Shiba

Dogecoin

bullish

Shiba Inu

<ul class="wp-block-list news-points">
 <li>SHIB burn rate spikes 69%, reducing supply and boosting its 2025 price target to $0.0000998</li>
 <li>SHIB’s 130% price surge since December highlights growing market interest despite recent dips.</li>
 <li>Shiba Inu trades at $0.00002401, with support at $0.00002288 and a market cap of $14.15B.</li>
</ul>
Shiba Inu (SHIB), the second-largest meme coin, dropped 6.30% in the past 24 hours after reaching a daily high of $0.0000261. SHIB’s downturn comes amid a broader crypto market plunge, with Dogecoin (DOGE) also falling 5.83%. But bullish predictions are surfacing for SHIB despite the lower price.
As per the <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">data</a> from CoinMarketCap, SHIB is trading at $0.00002401 after rebounding from its daily low of $0.00002282. While the digital asset is down 72.83% from its all-time high of $0.00008845 witnessed three years ago, a bullish prediction from analyst InvestingHaven on X (formerly Twitter) <a href="https://x.com/InvestingHaven/status/1869336220100383078" target="_blank" rel="noopener noreferrer nofollow">stated</a> that the meme coin has the potential to skyrocket to $0.0000998 in 2025.&nbsp;
<h2 class="wp-block-heading" id="h-shib-burn-rate-on-the-rise">SHIB Burn Rate on the Rise</h2>
Meanwhile, data from Shiba Inu burn rate tracker <a href="https://shibburn.com/" target="_blank" rel="noopener noreferrer nofollow">Shibburn</a> shows that in the past 24 hours, the SHIB token burn rate jumped 69.28% with 6.18 million tokens burned. Overall, 410 trillion SHIB …
The post <a href="https://coinedition.com/bullish-case-for-shib-analysts-eye-0-0000998-target-by-2025/" rel="noopener noreferrer nofollow">Bullish Case for SHIB: Analysts Eye $0.0000998 Target by 2025</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

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

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