SHIB In The Top 5?
In a recent tweet, Shiba Inu’s lead figure, Shytoshi Kusama, shared an AI-generated image that encapsulates the challenge of adding utility to a meme coin. The goal is to propel SHIB from the top 15 to the top 5 within a span of five years, and all this with a limited budget. The image, which portrays a chaotic yet intriguing office scene, echoes the complexity of such an endeavor.
Following Kusama’s tweet, a user on social media speculated about SHIB’s potential rise to the top 5 cryptocurrency rankings. Kusama quickly clarified that this was not a prediction but rather an ambitious target. He emphasized the ongoing efforts to elevate SHIB, describing it as a collective aspiration, not a guaranteed result.
Kusama also provided insight into his rigorous work schedule, revealing that he often works 20-hour days for weeks on end. His responsibilities include managing social media interactions and addressing feedback and inquiries from the SHIB community.
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Burn Rate Skyrockets by Over 24,000%
In other news, Shiba Inu’s burn rate has skyrocketed to unprecedented levels. Earlier today, the burn rate increased by 5,500%, and it has now soared by over 24,000% in the past 24 hours. In total, 270,751,087 SHIB tokens have been burned, with the largest single burn removing 209,312,491 tokens from circulation. At the moment, SHIB is trading at $0.00002521, marking an increase of more than 1% in the last 24 hours.
SHIB Set for a Bigger Bull Run Ahead?
The broader cryptocurrency market has witnessed a significant rally following recent political events in the U.S., with major coins like Bitcoin (BTC) and Solana (SOL) achieving new all-time highs. However, Shiba Inu has yet to reach a new ATH during this bull run. The last time SHIB hit an ATH was in October 2021, reaching $0.00008616. This surge followed a substantial burn in May 2021, when Ethereum co-founder Vitalik Buterin transferred over 410 trillion SHIB to a dead wallet.
Looking Ahead: Is 2025 the Year of the “Super Cycle”?
Shiba Inu’s marketing lead, Lucie, remains optimistic about the future of SHIB. She anticipates that 2025 could be a “super cycle” year, reminiscent of the explosive rally experienced in 2021. Lucie notes that the current market conditions mirror those of 2020, just before the last major bull run. With increasing demand and more top exchanges listing SHIB, she sees the potential for another significant rally. The SHIB team and community are clearly focused on long-term growth, utilizing strategic burns and ambitious objectives to chart a path for future success.
FAQs
How is Shiba Inu’s burn rate performing recently?
Shiba Inu’s burn rate has surged by over 24,000% in the last 24 hours, with more than 270 million SHIB tokens burned, signaling a significant increase in token scarcity.
Will Shiba Inu reach a new all-time high?
While SHIB has not yet reached a new ATH during the current bull run, marketing lead Lucie suggests that 2025 could be the year for a “super cycle” similar to the 2021 rally.
How high will Shiba Inu go in 2025?
By 2025, our price prediction forecasts that the Shiba coin price could be worth $0.00006392. With a potential surge, the price may go as high as $0.000321 by the end of 2030.
