The post SHIB to Enter Top 5? Will Shiba Inu Price Hit New ATH in This Crypto Bull Run? appeared first on Coinpedia Fintech News
The Shiba Inu lead Shytoshi Kusama in a latest tweet has shared an AI-generated image depicting ‘how it feels trying to give utility to a meme coin and take it from top 15 to top 5, in less than 5 years, and without a huge budget’. He clarified that he was talking about SHIB.
How it feels trying to give utility to a memecoin and take it from top 15 to top 5. In less than 5 years… without a huge budget. (Nice piece bro @Macbaconai) https://t.co/eploEi2zS3
— Shytoshi Kusama
(@ShytoshiKusama) November 28, 2024
The image had a painting on an office wall depicting a chaotic, religious, or apocalyptic scene, and there is a man in the office sitting at his desk, with a mess surrounding him.
SHIB In The Top 5?
Reacting to this tweet, an X user noted that Shytoshi might be hinting that the work he is doing will send SHIB to the top 5. Shytoshi underscored that this was not a hint, but an aspiration and a goal to take SHIB to newer heights.
Recently, he revealed some details on his work schedule that he works 20-hour days for weeks. He added that his job includes posting on social media and responding to comments that come from SHIB community members.
SHIB Burn Rate Surges Over 24000%!!
Remarkably, Shiba Inu burn rate has been witnessing an explosive rise today. Earlier, the burn rate had increased by a massive 5500%. However, currently, the burn rate has now reached over a staggering 24,000% in the last 24 hours. A total of 270,751,087 SHIB have been burnt in the last 24 hours as of writng. Notably, the largest burn transaction has carried 209,312,491 SHIB. SHIB is currently trading at $0.00002521, up over 1% in the last 24 hours.
A Larger Bull Run For SHIB Imminent?
The prices of various crypto assets have skyrocketed tremendously after the U.S. election. Notably Bitcoin (BTC) and Solana (SOL) hit new all-time highs (ATH). However, altcoins like Shiba Inu have yet to register a new ATH in the ongoing bull run.
Amidst the current bullish set up, Shiba Inu marketing lead, Lucie, suggests that the market trend is similar to what investors observed in 2020 before the explosive rally in 2021. With top exchanges listing it on their platforms amid surging demand, SHIB had achieved new heights. Also, Shiba Inu saw its biggest burn in May 2021 when Vitalik Buterin transferred over 410 trillion SHIB to the official dead wallet. It ultimately reached to an ATH of $0.00008616 in October 2021.
She has described 2025 as the ‘year of the super cycle,’ which could potentially result in a larger bull run, similar to 2021.
FAQs
Shiba Inu’s burn rate surged by over 24,000% in the last 24 hours, with more than 270 million SHIB tokens burned, signaling a significant increase in token scarcity.
While SHIB has not yet reached a new ATH during the current bull run, marketing lead Lucie suggests that 2025 could be the year for a “super cycle” similar to the 2021 rally.
By 2025, our price prediction forecasts that the Shiba coin price could be worth $0.00006392. With a potential surge, the price may go as high as $0.000321 by the end of 2030.
