Key Insights:
- Shiba Inu’s burn rate surged 690%, with 32.30 million tokens removed from circulation in 24 hours.
- SHIB’s value has dropped over 50% since January, from $0.00002 to $0.00001.
- The analyst predicted SHIB could see a +550% upside, with a target price of $0.000081 despite market volatility.
Shiba Inu (SHIB), a prominent crypto meme coin, has gained attention due to its evolving cost structure. As highlighted in Shiba Inu price prediction, its future market trajectory draws significant interest.
The latest burn rates indicate positive trends for SHIB price. Expert projections suggest potential for significant recovery despite market volatility.
Impact of Burn Rates & Supply Reduction on Shiba Inu Price Prediction
Shiba Inu system recently destroyed 32.30 million SHIB tokens in 24 hours. The recent 690% increase in burn rates demonstrated a developer and holder alliance toward SHIB supply reduction.
This has considerable potential to impact price action. More than 410.73 trillion SHIB tokens have been destroyed through burn operations, permanently removing them from circulation.
Notably, heightened burn rates tend to diminish supply levels. Per the Shiba Inu price prediction, this could increase the price economically.
The impact of supply reductions on SHIB’s long-term price development remains unclear because broader market conditions still affect investor sentiment. Additionally, recent data has indicated that the circulating supply of SHIB tokens amounts to 584.36 trillion.
SHIB Recent Price Decline
Meanwhile, Shiba Inu has lost more than 50% of its market value since the beginning of 2025. The token has continued its downward trend.
SHIB price fell from $0.00002 to $0.00001 due to broader market trends. Meme coin price fluctuations also played a role in this decline.
The substantial price decline has prompted analysts to reassess SHIB’s growth prospects and adjust their Shiba Inu price prediction accordingly. Selling pressure on SHIB and other cryptocurrencies continues to contribute to these doubts.
The market uncertainties, economic tension, and shifting interest in meme-based cryptocurrency led to the price decline.
Benefits of Ethereum Scaling Upgrades
Mikey, a key figure in the Shiba Inu community, highlighted the impact of Ethereum scaling upgrades. These upgrades enable Shibarium’s functionality to integrate seamlessly within the Shiba Inu ecosystem.
Additionally, they provide benefits to Ethereum through various improvements. The enhanced Ethereum blob count from proto-dank sharding allows Shibarium to expand its data storage on the blockchain.
Moreover, this update may benefit SHIB network performance because transaction fees decrease, and stability improves while scalability enhancements occur. Mikey highlighted that Ethereum’s successes contribute to Shiba Inu’s growth.
Enhanced scalability and reduced costs strengthen the SHIB ecosystem. This leads to better network expansion and increases operational efficiency.
Shiba Inu Price Prediction of a +550% Upside
Some crypto experts in their Shiba Inu price prediction believe recovery is possible. This optimism persists despite the severe challenges the digital currency is facing.
Javon Marks, a prominent analyst in the crypto sector, has offered his insights. He estimated the next mark of SHIB price to be $0.000081, marking a 550% upward shift.
The expert anticipates that SHIB could significantly appreciate when the market stabilizes. However, its burn rate has kept increasing throughout 2025. A price expectation of $0.000081 is an ambitious projection while evaluating present market conditions.
When the SHIB price hit its lowest point in a year, crypto whales purchased 874 billion tokens. This large-scale investment has ignited conversations about SHIB’s prospects. This reflected strong confidence in its growth trajectory.
Shiba Inu Bearish Outlook on Technical Indicators.
SHIB has a bearish short-term momentum according to its negative 1-day MACD value. The MACD line is below the signal line. This indicated that SHIB might continue to experience price declines. The histogram displayed red bars, confirming the current bearish market sentiment.
Additionally, the 1-day Stochastic RSI indicator for SHIB revealed an oversold position with a reading of 6.42. The market conditions suggested that SHIB stood at a potential price undervaluation point.
This could produce a price rally when buyers enter the market. The nearing of the lower threshold for Stochastic RSI pointed toward a potential upward price bounce. This aligned with the trends observed in the Shiba Inu price prediction, suggesting a possible recovery in the near term.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.