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Shiba Inu ($SHIB) is on a roll! 📈 Up 17% in the past week and now trading above key EMAs. Could this bullish trend continue? 🔍

Here are the trending #Cryptos of the day!✨ ✅Ethereum ( $ETH ) - @ethereum ✅Bitcoin ( $BTC ) - @Bitcoin ✅XRP ( $XRP ) - @Ripple ✅Sui ( $SUI ) - @SuiNetwork ✅Dogecoin ( $DOGE ) - @dogecoin ✅DeepBook Protocol ( $DEEP ) - @DeepBookonSui ✅Solana ( $SOL ) - @solana ✅Pepe ( $PEPE ) - @pepecoineth ✅Cardano ( $ADA ) - @Cardano ✅Bonk ( $BONK ) - @bonk_inu Do you hold any?🧐

Shiba Inu (SHIB) has shown resilience as it strongly holds above the $0.0000128 support level in the face of severe broad market meltdowns and macroeconomic concerns. According to our market data, the asset has recorded an impressive surge of 2.4% in the last 24 hours and 7.6% in the last seven days. Fascinatingly, its daily trading volume has shown support for this current trend, rising by 10% within the period, with $162.9 million flowing around the market. According to analysts, the asset could continue this momentum to kill additional zeros in preparation to hit $0.01 in the long term. Fascinatingly, this possibility has been agreed upon by several key players, including a prominent community member identified as Lucie. As outlined in our recent blog post, she disclosed that price fluctuation does not cast any doubt in her belief that the price could eventually hit 1 cent. Similarly, another analyst known as Grok3 has highlighted that reaching this milestone in 2025 is theoretically possible. SHIB could theoretically reach $0.01 in 2025 if it combines aggressive token burns (reducing supply by 90%+), explosive adoption via Shibarium and real-world use, and a historic bull market fueled by hype and investment. Researching how SHIB could reach this milestone, CNF found three key factors – SHIB burns, utility, and mass adoption. In 2021, Ethereum co-founder Vitalik Buterin received half of the SHIB supply and decided to burn 90% of it. Following this decision, the price recorded a significant surge, rising from $0.000000000077 on January 1, 2021, to $0.00008845 on October 28, 2021. In any case, burning a significant portion of the supply has proven to be a “magic wand” that causes an unprecedented rally As of the time of writing, the asset had a circulating supply of $589.25 trillion. This implies that rising to $0.01 would position the market cap to $5.89 trillion. However, this appears unrealistic unless a significant portion of the supply is burnt. Fascinatingly, a mechanism has been instituted for this to happen. Days ago, 28.4 million tokens were removed from circulation, representing a burn rate of 3,255.93%. As noted in our earlier post, this could fuel a 550% surge in SHIB’s value. According to analysts, more utility could significantly impact the number of users, create a shortage in the token’s supply, and cause a spike in price. However, typical meme coins usually lack utility. To bridge this gap, the Shiba Inu team has introduced its layer 2 solution, the Shibarium network, with many applications expected to be built on it. Experts have highlighted that token burn alone could fail to trigger a huge rally without adoption. This implies that the asset would have to truly go mainstream and become a useful currency for the day-to-day operations of individuals and institutions. Meanwhile, the team has already unveiled collaborations and partnerships on its roadmap to improve visibility. As mentioned in our previous article, Shiba Inu has partnered with the UAE government to advance Web3 solutions in the energy and infrastructure sectors.

The crypto market rose across the board, with BTC approaching $94,000 and ETH rising by nearly 11% According to SoSoValue data, affected by multiple positive news such as Trump's easing of tariff policies and reiterating that interest rates will be cut as soon as possible, the crypto market sectors generally rose, with a 24-hour increase of about 2% to 11%. Among them, Bitcoin (BTC) rose 4.59%, approaching $94,000 at one point. Ethereum (ETH) rose 10.94%, breaking through $1,700. In addition, the Meme sector led the rise by 11.20%. Within the sector, Shiba Inu (SHIB), OFFICIAL TRUMP (TRUMP), Dogecoin (DOGE), and Pepe (PEPE) rose 8.63%, 9.92%, 11.21%, and 12.06% in 24 hours, respectively. It is worth noting that MAG7.ssi rose 6.68%, DEFI.ssi rose 8.11%, and MEME.ssi rose 12.16%. In terms of other sectors, the Layer2 sector rose 7.62% in 24 hours, of which Mantle (MNT) and ex-MATIC (POL) rose 5.80% and 8.66% respectively; the DeFi sector rose 7.41%, Chainlink (LINK) and Uniswap (UNI) rose 8.04% and 11.10% respectively; the AI sector rose 5.47%, KAITO and Virtuals Protocol (VIRTUAL) rose 12.55% and 25.36% respectively; the PayFi sector rose 4.71%, and Telcoin (TEL) rose 14.25%; the Layer1 sector rose 4.54%, Avalanche (AVAX) and Sui (SUI) rose 12.06% and 23.44% respectively; the CeFi sector rose 1.91%, and Cronos (CRO) rose 10.94%. In addition, the crypto sector index, which reflects the historical market trends of the sector, shows that the ssiNFT, ssiMeme, and ssiGameFi indices rose by 11.53%, 11.16%, and 10.51%, respectively.

At the moment, the meme coin market is marked by growing uncertainty, as leading tokens like Shiba Inu (SHIB) and Dogecoin (DOGE) have been unable to break above stiff resistance levels. Shiba Inu now trades at $0.00001203 while its trading volume has dropped by 21.95%. Despite this, the token’s market capitalization has gone up by a moderate 2.89% in the last 24 hours to $7.1 billion. As previously noted by CNF , the SHIB Magazine released a bold forecast estimating SHIB’s value could surge to $0.000167, representing a 14-fold increase from its present level. Here are three reasons why SHIB’s next bull run is on the horizon. Shiba Inu has seen its burn rate increase by 3,255.93% over the past 24 hours. Quite remarkably, 28,448,177 SHIB tokens were sent to the burn wallet during the period, with 10,840,965 being burned an hour ago. As per Shibburn , over 410.7 trillion SHIB tokens have now been removed from circulation. This new burn spike represents a concerted effort on the community’s part to rein in SHIB’s circulating supply. Burns may not necessarily lead to an explosion in price, but they definitely increase scarcity, which is one of the key drivers that can create value if demand stays constant or continues to grow. Shibarium, Shiba Inu’s Layer-2 blockchain platform, continues to grow after hitting the 10 million block milestone, now standing at 10,531,769 blocks. The daily transactions of the network are surging past 4.78 million, while a total of 1,071,758,767 transactions have been sent on 197,969,471 wallet addresses, according to the Shibarium explorer . Admired for its cost efficiency, Shibarium is an increasingly sought-after platform for decentralized apps (dApps) and places SHIB even further in the wider crypto sphere. Even Bitcoin advocate Jeremie Davinci joined in with praise for the initiative and stated, “I like Shiba Inu, as you know, and I think it will do relatively well in this cycle, but it may not go as high as you expect. I think Shiba Inu has a lot of utility now that they have Shibarium, and basically, it’s a chain that you can actually run all kinds of applications.” Adding to this, BONE, the governance token and gas fee token for Shibarium, is also showing strength, currently priced at $0.281483, up 16.72% in the latest trading. SHIB’s exchange netflows are currently dominated by outflows, indicating that investors are taking their tokens off centralized exchanges and into self-custody. This is a typical bullish sign, as it points to decreasing near-term selling pressure and long-term holding preference on the side of investors. At the same time, data from the derivatives market reveal a substantial growth in activity. Trading volume has risen by 55.94%, reaching $166.83 million, which reflects higher interest and activity on the traders’ part. Additionally, open interest, representing the number of derivative contracts outstanding, has grown by 4.34%, reaching $117.11 million.