Bitcoin News Today: Could Shiba Inu's Burn Strategy Spark a 150% Price Surge?

Shiba Inu (SHIB), a meme-inspired cryptocurrency built on the Ethereum blockchain, has drawn renewed attention as market analysts highlight signs of potential reversal and upside momentum. Recent on-chain data and technical indicators suggest that SHIB may be positioning itself for a significant price increase, with some forecasts suggesting a potential 150% gain from current levels. This development has sparked discussions among traders and investors about the broader implications for the token’s market position and long-term prospects.

At the heart of the optimism is the emergence of divergence in key technical indicators, a commonly observed signal in price analysis that often precedes a reversal. SHIB’s recent price action has shown a bearish RSI divergence, yet the token has managed to consolidate its position within a key trading range. This has been supported by reduced exchange withdrawals, indicating lower selling pressure, and increased accumulation by large holders. Analysts at BeInCrypto note that these factors could signal a near-term bounce, especially if bullish momentum continues to build.

The token’s price currently stands at $0.000013, with a market capitalization of approximately $7.39 billion. While this is significantly below its all-time high of $0.000090 in 2021, SHIB has shown resilience amid broader market volatility. Recent data shows a 25% surge in trading volume over the weekend, breaking a key resistance level. This follows a month-long period of sideways movement, during which SHIB has maintained its position as the second-most-performing token in the memecoin category, albeit trailing Dogecoin (DOGE).

Looking ahead, some analysts project that SHIB could rally to $0.0001489 if it follows the trajectory of Bitcoin (BTC), which is itself expected to see significant gains over the next decade. According to Bitwise, a prominent asset manager, Bitcoin could reach $1.3 million to $2.97 million by 2035, which, if SHIB mirrors BTC’s performance, could push the memecoin to unprecedented levels. However, SHIB’s large supply of 589 trillion tokens remains a structural challenge. For the token to reach $0.0001489, its market cap would need to expand to around $87.3 billion, a substantial increase from its current valuation.

Several initiatives within the Shiba Inu ecosystem aim to address this challenge. Shibarium, a Layer-2 blockchain launched in 2023, has been instrumental in facilitating token burns by allocating a portion of transaction fees for this purpose. To date, Shibarium has removed over 50 billion SHIB tokens from circulation. Additional strategies, including payment gateway burns, NFT-driven burns, and exchange-led initiatives, could further accelerate the reduction of supply, potentially increasing the token’s scarcity and, by extension, its value.

Community engagement is another critical factor. The Karma Reputation System, currently in beta, rewards users for burning SHIB and participating in other ecosystem activities, which could encourage broader participation. However, the success of these efforts will depend on sustained adoption and transactional volume, both of which are key drivers of the burn mechanism.

Despite the bullish projections, the token faces stiff competition from emerging projects such as Remittix (RTX), which is gaining traction with real-world use cases and a presale that has already raised over $24 million. While SHIB remains a popular meme coin, its lack of concrete utility compared to newer projects like Remittix highlights the need for further innovation and adoption to justify large-scale price increases.

In summary, Shiba Inu finds itself at a crossroads. While technical indicators and on-chain activity suggest a potential reversal and upward trajectory, the token’s future will depend heavily on its ability to maintain and enhance its ecosystem, reduce supply through sustained burns, and demonstrate real-world utility. The coming months will be critical in determining whether SHIB can fulfill the 150% upside potential projected by some analysts or face continued challenges from both market dynamics and emerging competition.

Source:

[1] SHIBA INU Price, SHIB Price, Live Charts, and Marketcap (https://www.coinbase.com/price/shiba-inu)

[2] Here is Shiba Inu price if Bitcoin Reaches $1.3M–$2.97M (https://thecryptobasic.com/2025/09/08/here-is-shiba-inu-price-if-bitcoin-reaches-1-3m-2-97m/)

[3] Here is How Shiba Inu Can Reach $0.001 By Reducing Supply with These 5 Methods (https://thecryptobasic.com/2025/09/06/here-is-how-shiba-inu-can-reach-0-001-by-reducing-supply-with-these-5-methods/)

[4] Shiba Inu Coin Latest News as Meme Traders Speculate Whether This Altcoin Could Replicate Early 30x Returns (https://crypto-economy.com/shiba-inu-coin-latest-news-as-meme-traders-speculate-whether-this-altcoin-could-replicate-early-30x-returns/)