Shiba Inu might be nearing a big change, with a recent recovery and a potential breakout that could 2x its value this August. As the cryptocurrency market rebounds, Bitcoin and various altcoins are showing bullish signs. Meme coins, including Shiba Inu, have regained attention and are thriving in this uptrend. Along with SHIB’s technical outlook, the ecosystem is growing with new projects like Shiba Shootout. SHIB price analysis The dog-themed cryptocurrency Shiba Inu (SHIB) has experienced a dramatic increase in its burn rate, which surged by 38199412.62%.