SHIB News: Ambassador Takes Social Media Hiatus, But Shiba Inu Eyes $0.0001 Price Target by 2027

SHIB Inu’s Shytoshi Kusama Disappears from Social Media - What’s Going On?

The last activity of SHIB Inu’s ambassador, Shytoshi Kusama, on platform X was over a week ago. Lucie, a Shibarium marketer and team member, explained that Shytoshi had stepped away from social media to focus on his global marketing duties. This is not the first time Shytoshi has taken a social media hiatus. The community awaits his return to share updates.

Shiba Inu: Potential to Hit $0.0001 by 2027

Shiba Inu (SHIB) was among the top-performing cryptocurrencies in 2021. Since its launch in August 2020, SHIB’s price surged significantly until it reached an all-time high in October 2021. Early investors experienced massive returns. However, since its peak, SHIB has struggled to regain momentum and has fallen by 85.7% from its all-time high. According to Changelly, SHIB could potentially hit the $0.0001 mark sometime in 2027, which would represent a new all-time high for the asset.

Shiba Inu Burn Rate Crashes, Threatening Price Recovery

Shiba Inu’s price has seen a modest 15% recovery after hitting a one-year low of $0.00001102 on March 11. However, the Shiba Inu burn rate has taken a massive 99.44% nosedive in the past 24 hours, posing a threat to this price recovery. The burn mechanism has been considered vital in creating scarcity and driving up the token’s value.

Shiba Inu Holds Gains with Bullish Prediction

Shiba Inu ($SHIB) has refused to back down after breaking past key resistance. The dog-themed altcoin is holding firm, fueling bullish sentiment as trading volume surges. Crypto analyst Javon Marks, known on X as @JavonTM1, reiterated a bullish prediction for $SHIB, emphasizing that his breakout target remains unchanged at 500%. This indicates that Shiba Inu’s rally may be far from over, even amid market volatility.