Shiba Inu, one of the most popular MEME coins, burned 51.5 million tokens last week according to data from Shibburn.com. Can he lower the price of salt shake?
While the Shibburn data represents a further step in the token deflationary process, the total value of the burned tokens is only around $1,030.45. in today’s prices. Compared to Shiba INU’s massive market capitalization of around $12.9 billion, the impact is ocean decline. Token burning is a strategy to reduce the overall supply of a cryptocurrency, thereby improving its scarcity and value. However, the small-scale burn indicates that its immediate impact on Shiba INU price trajectory is limited. However, there is more to the story
The Shiba INU Community and Ecosystem Fuel Optimism
Shiba Inu has evolved as a speculative asset, attracting great interest due to its large and active community. This participation has been essential to its survival in the volatile field of meme money.
Despite its ongoing burn strategy, shib price has faced between $0.00002 and $0.000025 since early December, with a daily trading volume of around $500 million. Source: Brave New Coin Shib Market Data.
The coin has maintained relative stability, recently trading just above $0.000028 and maintaining its position near the 21-day moving average (DMA). Positive sentiment remains elevated, bolstered by a rebound in the 50DMA in December, suggesting bullish momentum may persist.
Some of this optimism can be credited to broader developments in the United States, where the new Trump administration and Republican-dominated Congress are likely to support cryptocurrency. This could bring regulatory certainty, benefiting the entire cryptocurrency industry, including MEME coins like Shiba Inu.
Analysis of the trading view’s moving average data on the one-month time frame also positions Shib as a strong “buy”.
Overall sentiment around Shib is also high based on analysis on CoinmarketCap – with 89% of surveyed users bullish on the token, primarily driven by Shib’s continued burns and the likely introduction of new projects in 2025.
For example, LEAD developer Shytoshi Kusama has confirmed the upcoming treat token and the launch of “Shib: The Metaverse.” These initiatives boost Shib’s market profile and community engagement.
Parabolic growth potential?
Analysts and traders speculate on the potential of Shiba Inu for a parabolic rally. A prominent crypto trader, Astekz, recently highlighted Shib’s “parabolic potential” based on its chart movements.
Similarly, another analyst, Cryptobull, predicted a likely breakout from a long-term downturn that began in the 2021 highs. The Shiba Inu’s healthy environment is essential to these Optimistic predictions. The token is integrated with a variety of utilities, including decentralized finance applications (DEFI) and NFT platforms, which provide real value to the shib token.
How tall is Shiba INU?
SHIB’s exponential growth is possible if it breaks out its previous high of $0.000090 and enters price discovery. According to Fibonacci Restocking Research, Shib’s market capitalization could increase tenfold from its current price, surpassing $150 billion. While these numbers may seem high, supporters argue that they are feasible in the event that Bitcoin reaches $200,000, which would increase its market value to around $4 trillion. Given his dominance In the meme currency category, many people believe it is credible that Shiba INU’s market cap would only be 4% of Bitcoin under such circumstances.
SHIB Price Prediction – 2025
| Analyst Platform | 2025 peak sampon price prediction | % Increase from current price |
|---|---|---|
| Bitget | 0.0000003666 | 30.28% |
| Binance | $0.00003000 | 6.61% |
| Change | 0.0000006684 | 137.53% |
| Coincox | 0.0000005999 | 113.20% |
| Benzinga | 0.0000004410 | 56.72% |
| Average prediction | 0.0000004772 | 69.67% |
While optimism sounds good, most platforms predict a much more conservative sampon price in 2025. Changelly is the most optimistic with an increase in SHIB price prediction of 137% in 2025, while binance does not forecasts an increase of 6.61% from the current price.
As the crypto market continues to evolve, Shiba INU stands out as a testament to the power of community-driven projects. Whether it will hit another parabolic rally remains uncertain, but the enthusiasm surrounding this meme piece ensures that it stay in the spotlight.