Shiba Inu has once again sparked bullish sentiments among crypto market traders and investors globally. On Monday, as the Shiba Inu burn rate noted a whopping 700% uptick, sentiments of a $0.00002 price target looming for token surfaced across the broader industry. Besides, SHIB price currently shows signs of a consolidation. Market watchers speculate whether the burn rate surge could fuel over 30% gains in the token ahead.