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The popular meme token Shiba Inu (SHIB) continued its upward trend over the weekend, raising optimism that the upward trend will continue.
Cryptocurrency news website UToday reported that popular cryptocurrency analyst Ali Martinez predicted that Sybainu would continue its significant bull run if it holds the key resistance level of $0.0000103.
Martinez predicted that $0.000014 would be Sibainu's next target after maintaining $0.0000103 resistance.
#ShibaInu is showing signs of breakout! If $SHIB maintains the crucial support level at $0.0000103, the next stop for #SHIB could be $0.0000140. pic.twitter.com/Aml4vtSeQK
— Ali (@ali_charts) December 16, 2023
Martinez predicted that the price of Sibainu would be adjusted by more than 10% after it had already soared to $0.000012 when it recorded $0.000011. Considering this, it can be considered reasonable to expect that the price will continue to strengthen if the price is maintained at $0.0000103.
NewsBTC, a media outlet specializing in blockchain, explained that token burning, which will help with the development and increase in value of Sabianu, will help Sabianu's upward trend.
According to data from Shibainu token burn tracking platform Shibburn, the amount of token burns increased by 10.07% in 24 hours as of the 17th (local time).
Additionally, the Syvainu Discord channel manager announced that Syvainu plans to burn 25 billion Syvainu tokens in Sybarium soon.
Next, NewsBTC paid attention to the remarks of Shibainu core developer Shytoshi Kusama.
Kusama said the value and usability of the token have developed thanks to the Shibainu community's efforts to improve the complex economics of the Shibainu token by participating in various social media posting activities. He evaluated that thanks to various project efforts aimed at strengthening the Sibainu ecosystem, it will be possible to realize the development of a token that will remain strong in the long term.
