Data from shibburn.com shows that 17 million Shiba Inu (SHIB) tokens have been burned in the past two days. This sounds good, but in reality, the burned tokens are worth only about $500.

From a macro perspective, this figure is relatively small; as of Thursday, Shiba Inu's market capitalization was approximately $16.58 billion.

Nevertheless, in a world dominated by high-inflation fiat currencies, data from TradingEconomics shows that the M2 money supply in dollars has increased by about 50% since 2020, reminding people of the benefits of non-inflationary cryptocurrencies.

Of course, protecting against inflation is not the true mission of meme coins like Shiba Inu, which is more in the realm of Bitcoin (BTC).

Shiba Inu (SHIB) is a more speculative bet, relying on the hype cycles of meme coins, as well as its growing and highly focused community of followers, investors, and enthusiasts.

Although the latest deflation data released by shibburn.com is unlikely to impact Shiba Inu, there are many other reasons for investors to be excited.

Shiba Inu – will a parabolic rebound occur next?

$SHIB's latest trading price is slightly above $0.000028, within a recent range, close to its 21DMA.

The remarkable rebound seen earlier this month due to President Trump's victory in the U.S. presidential election has mostly faded.

However, Shiba Inu's strong rebound from the 50DMA earlier this week indicates that bulls still control this market, and price predictions remain bullish.

Given all the positive developments currently happening in the U.S., this is not surprising.

The new U.S. government is set to become the most cryptocurrency-friendly in history, and the new Congress is also very supportive of cryptocurrencies, which is expected to provide regulatory certainty for the industry next year.

Trump has indeed boasted about how he will 'do great things with cryptocurrency' during his upcoming term.

This is a great time in the cryptocurrency space, and meme coins are one of the best-performing sectors of cryptocurrency this year, likely to perform very well in the coming months.

But that doesn’t mean the price will gradually rise. Meme coins like Shiba Inu tend to experience rapid parabolic increases.

A cryptocurrency trader named Astekz stated that the $SHIB chart shows 'parabolic potential from now on.'

Meanwhile, CryptoBull showcased a chart where he expects SHIB to soon break the downward trend from its 2021 highs.

Other X users are keen to point out why Shiba Inu is likely to be one of the major winners in any future meme season.

This includes the massive Shiba Inu community and its broad and evolving ecosystem, which injects significant real utility into $SHIB.

$SHIB fees are how much?

So, if a parabolic rebound for Shiba Inu is imminent, how high could the price of the meme coin rise?

Well, once the meme coin breaks the previous record level slightly below $0.000090 and enters a price discovery phase, it really becomes anyone's guess.

However, the rebound from the 2023 lows to the 2021 highs at the 3.618 or 4.236 Fibonacci extension suggests a very high likelihood of a tenfold increase from current levels.

This would bring the market capitalization of $SHIB to over $150 billion.

This may sound a bit absurd, but if Bitcoin reaches $200,000, its market cap would exceed $4 trillion. In this scenario, SHIB's market cap would only be about 4% of Bitcoin's, which is simply unbelievable considering its leading position as a meme coin in the market.

In any case, the recent outlook for the meme coin space and Shiba Inu looks very bright, although these markets remain extremely volatile as always.