A Billion SHIB Burned: Shiba Inu About To Rip

Market sentiment has turned in favor of Shiba Inu following a more than 60,000% increase in the meme coin’s burn rate. 

A surge in burn rate is seen as positive by Shiba Inu investors as it reduces the total supply, boosting demand and ultimately the price of the remaining tokens in circulation.

Additionally, it signals devs’ commitment to increasing the meme coin price that tends to boost confidence and attract more investments.

SHIB is up 1.87% overnight. Source: Brave New Coin SHIB Chart

So, the SHIB price may have declined some 20% over the past couple of weeks – but there’s reason to see the dip as a buying opportunity as this meme coin could jump right back up moving forward.

ShibOS could be a major long-term tailwind for Shiba Inu

The total supply of Shiba Inu has declined by more than 1.0 billion over the past 24 hours, creating a more favorable supply-demand dynamic to attract new investors.

Source: Shibburn

Plus, there have been other developments recently that bode well for meme coin’s future. For example, the Shiba Inu community launched the ShibOS last week.

It’s an innovative operating system aimed at bridging the gap between Web2 and Web3 with interoperability and gasless transactions. ShibOS enables easier creation and management of NFT collections and decentralized autonomous organizations (DAOs).

The launch of the SHIB operating system is meaningful for the underlying meme coin as it improves the functionality and utility of the overall ecosystem, making it more appealing for both users and developers.

This increased utility could ultimately drive demand and help lift the price of Shiba Inu in 2025.

Fed’s rate cut pause failed to trigger a sell-off in SHIB

Shiba Inu looks exciting for an investment at its current levels because the macro trends seem to be pointing at another strong year for the crypto market at large.

For instance, cryptocurrencies including SHIB inched up today despite the Fed’s decision to pause rate cuts. That’s interesting because lower interest rates often serve as a tailwind for digital assets.

But continued momentum in the crypto market today suggests it has matured to the extent where minor setbacks are no longer sufficient to trigger a sharp sell-off. Investors may now be focused more on the potential of cryptocurrencies to reshape finance as we know it – than what the global central banks are doing with interest rates.

Put that together with SHIB’s ultimate oscillator in the slightly bullish zone (57) and its 5-day as well as 10-day MA just underneath the current price, and you have the perfect recipe for a near-term rally in Shiba Inu.

SHIB technicals are bullish. Source: TradingView

Real-life utility could send Shiba Inu up more than 350%

Finally, it’s the real-life use cases that could help Shiba Inu rally further in 2025.

SHIB is already accepted as a means of payment at several stores like Newegg and GameStop. Even luxury brands like Gucci accept Shiba Inu at 70% of its retail stores.

More recently, the meme coin has teamed up with Oogwai and Zama, reiterating that its devs are fully committed to expanding the token’s real-life utility in all walks of life.

That’s part of the reason why crypto analyst Javon Marks sees potential for an explosive rally in SHIB to $0.000081 this year. His price target indicates potential for a more than 350% upside from current levels.

Should you buy SHIB on the recent weakness?

In conclusion, technical and fundamental factors point to significant potential upside in the price of Shiba Inu by the end of 2025.

On the one hand, we have the rising burn rate, the launch of ShibOS, and growing partnerships aimed at expanding use cases – while on the other, we have the moving averages and ultimate oscillator signaling bullish momentum ahead.