$SHIB Price Prediction in 2025: Will it soar or dive?
In August 2020, SHIB came out of nowhere, calling itself the "Dogecoin Terminator". It made a big move, giving half of its coins to Ethereum's bigwig Vitalik Buterin, and it became very popular.
In 2021, SHIB was extremely popular, and its trading volume was comparable to that of Dogecoin and Ethereum. But the good times did not last long. The price plummeted by more than 90% like a roller coaster. By 2023, one SHIB was less than one-eight-millionth of a dollar. However, SHIB seems to have shown signs of rejuvenation recently, with a price increase of more than 220%. Although it is still far from the peak in 2021, it is at least on par with the high point in May of that year.
The "burn rate" of Shiba Inu Coin is a key indicator, which can show how optimistic the community is about the project. Reducing the number of coins will make SHIB more scarce, and everyone will be in a better mood, and the price may go up. When trading SHIB on Shibarium, you have to pay a handling fee, and some coins will be destroyed, which can also make the coins less and the price more stable.
Although this strategy can increase the price in the long run, if you want to make a big change in the price, you have to destroy more coins.
To be honest, the relationship between SHIB and Bitcoin BTC is not very big. However, altcoins like SHIB generally follow the trend of Bitcoin, especially when Bitcoin is hyped up by institutions.
Historically, the relationship between SHIB and Bitcoin has never been close.
Bitcoin has risen more than 5 times since the last bear market, which is about the same as the increase at about the same time in the previous two bull markets.
If Bitcoin continues to rise at this pace, it may rise to more than 240,000 US dollars next year, which is about 880 days from the low point of the last bear market.
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