Shiba Inu (SHIB) Price Prediction 2025-2030: Will the burn fuel SHIB’s price action?
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 last 24 hours. In fact, Shiba Inu has been on a rampage for the better part of the week.
Consider this – Shiba Inu (SHIB) reportedly noted its highest daily surge in active addresses in 2023 at the end of March, when nearly 36,000 SHIB addresses transacted on the network. Citing Santiment data, crypto-analyst Ali Martinez made the claim on Twitter that the network activity has set a record high since the beginning of the year.
Despite the launch of the much-awaited Shibarium L2, however, whale trading activity has continued to decline.
The lead Shiba Inu developer Shytoshi Kusama had previously 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.
SHIB 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
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