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Shiba Inu (SHIB) analysts have predicted a potential rally for the Ethereum-based memecoin, projecting that the digital asset could surge to 0.0000236 in May 2025. The analysts expect a notable recovery to trigger more bullish momentum and mark a comeback for the flagship meme coin. SHIB’s latest positive outlook follows a significant Shibburn event that saw Shiba Inu achieve a five-digit spike in burn rate, leading to the removal of millions of SHIB tokens from circulation. According to an onchain tracker , the Shiba Inu team destroyed 280,097,384 SHIB tokens on Wednesday, April 30, 2025. Notably, the latest exercise caused a 37,937% spike in Shiba Inu’s burn rate, triggering massive bullish sentiment in the meme coin’s ecosystem. Related: Meme Coins Surge: Can Dogecoin and Shiba Inu Hit New Highs in Upcoming Weeks? It reduced SHIB’s circulating supply to approximately 584.4 trillion tokens, highlighting the Shiba Inu team’s resolve to pursue its target of driving the meme coin’s value higher by creating scarcity. Although the Shiba Inu community considers the latest move significantly bullish, the digital asset has yet to reflect the expected bullish effect outstandingly. However, SHIB has shown early signs of a bullish trajectory after rising from a $0.00001280 low on Wednesday to trade for $0.00001336 in the early hours of Thursday, reflecting a 4.5% rally in less than 12 hours. For context, the referenced $0.0000236 landmark for SHIB represents a crucial point in the crypto token’s historical performance from 2024. Reaching that level from SHIB’s current price would mirror last year’s rally, which saw SHIB gain 145.2% in a bullish movement. To repeat this move would flip Shiba Inu’s outlook, generate significant bullish sentiment, and position the meme coin for more upside movement. In the meantime, it is worth noting that such outstanding moves happen on the back of recognized catalysts, of which Shiba Inu does not boast one at the moment. Related: Don’t Miss This: Shiba Inu (SHIB) Gears Up For Big Move As BTC Climbs However, the increasing investors’ interest in the crypto market and the potential change in the overall market direction could provide a tailwind to support the analysts’ prediction for SHIB. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The crypto market is heating up again, with Bitcoin climbing close to $95,000 and hinting at a possible breakout. While Bitcoin grabs the headlines, Shiba Inu (SHIB) is also gearing up for a price move of its own. Over the last few days, Shiba Inu has been testing the $0.00001500 resistance level. If it manages to break past this, the next targets could be around $0.00001700 to $0.00001800. If Bitcoin keeps rising, SHIB could follow with a strong rally. According to one analyst, Shiba Inu has broken out of a descending channel on its daily chart — a positive signal for traders. The current price action now points to possible targets at $0.00001510, $0.00001850, $0.00002110, and $0.00002460. This means SHIB’s price could potentially double from its current level if momentum picks up. The bullish divergence has appeared on both the RSI and MACD indicators, which means buying momentum is quietly building up, even though prices recently made new lows. Related: Meme Coins Surge: Can Dogecoin and Shiba Inu Hit New Highs in Upcoming Weeks? Fresh data from CoinGlass shows that SHIB’s Futures Open Interest almost doubled in April — rising from under $97 million to nearly $190 million by April 27. This sharp increase in Open Interest reflects growing positioning by traders, a signal that market participants expect a big move soon. At its peak in 2021, the total value of all memecoins reached around $130 billion. Today, that figure has dropped to about $58 billion, with Shiba Inu still sitting 84% below its all-time high. However, this decline wasn’t because of Shiba Inu’s failure — it was part of a broader crypto market pullback, especially after many retail investors left the market in late 2024. Now, with Bitcoin making a comeback, there’s a chance money could start flowing back into memecoins. In past rallies, retail traders often skipped Bitcoin and Ethereum and went straight for popular tokens like SHIB, DOGE, and PEPE. If history repeats itself, Shiba Inu could climb quickly once again. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Shiba Inu (SHIB) is back in the spotlight after crypto analyst Master Ananda revealed that the token is starting a new bullish phase, even stronger than the rally in early 2024. In his latest analysis, he highlights that SHIB’s long-term chart structure is now showing bullish signals that cannot be ignored. SHIB has finally rebounded by recording three consecutive weeks in the green after peaking in March 2024 and going through a series of healthy corrections. Master Ananda stated that if this week can close over the $0.000012500 barrier, final confirmation of the 2025 bull market will have definitely occurred. Just imagine if this is the beginning of a much bigger wave of growth. Master Ananda predicts that this increase could see SHIB soar up to 894% to $0.000139, with the potential for a new All-Time High (ATH) at $0.000220 — representing an increase of around 1,479%. Interestingly, according to him, there is a chance that the market is actually underestimating SHIB’s current potential. In other words, what is being formed could be greater than general expectations. On the other hand, the four-year market cycle that follows the rhythm of Bitcoin halving is believed to remain the main pattern in major movements like this. Furthermore, the Shiba Inu ecosystem does not just rely on price momentum. CNF previously reported that Shiba Inu’s Shibarium DApp Store had been officially launched, presenting more than 1,200 decentralized applications on their network. This is not just a number, because with the support of roll-up technology on the Layer 2 blockchain, Shibarium has succeeded in reducing gas costs while speeding up transactions. In fact, on April 3, 2025, Shibarium had recorded more than 1 billion transactions with 10 million blocks processed without major disruptions. Not only that, the token burning mechanism running on Shibarium is also believed to strengthen SHIB’s scarcity in the long term. However, Shiba Inu’s rapid development is not without challenges. Last week, Kaal Dhairya, one of Shiba Inu’s developers, warned the community against false claims about the TREAT token launching on Solana and Base. Dhairya emphasized that TREAT is only officially available on Ethereum, while the X account “Shiba Inu Treat” that was previously circulating was hacked to spread misleading information. This is a stark reminder that even a project as big as Shiba Inu must remain vigilant against external threats. Also, in early 2025, Shiba Inu’s lead developer, Shytoshi Kusama, introduced an interesting concept on a podcast: the “Shib Network State.” This concept describes Shiba Inu as a kind of digital entity that meets the criteria for statehood according to the Montevideo Convention. In it, four key tokens — SHIB , BONE, LEASH, and TREAT — serve as pillars of community, technology, legality, and innovation, respectively. Meanwhile, as of press time, SHIB is swapped hands at about $0.00001376, down 6.40% over the last 24 hours.

Bitrue hacker buys 1,511 $ETH after selling $2.88M in $HOT and $SHIB The hacker who stole approximately $23.5 million in cryptocurrencies from the @BitrueOfficial on April 14, 2023, sold $2.88 million worth of Holo (HOT) and Shiba Inu (SHIB) around 15 hours ago and purchased

Top 10 trending coins on BitDegree this week 🔥👇 1. Bitcoin $BTC 2. XRP $XRP 3. Ethereum $ETH 4. BNB $BNB 5. Solana $SOL 6. Shiba Inu $SHIB 7. WETH $WETH 8. Dogecoin $DOGE 9. Maveric Protocol $MAV 10. bittensor $TAO PS.: only a few days until $30K Airdrop ends 👀