Shiba Inu (CRYPTO: SHIB) has seen its burn rate skyrocket over the last day, helping shift momentum from a downtrend into an uptrend. Traders suggest the meme coin could now be entering a rally phase after weeks of consolidation.
| Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001247 | $7.3 billion | +0.9% |
| Dogecoin | (CRYPTO: DOGE) | $0.2197 | $33.1 billion | +2.2% |
| Pepe | (CRYPTO: PEPE) | $0.00001011 | $4.3 billion | -2.8% |
Trader Notes: Crypto trader Kamran Ashgar questioned if SHIB's lengthy consolidation is finally over, hinting at potential for a "massive expansion" ahead.
