Shiba

Token

Rally

Shiba Inu

<p>Over 17 million Shiba Inu (SHIB) tokens were burned in the last two days, according to data from <a href="https://www.shibburn.com/" rel="nofollow noopener" target="_blank">Shibburn.com</a>. This has sparked investor hopes for a potential parabolic rally for the popular meme coin.</p> 
<p><a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=Can+a+17+Million+Token+Burn+Fuel+Big+Dreams+for+Shiba+Inu%E2%80%99s+Next+Move%3F" rel="nofollow noopener" target="_blank"><img loading="lazy" decoding="async" class="wp-image-67567 size-full aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Solana" width="728" height="90" title="Can a 17 Million Token Burn Fuel Big Dreams for Shiba Inu’s Next Move? 45" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg 728w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3-300x37.jpg 300w" sizes="(max-width: 728px) 100vw, 728px"></a></p> 
<h2 id="strong-how-is-shiba-inu-driving-real-world-utility-strong"><strong>How is Shiba Inu Driving Real-World Utility?</strong></h2> 
<p>Shiba Inu is standing out in crypto with its expanding ecosystem, giving its coin real-world utility through ShibaSwap and NFT integration, proving it’s more than just a meme. The community-driven nature of this coin remains a key strength. With millions of dedicated holders and a growing number of projects within its ecosystem, many believe that SHIB could lead the charge in any future “meme season.”</p> 
<figure id="attachment_76249" aria-describedby="caption-attachment-76249" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="wp-image-76249 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/SHIBs-UTILITY.webp" alt="How is SHIB's Driving Real-World Utility?" width="1792" height="1024" title="Can a 17 Million Token Burn Fuel Big Dreams for Shiba Inu’s Next Move? 46" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/SHIBs-UTILITY.webp 1792w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/SHIBs-UTILITY-300x171.webp 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/SHIBs-UTILITY-1024x585.webp 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/SHIBs-UTILITY-768x439.webp 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/SHIBs-UTILITY-1536x878.webp 1536w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/SHIBs-UTILITY-860x491.webp 860w" sizes="(max-width: 1792px) 100vw, 1792px">
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  How is SHIB’s Driving Real-World Utility?
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</figure> 
<h2 id="strong-can-shiba-inu-s-small-burns-lead-to-big-gains-strong"><strong>Can Shiba Inu’s Small Burns Lead to Big Gains?</strong></h2> 
<p>Token burning reduces a cryptocurrency’s supply to increase scarcity and potential value. However, the recent 17 million Shiba Inu (SHIB) burn—worth about $500—is negligible compared to the total supply.</p> 
<p>As inflation rises in fiat currencies, crypto enthusiasts are turning to supply-capping efforts. While Bitcoin is viewed as a top inflation hedge, Shiba Inu and other meme coins rely on community support and speculation. Despite small burn numbers, the SHIB community remains optimistic, hoping for factors that could trigger a bullish breakout.</p> 
<h2 id="strong-technical-signals-is-a-rally-brewing-strong"><strong>Technical Signals: Is a Rally Brewing?</strong></h2> 
<p>Currently trading around $0.000028, Shiba Inu (SHIB) has shown steady momentum and resilience despite market fluctuations. Analysts are optimistic about its price movement after a strong rebound from its 50-day moving average this week. Renowned crypto trader Astekz recently commented, <em>“The $SHIB chart is showing parabolic potential from here.”</em></p> 
<p>Similarly, <a href="https://x.com/TheCryptoBull77/status/1867344573418418649?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1867344573418418649%7Ctwgr%5E4ca5121786eb87d45738baf5670b89be5f019b3f%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcryptonews.com%2Fnews%2Fshiba-inu-burns-17m-tokens-could-a-parabolic-rally-be-next%2F" rel="nofollow" target="_blank">CryptoBull</a>, another prominent analyst, highlighted its proximity to breaking out of a long-term downtrend that dates back to its 2021 all-time highs. Other X users think $SHIB could take the lead in the next bull run and <a href="https://x.com/BezosCrypto/status/1865420331953033661" rel="nofollow" target="_blank">potentially surpass $DOGE</a>. While these predictions remain speculative, the technical patterns suggest that this meme coin could be gearing up for a significant move.</p> 
<figure id="attachment_76251" aria-describedby="caption-attachment-76251" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="size-full wp-image-76251" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/SHIBs-GROWTH.webp" alt="Technical Signals: Is a Rally Brewing?" width="1792" height="1024" title="Can a 17 Million Token Burn Fuel Big Dreams for Shiba Inu’s Next Move? 47" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/SHIBs-GROWTH.webp 1792w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/SHIBs-GROWTH-300x171.webp 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/SHIBs-GROWTH-1024x585.webp 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/SHIBs-GROWTH-768x439.webp 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/SHIBs-GROWTH-1536x878.webp 1536w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/SHIBs-GROWTH-860x491.webp 860w" sizes="(max-width: 1792px) 100vw, 1792px">
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  Technical Signals: Is a Rally Brewing?
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</figure> 
<p>&nbsp;</p> 
<p>With a 190% increase in the past year, Shiba Inu (SHIB) remains a strong altcoin, making it a solid buy before a possible rally. Despite recent fluctuations, it has gained 10% over the past month and shows bullish momentum.&nbsp; Analysts predict that this meme coin could rally to Fibonacci extension levels if it surpasses its previous high of $0.000090.</p> 
<p>This could deliver 10x gains and push its market cap above $150 billion. For perspective, if Bitcoin reached $200,000 with a $4 trillion market cap, SHIB’s $150 billion would represent just 4% of that. Given its popularity, this seems like an achievable milestone.</p> 
<h2 id="strong-what-factors-are-driving-meme-coin-growth-strong"><strong>What Factors Are Driving Meme Coin Growth?</strong></h2> 
<p>The macro environment is becoming more supportive of crypto, especially meme coins, with growing political backing in the U.S. This shift signals clearer regulations ahead, fueled by Trump’s pro-crypto stance and his recent comments on creating something great with crypto. As the market expands, meme coins like SHIB are well-positioned to benefit, particularly due to its large community and expanding ecosystem.</p> 
<h2 id="strong-conclusion-strong"><strong>Conclusion:</strong></h2> 
<p>Shiba Inu’s token burns may not immediately impact its price, but they highlight the community’s commitment to its deflationary goals. Backed by strong technical signals, a supportive macro environment, and a growing ecosystem, SHIB shows growth potential. While parabolic rally predictions should be approached with caution, they continue to captivate crypto enthusiasts. Whether through steady gains or a breakout, the future looks bright for this standout meme coin.</p> 
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Can a 17 Million Token Burn Fuel Big Dreams for Shiba Inu’s Next Move?

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