Shiba Inu (CRYPTO: SHIB) is up 5% on Tuesday, with on-chain activity surging and large transactions hitting new peaks.

Shiba Inu was created in early August 2020 and has since become a serious rival to Dogecoin. The asset has displaced many DOGE wannabes like Jindo Inu, Alaska Inu, Baby Dogecoin, and several others.

Shiba Inu (SHIB) has been gaining momentum, rallying 17% over the past week and showing strong signs of bullish interest.

Shiba Inu's burn rate has dropped by 50% in the past 24 hours, but analysts remain bullish, predicting a 300% surge by May if key technical patterns hold. Shiba Inu’s burn rate has declined by ...