- Massive Burn: More than 1.7 billion Shiba Inu (SHIB) tokens were burned at the end of 2024, raising hopes of a stabilization of the value.
- Bullish Projections: SHIB price could reach $0.00004582 in January 2025, providing significant ROI potential.
- Ecosystem Growth: Shiba Inu plans new projects and community engagement to drive market performance in 2025.
Shiba Inu (SHIB) closed out 2024 on a dramatic note. Over the past week, the project has burned more than 1.7 billion tokens, reducing its circulating supply and reigniting market optimism for 2025. The burn rate has soared 243.34% over the past week. last 24 hours of the year, according to data from Shibburn. A total of 1,717,872 SHIB tokens were permanently removed from circulation during this period.
At press time, SHIB is trading at $0.00002124, reflecting a 33% decline over the past 30 days. However, the recent upward trend and market activity point to a potential recovery. On December 31, trading volume increased by 31.11%, reaching $538.36 million as market participants prepared for the new year. Analysts suggest that this surge, coupled with the token burn, could pave the way for a bull rally in January.
Token burns are essential to Shiba Inu ecosystem. By reducing supply, burns can stabilize or increase value over time. Although SHIB’s December price action has been bearish, the burn aims to counteract oversupply, making the token more attractive to future buyers. Analysts predict that SHIB could reach a maximum price of $0.00004582 in January, a significant improvement from its current levels.
Shiba Inu outlook for 2025: promises and projections
Shiba Inu’s enigmatic lead developer Shytoshi Kusama called 2025 “epic” for the ecosystem. New projects and community engagement should play a central role. According to CoinCodexthe average SHIB price in 2025 could reach $0.00003609, generating a potential return on investment (ROI) of 327.75% from current rates. A high of $0.00009306 is within reach if market conditions align.
Additionally, for SHIB to capitalize on this momentum, the role of the community is vital. Increased engagement and innovative developments are essential. As the ecosystem evolves, investors remain optimistic about SHIB’s long-term trajectory. The large year-end token burn symbolizes not only a technical adjustment, but also a signal of the project’s ambitions to dominate the coin market in 2025.