Shiba Inu, one of the top meme coins, has burned 57.2 million tokens, according to Shibburn.com. However, with the current token value at $1,258 and a market cap of $12.9 billion, the immediate price impact is negligible. While token burning reduces supply and could boost value over time, such small-scale burns alone are unlikely to cause significant price changes.
Shiba Inu’s Community and Ecosystem Drive Optimism
The Shiba Inu community has played a critical role in its success, helping the token remain steady despite market volatility. Currently trading above $0.000028 and supported by its 21-day moving average, the token has shown signs of bullish momentum, particularly after rebounding from its 50DMA in December.
Broader U.S. regulatory clarity on cryptocurrency, expected under the incoming administration, could also bolster the market. On CoinMarketCap, 89% of users remain bullish on SHIB, encouraged by ongoing burns and upcoming developments like the launch of the TREAT token and SHIB: The Metaverse, confirmed by lead developer Shytoshi Kusama.
Is Parabolic Growth Possible for SHIB?
Crypto analysts see potential for a parabolic rally. Trader Astekz highlights promising chart patterns, while CryptoBull predicts a breakout from SHIB’s long-term downtrend. With integrations in decentralized finance (DeFi) and NFTs, Shiba Inu’s ecosystem is expanding, adding practical value to the token.
If SHIB surpasses its previous all-time high of $0.000090, it could enter price discovery. Fibonacci retracement analysis suggests its market cap could grow tenfold to over $150 billion, provided Bitcoin achieves a $200,000 valuation and a $4 trillion market cap. Under such conditions, SHIB could represent 4% of Bitcoin’s market dominance.
SHIB Price Predictions for 2025
Binance: $0.00003000 (6.61% increase)
Average: $0.00004772 (69.67% increase)
Changelly (most optimistic): 137% increase
While optimistic forecasts exist, many analysts predict moderate growth for SHIB in the coming years. Still, with its active community and upcoming projects, Shiba Inu remains a significant player in the meme coin space, ensuring its presence in the cryptocurrency spotlight.
