📈 Veteran pseudonymous crypto trader Altcoin Sherpa views the Shiba Inu chart as "high-frequency trading" and advises traders to exercise patience.

🔍 What Happened: In a March 31 tweet thread on meme coins, Sherpa lists the pros and cons of trading the “Dogecoin Killer.” Although he does not expect “a 20xer” on this meme coin, he sees some pros:

✅ Pros:
Like Dogecoin, it boasts huge liquidity.The token has fundamental developments like Shibarium and burns.It may “have some moments” flipping Dogecoin.

❌ Cons:
Not expected to achieve a 20x return at this point.Likely to take a backseat to Doge overall in terms of Ethereum memes.

🚀 Sherpa concludes that the technical chart still looks like "high trading frequency" but cautions traders to be patient.

💡 Why It Matters: Based on Shib Burn data, Shiba Inu’s burn rate in the past 24 hours surged by 2,307%, with one single transaction burning 105.5 million SHIB tokens around eight hours ago. Despite trading 10% lower over the past 24 hours, its monthly (19.3%) and yearly gains (136%) remain strong, allowing the token to shed a zero from its price.