SHIB Price Poised for 70% Rally Following 900%+ Burn Rate Surge

Shiba Inu (SHIB) has witnessed an unprecedented 984% spike in its 24-hour burn rate, signaling a potential major price movement. This dramatic increase in token burns highlights the SHIB community’s intensified efforts to reduce circulating supply, which could catalyze a significant price rally. With such aggressive deflationary measures in play, analysts are eyeing a potential 70% upswing for SHIB in the near future as network activity shows renewed vigor.

Shiba Inu [SHIB] price prediction – A 70% rally next after 900%+ burn rate hike?

Shiba Inu [SHIB] has seen a remarkable 984% surge in its 24-hour burn rate, marking one of the most aggressive token destruction events in recent weeks. Such a significant spike could point to a sharp uptick in network activity and renewed commitment by the SHIB community to reduce the circulating supply. Burn mechanisms play a critical role in Shiba Inu’s deflationary strategy, and such a dramatic increase often reinforces bullish expectations as supply pressure begins to ease. At press time, SHIB was trading at $0.00001229, following a 2.28% daily hike. Exchange outflows ROSE and short liquidations hiked, but sentiment was still slightly negative.

Shiba Inu Price Prediction and Mutuum Finance Rise

The burn rate of Shiba Inu (SHIB) has skyrocketed by 690% in a day, with over 32.3 million tokens incinerated in the last 24 hours. Despite this substantial supply squeeze, SHIB price still experiences a 3.3% loss, aligned with wider-market inactivity. Meanwhile, Mutuum Finance (MUTM) is attracting attention as its fourth presale phase accelerates, having already raised $6.6 million with more than 400 million tokens sold. SHIB’s resurgence is now compared to MUTM’s organized growth, sparking discussions on which asset has the superior upside into April 2025. SHIB currently trades at $0.00001096, stuck between lower Bollinger Band support ($0.00001066) and 20-day EMA resistance.

Bitcoin Analyst Jeremie Explains Prospects of Shiba Inu Reaching $1

Davinci Jeremie, a Bitcoin proponent who gained fame for urging investors to buy BTC in 2013, recently spoke about Shiba Inu’s (SHIB) prospects. In his latest podcast, Jeremie explained that there’s little to no chance of SHIB ever hitting $1, stressing that its market cap needs to breach 600 trillion to even consider reaching that price point.

How Much Shiba Inu (SHIB) Needed for $500K Gain at $0.00009

Shiba Inu’s price prediction for 2025 suggests significant growth potential. Investors are wondering how much they need to invest in SHIB today to reach $500K if the coin hits $0.00009. The recent market downturn has created an opportunity to accumulate SHIB at lower prices, with SHIB experiencing a 24% decline over two weeks, matching the broader crypto market’s drop.