The Shiba Inu (SHIB) token burn mechanism is rapidly reducing supply, fueling speculation that its price could reach $0.00002 by Christmas

As SHIB continues its deflationary approach, meme coin investors are also turning their attention to HexyDog ($HEXYDOG), a rising contender in the crypto presale market.

The price of Shiba Inu (SHIB) could reach $0.00002 by Christmas if the token's burn rate continues to increase at its current pace, according to crypto analysts. As the meme coin continues its deflationary approach, meme coin investors are also following the progress of HexyDog (HEXY), a rising contender in the crypto presale market.

Shiba Inu: Burning Tokens and Integration

SHIB’s developers have been increasing token burns, which permanently remove millions of tokens from circulation. This strategy aims to enhance scarcity, ultimately driving long-term value appreciation for the remaining supply.

If burn rates continue to rise, analysts suggest that Shiba Inu could test the $0.00002 mark before the end of the year. However, the token’s price trajectory will depend on overall market conditions, investor sentiment, and further developments in its ecosystem.

Shiba Inu is also integrating DeFi and NFTs into its ecosystem, while a new Layer-2 scaling solution called Shibarium is expected to launch later this year. These initiatives could provide substantial bullish momentum for the meme coin sector.

HexyDog: A New Meme Token With Presale Potential

While Shiba Inu is focusing on burning existing tokens, another meme coin, HexyDog (HEXY), is rapidly gaining attention in the presale market at a price of $0.0023.

Unlike many meme coins that are purely driven by speculation, HexyDog is tying its utility to real-world applications. The HEXY tokens will be used for purchasing pet-related products and services, as well as for charitable contributions, aiming to provide a deeper layer of engagement for its community.

With a structured roadmap, increasing presale demand, and a community-driven approach, HexyDog offers a fresh perspective on meme coin utility. Some analysts predict that if adoption continues to grow at the current rate, HexyDlog could reach $0.01 by 2025.