Shiba Inu, one of the most popular meme coins, has recently burned 17 million tokens, according to data from Shibburn.com. Will it bump the SHIB price? While the data from Shibburn represents a further step in the token’s deflationary process, the total value of the burned tokens is only around $500. In comparison to Shiba Inu’s massive market capitalization of approximately $16.58 billion, the impact will be minimal. Token burning is a strategy for reducing a cryptocurrency’s overall supply, hence enhancing its scarcity and value. However, the small-scale burn indicates that its immediate impact on Shiba Inu’s price trajectory is limited. Nonetheless, their is more to the story The Shiba Inu’s Community and Ecosystem Fuel Optimism Shiba Inu has evolved as a speculative asset, attracting great interest due to its vast and active community. This participation has been critical to its survival in the volatile field of meme currency.
Shiba Inu (SHIB) price chart. Source: CMC The coin has maintained relative stability, recently trading at just above $0.000028 and holding its position near the 21-day moving average (DMA). Positive sentiment remains high, bolstered by a bounce from the 50DMA earlier this week, suggesting that bullish momentum could persist. Some of this optimism can be credited to broader developments in the United States, where the incoming Trump administration and Congress are likely to support cryptocurrency. This might bring regulatory certainty, benefiting the entire cryptocurrency industry, including meme coins like Shiba Inu. Potential for Parabolic Growth? Analysts and traders are speculating about Shiba Inu’s potential for a parabolic rally. A prominent crypto trader, Astekz, recently highlighted SHIB’s “parabolic potential” based on its chart movements.
Similarly, another analyst, CryptoBull, predicted a probable breakout from a long-term downturn that began in the 2021 highs. Shiba Inu’s healthy environment is essential to these optimistic predictions. The token is integrated with a variety of utilities, including decentralized finance (DeFi) applications and NFT platforms, which provide real-world value to the SHIB token. How High Could Shiba Inu Soar? Exponential growth for SHIB is possible if it breaks over its previous all-time high of $0.000090 and enters price discovery. According to Fibonacci retracement research, SHIB’s market capitalization might rise by ten times from its current price, surpassing $150 billion. Although these figures might appear lofty, supporters contend that they are doable in the event that Bitcoin hits $200,000, which would increase its market value to roughly $4 trillion. Given its dominance in the meme currency category, many people think it believable that Shiba Inu’s market capitalization would only be 4% of Bitcoin’s under such circumstances.
SHIB PRICE PREDICTION – 2025 Analyst Platform2025 Peak SHIB Price Prediction% Increase Over Current PriceBitget$0.0000366630.28%Binance$0.000030006.61%Changelly$0.00006684137.53%CoinCodex$0.00005999113.20%Benzinga$0.0000441056.72%Average Prediction$0.0000477269.67% While the optimism sounds good, most platforms are predicting a much more conservative SHIB Price in 2025. Changelly is the most optimistic with a 137% SHIB price prediction increase in 2025, while Binance is predicting only a 6.61% increase over the current price. $SHIB
