Shiba Inuโs (SHIB) price movement has seen a bouquet of noteworthy spikes in 2024, while 2025 has brought a double top at $0.000024. However, todayโs sluggish trading volume of $190,062,777 suggests that the 20th crypto currency by global market cap is yet to relive its best days.
Shiba Inu Nears Key Demand Territory
The 2025 price heights for Shiba Inu (SHIB) coincide with a sell wall starting at $0.000022, implying that SHIB holders might be more inclined to take profits. To get through this, Shiba Inu (SHIB) could make use of the $0.000018 demand territory acting as support, but the meme coin is trading way below this resistance level.
This is known as the bull flag pattern, and for it to play out the meme coin has to swim through the most of a 547 trillion SHIB resistance bubble. According to IntoTheBlockโs stats, the price level between $0.000015 to $0.000019 takes up 90% of the coinโs supply, splitting it between 132.2K crypto wallets.
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Frankly, Shiba Inuโs (SHIB) 1 cent dreams are far-fetched, as the meme coin sports one of the largest supplies among the TOP 20 altcoins. To illustrate, Shiba Inu coin started off with a giant stash of 999 trillion SHIB tokens, but 40% of it was burned by Vitalik Buterinโs initiative, with the other 10% of his allocation going to Corona relief funds.
Shiba Inuโs 1 Cent Dream Relies On..
Besides the parent chain Ethereum (ETH) founder, Shiba Inu coins are burned every day in single-handed community initiatives. For instance, today there were two of such transactions, sending Shiba Inu coins to null addresses, which results in token elimination from circulation.
Despite these efforts, SHIB burns remain irregular, as seen in todayโs example. With just two transactions to SHIB burning addresses, one of them is more of a prop, as it burned less than 1 SHIB. Meanwhile, the other transaction was quite significant with 18,356,090 Shiba Inu crypto tokens burned, converting to around $263.
For Shiba Inu (SHIB) price to hit $0.01, it would take billions of SHIB Armyโs beloved meme coin to be set ablaze every day. If that happens on the regular, Shiba Inuโs (SHIB) price could be lit up along with the burning deeds, which previously fueled multiple double-digit price rallies.
On The Flipside
- New integrations on Shibarium L2 could speed up Shiba Inuโs price appreciation, as well as further advances on institutional scale.
- ShibOS, a blockchain-powered operational system was adopted by the UAE, precisely the Ministry of Energy & Infrastructure (MoEI).
Why This Matters
The rising number of Shiba Inu custodians with one year & longer experience of holding defines SHIB as a considerable long-term investment vehicle & a store of value.
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