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What’s Stopping Shiba Inu From Reaching $0.0001?

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Summary
Nutrition label

71% Informative

Meme Coin Shiba Inu price struggles to reach $ 0.0001 amid broader trends.

The leading dog-themed meme crypto has encountered substantial hurdles, with only 55.54 million coins burnt in the past week .

The waning burn rate, in turn, lines with the sluggish performance, underscoring that the circulating supply has not taken a drastic hit.

Nevertheless, long-term prospects for the asset continue to reflect bullishness, indicating more price gains ahead.

A rally to the abovementioned price target is possible by January 2025 .

VR Score

62

Informative language

57

Neutral language

20

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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