Shiba Inu Burns 17 Million Tokens: SHIB Price Predictions for 2025 Revealed

According to data from Shibburn.com, Shiba Inu, one of the most popular meme coins, recently burned 17 million tokens. Will it increase SHIB price?

While Shibburn’s data represents another step in the token’s deflation process, the total value of tokens burned is only about $500. Compared to Shiba Inu’s massive market cap of approximately $16.58 billion, the impact will be minimal. Burning tokens is a strategy to reduce the total supply of a cryptocurrency, thereby increasing its scarcity and value. However, the small-area burn suggests that it has an immediate impact on Shiba Inus Price development is limited. Nonetheless, there is more to the story here

The optimism of the Shiba Inu community and ecosystem

Shiba Inu has become a speculative asset and is attracting a lot of interest due to its large and active community. This involvement was crucial to its survival in the volatile meme currency space.

Shiba Inu (SHIB) price chart. Source: CMC

The coin has maintained its relative stability, recently trading at just above $0.000028 and holding its position near the 21-day moving average (DMA). Positive sentiment remains high and is reinforced by a bounce from the 50DMA earlier this week, suggesting that bullish momentum could continue.

Part of this optimism is due to broader developments in the United States, where the new Trump administration and Congress are likely to support cryptocurrency. This could provide regulatory certainty and benefit 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 well-known crypto trader, Astekz, recently highlighted SHIB’s “parabolic potential” based on its chart movements.

Similarly, another analyst, CryptoBull, predicted a likely breakout from a long-term downturn that began at the 2021 highs. The Shiba Inu’s healthy environment is crucial for this optimistic predictions. The token is integrated with a variety of utilities, including decentralized finance (DeFi) applications and NFT platforms, giving the SHIB token real-world value.

How high could Shiba Inu climb?

Exponential growth is possible for SHIB if it breaks its previous all-time high of $0.000090 and enters price discovery. According to Fibonacci retracement research, SHIB’s market cap could increase 10x from its current price and exceed $150 billion. While these numbers may seem high, proponents claim they are feasible if Bitcoin reaches $200,000, which would increase its market value to about $4 trillion. Given its dominance in the meme currency category, many people find it believable that Shiba Inu’s market cap would be only 4% of Bitcoin’s market cap under such circumstances.

SHIB PRICE PREDICTION – 2025

Although the optimism sounds good, most platforms predict a much more conservative SHIB price in 2025. Changelly is the most optimistic with a predicted 137% increase in SHIB price in 2025, while Binance only sees a 6.61% increase predicts the current price.

As the crypto market continues to evolve, Shiba Inu stands out as a testament to the power of community projects. Whether another parabolic rally will occur remains uncertain, but the excitement surrounding this meme coin ensures that it will stay in the spotlight.