2025 Price Prediction for $SHIB : Will it Soar or Plunge?
In August 2020, SHIB emerged, claiming to be the "Dogecoin Killer." It made a big splash by gifting half of its coins to Ethereum's big shot, Vitalik Buterin, which created quite a stir.
By 2021, SHIB was incredibly popular, with trading volumes rivaling Dogecoin and Ethereum. However, the good times didn’t last long, as the price plummeted over 90%, and by 2023, one SHIB was worth less than eight millionths of a dollar. Recently, though, SHIB seems to be showing signs of revival, with prices rising over 220%. While it’s still far from the peak in 2021, it has at least matched the high point from May of that year.
The "burn rate" of Shiba Inu coin is a key indicator that reflects the community's optimism about the project. Reducing the number of coins can make SHIB rarer, improving everyone’s mood, and potentially driving the price up. Trading SHIB on Shibarium incurs transaction fees, part of which is used to burn coins, thus reducing supply and stabilizing prices.
Although this strategy may raise prices in the long term, significant price changes require burning more coins.
The relationship between SHIB and Bitcoin (BTC) isn’t very strong, to be honest. However, altcoins like SHIB generally tend to follow Bitcoin's trends, especially when Bitcoin is being hyped by institutions.
Historically, SHIB's relationship with Bitcoin has never been tight.
Since the last bear market, Bitcoin has increased more than fivefold, similar to the price increase during the previous two bull markets at comparable time points.
If Bitcoin continues to rise at this pace, it might reach over $240,000 next year, approximately 880 days from the last bear market low.
Looking ahead, I will guide everyone to target profitable opportunities in altcoins, with an expected growth potential of over ten times being quite feasible. Like and comment, and I will take you through the entire bull market!
