Shiba Inu (SHIB) Price Prediction 2025-2030: Did the burn spur SHIB prices
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
There is mild but consistent growth in the total number of Shiba Inu (SHIB) tokens being burnt as the price of the meme coin takes a breather. Over 5.2 million SHIB tokens have been burnt over the past 24 hours. Shiba Inu has been on a rampage for the better part of the week.
Despite the launch of the much-awaited Shibarium L2, whale trading activity continues to decline.
SHIB Its price is now making a mild correction and currently trading at $0.00001061, down by 1.7% over the past 24 hours. Shiba Inu has continued to maintain its position as the second largest meme coin after Dogecoin (DOGE).
The lead Shiba Inu developer Shytoshi Kusama had earlier promised that Shibarium would not only serve as a Layer 2 platform for Shiba Inu ecosystem members, but would also attract members of the broader crypto community. Built on the Ethereum blockchain, Shibarium is expected to bring a lot of attention to meme coins.
The Shiba Inu token took a massive hit in the wake of the Silicon Valley Bank collapse. The token tumbled down the price chart but has been trying to recover.
Read Price Prediction for Shiba Inu [SHIB] for 2023-24
That being said, the arrival of Shibarium might potentially mark a new era for Shiba Inu. One in which it moves from being just a meme cryptocurrency to being a platform that offered genuine utility. Just last week, the project announced the public beta launch of Shibarium, a launch that is expected to push SHIB’s price in the future.
Shiba Inu was founded in 2020 by an anonymous techpreneur. Elon Musk and Vitalik Buterin , both tech
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