Shiba Inu, a prominent meme coin, has burned 57.2 million tokens, as reported by Shibburn.com. Despite reducing the circulating supply, the burn’s immediate impact on SHIB's price is minimal, with the total value of the burned tokens at just $1,258. With a market cap of $12.9 billion, small-scale burns like this have limited influence on the token’s value.
Community and Ecosystem Fuel SHIB’s Potential
Shiba Inu’s strong community has been a driving force behind its success, helping the token maintain stability amid market fluctuations. Currently trading above $0.000028, SHIB has shown bullish signs, bouncing off its 50-day moving average (DMA) in December and staying above its 21DMA.
The broader cryptocurrency market may also benefit from regulatory clarity expected under the new U.S. administration, potentially boosting tokens like SHIB. On CoinMarketCap, 89% of users remain optimistic about SHIB, supported by ongoing burns and the anticipation of new projects like the TREAT token and SHIB: The Metaverse, announced by lead developer Shytoshi Kusama.
Can SHIB Achieve Parabolic Growth?
Analysts see the potential for significant growth. Trader Astekz highlights favorable chart patterns, and CryptoBull anticipates a breakout from SHIB’s long-term downtrend. With its growing ecosystem, including decentralized finance (DeFi) and NFT integrations, Shiba Inu is adding tangible value to its token.
If SHIB surpasses its all-time high of $0.000090, it could enter a phase of price discovery. Fibonacci retracement analysis suggests the token’s market cap could grow tenfold to over $150 billion if Bitcoin reaches $200,000 and a $4 trillion market cap. Under these conditions, SHIB could capture approximately 4% of Bitcoin’s market dominance.
2025 SHIB Price Predictions
Binance: $0.00003000 (6.61% increase)
Average Prediction: $0.00004772 (69.67% increase)
Changelly (most optimistic): 137% increase
While some forecasts are optimistic, most analysts predict moderate growth for SHIB in the coming years. With an engaged community and upcoming developments, Shiba Inu remains a key player in the meme coin market, continuing to capture attention and fuel speculation.
