TLDR
- Shiba Inu (SHIB) price currently trading around $0.00001285-$0.00001303
- SHIB burn rate recently surged by up to 62,000%, removing over 505 million tokens from circulation
- Whale investors have increased their SHIB holdings, signaling market confidence
- Speculation about a potential Shiba Inu ETF filing is growing after comments from SHIB executive Lucie
- Analysts predict price targets ranging from modest growth to ambitious projections of up to 83,000% surge
Shiba Inu, the popular meme-inspired cryptocurrency, has shown signs of stabilization after a recent market downturn. The SHIB token currently trades at approximately $0.00001303, up slightly from its March low of $0.00001085. Despite remaining about 62% below its November high, recent developments have sparked renewed investor interest in the token’s future.
The most eye-catching development has been the increase in SHIB’s burn rate. Data shows the burn rate surged between 8,454% and 62,000% in recent days, with over one billion tokens sent to null addresses in a 24-hour period. This reduction in circulating supply could create upward pressure on the token’s price.
Large investors, commonly known as “whales,” have been accumulating SHIB tokens. A previously dormant Ethereum whale acquired billions of tokens recently. This whale activity often signals confidence in an asset’s future prospects.
The market received another boost when SHIB marketing lead Lucie highlighted the possibility of a Shiba Inu ETF. She noted that SHIB is listed on over 110 exchanges with 212 trading pairs, making it globally accessible and potentially suitable for an ETF product.
SHIB is listed on over 110 exchanges with 212 trading pairs—including all the major platforms.
It’s basically everywhere: easy to access, easy to trade.Is SHIB good for an ETF?
YES.Will boomers invest in a “doggy coin”?
Also yes.
Because SHIB isn’t just a meme—it’s…— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 23, 2025
“Because SHIB isn’t just a meme—it’s decentralized, community-driven, and built to last,” Lucie stated in a recent social media post. Her comments gained traction amid a wave of crypto-ETF filings in the broader market.
The ETF speculation comes at a time when the crypto industry has seen increased regulatory acceptance. The SEC has acknowledged Grayscale’s filing for a Dogecoin ETF, and other companies like Canary Capital have filed for crypto-backed ETF approvals.
Technical indicators suggest potential price movement ahead. The daily chart shows that after reaching a low of $0.00001085, SHIB has formed what analysts describe as a bullish divergence pattern. Both the Percentage Price Oscillator and Relative Strength Index have tilted upward.
The token has also formed a falling wedge pattern, which is often interpreted as a bullish sign. This pattern consists of two descending and converging trendlines, with the price now moving slightly above the upper side of the wedge.
Bullish
Some analysts believe SHIB could reach a resistance point at $0.00001855, representing a 45% increase from current levels. More optimistic predictions suggest the price could eventually reach $0.01, which would be an 83,000% surge.
These bullish price projections cite several factors beyond just technical indicators. Proponents point to SHIB’s deflationary nature compared to Bitcoin, which continues to experience annual inflation due to ongoing mining.
The launch of Shibarium, a layer-2 network built on top of the existing blockchain, aims to improve scalability and efficiency. This development represents an effort to transition SHIB from a meme coin to a utility token with practical applications.
The Mean Dollar Invested Age indicator has risen to 82, up from a year-to-date low of 39. This metric suggests longer-term holding patterns among investors, often considered a positive sign.
Despite the optimism, several challenges could impact SHIB’s price recovery. The cryptocurrency market remains inherently volatile, with sudden corrections always possible. Regulatory developments globally could influence investor sentiment and market dynamics.
Competition from other meme coins and alternative cryptocurrencies might divert investment away from SHIB. The Shibarium ecosystem, while promising, remains in early development stages.
