockchain solution and a significant increase in token burning rate potentially contributing to this rise. According to Google Trends, the popularity of Shiba Inu on the largest search engine has soared to its highest level since December 2021. Countries most interested in this asset include Singapore, the United States, the Netherlands, Canada, Belgium, among others. Data shows that common phrases related to SHIB entered on Google include "Shiba Inu coin price," "Shiba Inu price prediction," and "Shiba Inu coin news." Despite some slowing momentum over the past few days, there may still be more room for growth for the token in the near future. Users Ali and JAKE agree on this point. The former recently stated that SHIB formed "a symmetrical triangle" on a 4-hour chart combined with "continuing closing at resistance level of $0.000038," which could trigger a "40% bullish breakout." JAKE is even more optimistic and predicts that this self-proclaimed Dogecoin killer token will become the biggest meme coin by 2025. Currently, DOGE ranks first with a market value of $24 billion while its competitor ranks second at $19 billion. Another important consideration is further development of second-layer blockchain solution Shibarium as well as successful execution of burning plans. As reported last week on CryptoPotato, total trading volume online has exceeded 4 billion while burning rate surged by 30,000%.