Shiba Inu (SHIB) has been making waves in the crypto world again, and as someone still learning the ropes of trading, I find its journey both exciting and baffling. Over the past 24 hours, SHIB has dropped 6.30%, trading at $0.00002401 as of now. Despite the dip, the buzz around SHIB's future is heating up, with analysts projecting a potential rise to $0.0000998 by 2025.
For perspective, SHIB is still down a whopping 72.83% from its all-time high of $0.00008845 three years ago. But here’s the kicker: its burn rate recently spiked by 69%. If you’re new to the crypto game like me, that means a portion of SHIB tokens are being permanently removed from circulation, reducing supply and (hopefully) driving up demand over time.
Add to that SHIB’s 130% price surge since December, and it’s clear there’s significant market interest, even if the current price action feels a bit shaky. The coin has found some support around $0.00002288, with a market cap sitting at $14.15 billion. Sure, it’s not all sunshine and rainbows with the broader market taking a hit, but SHIB’s long-term prospects seem to have a lot of people intrigued.
To me, SHIB feels like the classic underdog story—a coin that’s been dismissed as just another meme but keeps clawing its way back. Of course, nothing in crypto is guaranteed, so I’m watching closely and learning as I go. Whether or not SHIB hits that 2025 target, its journey is worth keeping an eye on.
