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Shiba Inu (SHIB), the 17th largest cryptocurrency by market capitalization, has made remarkable progress since its modest beginnings as a meme coin.  Once dismissed as a speculative token with limited utility, SHIB has established itself in the cryptocurrency space through continuous development and strong community-driven efforts. Investor interest in SHIB has recently been reignited by a sharp increase in the token’s burn rate. Millions of SHIB tokens have been permanently removed from circulation, fueling optimism about the potential impact of reduced supply alongside ongoing ecosystem advancements.  Picks for you Can Silver hit $100 in 2025 1 hour ago Crypto developers can earn up to $1.5 million in 2025 with EGLD’s Growth Gam...

Shiba Inu (SHIB) had a challenging month in August, and the meme coin started on a bearish note in September. At press time, SHIB was trading at $0.00001358, with a 0.61% rise over the past 24 hours. This comes after a 6.22% decline throughout the last week. Also Read: Maduro’s Crypto Comeback: What Venezuela’s Shift Means for US Investors Historical Performance And Future Predictions Source Historical Performance Of Shiba Inu According to historical statistics, SHIB had a monthly loss after the previous two Septembers. In September 2023 and 2022, Shiba Inu saw a monthly loss of 8.25% and 6.43%, respectively. 2021 was the only year that SHIB saw an uptick. As a result, this September could be considered a challenging month for the meme coin. Community’s $1 And Cent Milestones The community is still placing bets on the $1 and cent milestones. To reach the desired 1 cent dream, SHIB would need to increase its price by 73,537.70% from its current level. Reaching the dollar zone will be mo...