|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Shiba Inu (SHIB) Price Prediction: Will SHIB 10x in 2025?
Jan 18, 2025 at 04:30 pm
The Shiba Inu coin has jumped significantly to the upside but analysts are convinced it is not too late to invest in this meme coin. With the crypto bull cycle reaching boiling point, the SHIB price is set to explode.
The Shiba Inu (SHIB) coin has seen an impressive surge in 2025, jumping significantly to the upside. But despite the coin’s massive gains, analysts are convinced that it is not too late to invest in this meme coin. With the crypto bull cycle reaching boiling point, the SHIB price is set to explode.
Some analysts see SHIB as strongly positioned for a 10x rally in the months following Trump’s inauguration on January 20th. The President-elect is set to pass an executive order that will make crypto a national priority on day 1 of his return to the White House.
One of Trump’s priorities is a Strategic Bitcoin Reserve. Senator Cynthia Lummis, one of the chief architects of the US Bitcoin Reserve has been working round the clock on the bill. Today she posted a photo to X, writing, “Working hard to get the Strategic Bitcoin Reserve and comprehensive digital asset legislation across the finish line.”
With Trump about to provide tornado-strength tailwinds to the crypto markets, technical indicators point to a significant move up in Shiba Inu from current levels.
SHIB price is up 9% in the last 24 hours.
SHIB price on cusp of a breakout
The recent surge in Shiba Inu has pushed its market cap well beyond $14 billion – but the broader picture remains unchanged: the price of this meme coin has been consolidating within a symmetrical triangle since September of 2024.
For those betting on an explosive rally, however, the good news is that SHIB now looks all set for a potential breakout within a month or two that could push its price up significantly from current levels, according to SimpleTrader2018.
Another expert who goes by CryptoELITES on X.com expects such a breakout from ranged trading to help this memecoin print a new all-time high of $0.00023 in 2025. His price target translates to a 10x gain in Shiba Inu from current levels.
Moreover, SHIB has recently surpassed its 200-day MA that further substantiates forecasts of continued upward momentum following Trump’s inauguration.
Stars are aligning for a 10x rally in Shiba Inu
Shiba Inu has seen a sharp increase in trading volumes this year that now sit at close to a billion-dollar, indicating broader optimism surrounding what the new year holds for this memecoin.
Bulls should also know that SHIB tokens have been burning at a significantly higher rate in 2025. The burn rate is up a whopping 126% over the past 24 hours, as per data from shibburn.com.
A total of some 411 trillion Shiba Inu have been burned to date, creating a notable reduction in the circulating supply as part of the broader strategy to create scarcity and potentially drive up the price.
Furthermore, recent whale activity is also contributing to the positive sentiment. Specifically, more than 1.5 trillion SHIB tokens worth close to $40 million were transferred to private wallets last week.
TREAT token could catalyze a SHIB rally
Analysts are constructive on Shiba Inu also due to the launch of the TREAT token on January 14th.
The new token is a part of the SHIB ecosystem and has been rolled out to incentivize and reward its loyal investors. TREAT can be earned through participating in community events, staking, and other engagement initiatives.
Its integration into the broader ecosystem aims at enhancing user participation to foster a stronger community that typically helps lift the price of a memecoin like Shiba Inu.
In fact, the strength of its community has made a bunch of notable retail stores open their doors to Shiba Inu. You can, for example, purchase computer components at NewEgg, gaming merchandise at GameStop, movie tickets at AMC, or even apparel and footwear at Nordstrom with SHIB in 2025.
Such real-life applications create demand for the memecoin and have potential to meaningfully contribute to a potential 10x rally in Shiba Inu this year.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- XRP Price Prediction for January 31
- Jan 31, 2025 at 12:50 pm
- The XRP price was floating between $3.05 and $3.15 on January 30 with no clear break in either direction. In general, XRP holders should be satisfied as long as the price remains above the $3 level, as this represents a strong psychological level while maintaining bullish momentum.
-
- Solana (SOL) Price Predictions Surge as New ETF Filings Renew Optimism, Targeting $271 and $300
- Jan 31, 2025 at 12:50 pm
- Solana (SOL) has been showing resilience in the market despite recent fluctuations. Trading at around $234, the cryptocurrency is maintaining a steady price after dipping to $225 earlier this week.
-
- Litecoin (LTC) ETF Filing Officially Acknowledged by the U.S. SEC, Marking a Potential Milestone in the Expansion of Crypto-Based Exchange-Traded Funds
- Jan 31, 2025 at 12:50 pm
- Under the leadership of Acting Chairman Mark Uyeda, the SEC began reviewing the 19b-4 application submitted by Nasdaq on 29th January.