- Shiba Inu burn rate surged over 57,000%, reducing supply significantly.
- A breakout from the descending channel could lead to a 2x price increase.
The Shiba Inu ecosystem witnessed a tremendous shift when the burn rate surged over 57,000% within a day. As per Shibburn stats, more than 1 billion SHIB tokens have been burned and removed from circulation in the last 24 hours.
This aggressive supply reduction has caused new optimism among investors and traders. The high token burn rate shows the ongoing effort from the community to combat inflation and grow the asset’s value in the long run.
Fewer tokens in circulation heighten the risk of a supply squeeze and may contribute to higher prices. The burn program has been an integral part of Shiba Inu’s deflationary strategy, with the community actively contributing to reducing excess supply.
SHIB Targets $0.025 After Breaking Descending Channel
The Shiba Inu price is trading at $0.00001439 currently and has risen by 11.75% over the past week. The price action suggests a potential break above the falling wedge pattern on the daily chart.
If SHIB can sustain the momentum and close above the 50-day exponential moving average on high volume, it can be a sign of the beginning of a larger move upwards.
Analysts have pointed to SHIB breaking through a downtrend channel, classically a bullish signal. If the break is true, the possibility of a 2x increase looms on the horizon and will drive the price toward the $0.025 mark.
Meanwhile, crypto analyst CryptoELlTES was even more positive and projected a staggering 12x surge in the long term. Another market watcher, Javon Marks, explained Shiba Inu is rebounding after breaking through and setting itself up for a strong rally.
He placed the target price at $0.000081, suggesting a possible increase of 415% from where it currently is. Such projections are in keeping with the past trend where SHIB experienced explosive growth following periods of consolidation.
Shiba Inu Expands Utility with SHIB Pay Integration
In addition to price action, the Shiba Inu ecosystem is advancing in real-life use cases too. SHIB Pay is a new payment feature that will revolutionize the way companies accept crypto.
This feature will allow merchants to make transactions on the blockchain directly, without the involvement of intermediaries such as banks or payment processors.
SHIB Pay’s gonna let any store accept crypto, no banks involved.
It’s fast, super cheap, and businesses stay in full control.
No borders, no middlemen—just pure crypto payments. https://t.co/Sx2GdC6TZW— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 26, 2025
SHIB Pay promises lower fees on transactions, faster settlements, and complete control of funds. It enables businesses to receive payments globally with no limitations and no delays.
SHIB Pay will enable seamless crypto payments without any intermediaries and will make it easy to integrate digital assets into merchants’ payment systems worldwide, said Shiba Inu core team member Lucie.
The launch of SHIB Pay is a step in the direction of Shiba Inu’s ultimate goal to expand from a meme token into a real use-based ecosystem.
As the burn rate rises, a likely price break through and crypto payment innovations, Shiba Inu remains the focus in the digital asset market.
Whether the upward momentum will persist will be subject to continued buying interest and market conditions in general, but the existing trend shows favorable times for SHIB holders in the future.