Shiba Inu (SHIB) recently burned 17 million tokens, an attempt to reduce supply and potentially increase long-term value. However, given Shiba’s large supply volume, the immediate price impact of this burn is likely to be modest. Shiba’s price and success will largely depend on its utility, adoption levels, and general market trends.
Price Predictions for 2025:
Positive Scenario:
According to Changelly, Shiba’s price could reach $0.0000526, while the average price is expected to be $0.0000326, which represents a gain of about 32% from the current price.
Other Predictions:
CoinCodex says Shiba could reach $0.000106, which would be a significant increase.
Challenges:
Shiba would need to rally 258% to reach its previous all-time high ($0.00008845), which would require massive buying activity.
Factors and Concerns:
Shiba Inu’s development projects, such as Shibarium, Shibaswap, and the Metaverse, could improve its prospects, especially if the crypto market sees a bullish move. However, competition from new meme coins and the uncertainty of the sector are potential risks.
It is important to keep an eye on market trends and Shiba’s projects before investing. For more details, or.
