Bullish Case for SHIB: Analysts Eye $0.0000998 Target by 2025

Shiba Inu Price Surge and Bullish Predictions

Shiba Inu (SHIB), the prominent meme coin, has witnessed a significant 130% price increase since December, indicating growing market demand despite recent fluctuations.

Currently trading at $0.00002401 with support at $0.00002288, SHIB boasts a market capitalization of $14.15 billion.

Dip Amidst Market Turbulence

SHIB has faced a 6.30% drop in the past 24 hours, reaching a daily high of $0.0000261 before experiencing a decline. This downturn aligns with a broader crypto market dip, including a 5.83% decrease for Dogecoin (DOGE).

Bullish Predictions Emerge

Despite the price dip, bullish predictions have surfaced for SHIB. Analyst InvestingHaven on X (formerly Twitter) suggests that the meme coin could soar to $0.0000998 by 2025.

Rising Burn Rate

Data from Shiba Inu burn rate tracker Shibburn indicates a surge of 69.28% in the token burn rate within the past 24 hours, with approximately 6.18 million tokens burned.