Shiba Inu Gains 8.7% Weekly Amid Aggressive Burns and Security Upgrades

Shiba Inu (SHIB) remains a focal point in the meme-coin space as discussions continue around its ambitious $1 price target. Currently trading near $0.00001357, the token faces an immense 7,369,096% increase to reach the symbolic level. Achieving this would require a dramatic shift in market dynamics, with SHIB’s market cap soaring from $8 billion to an unrealistic $589 trillion. Analysts and AI models alike have weighed in on the feasibility of the goal, with timelines ranging from over 3,000 years under current burn rates to as early as 2026 under aggressive supply reductions [1].

Several factors are being cited as potential catalysts for SHIB’s growth. Aggressive token burns, particularly those exceeding 50 trillion tokens per month, are seen as critical to reducing supply and increasing scarcity. This, combined with a strong bull market and broader adoption, could theoretically accelerate the price climb. For example, ChatGPT has outlined scenarios in which a 99.9% reduction in SHIB’s total supply—bringing it down to 589 billion tokens—could make the $1 target plausible [1].

On-chain activity has also shown signs of strength. A recent 4.7 million token burn reduced SHIB’s supply by 1,985% in 24 hours, signaling a commitment to deflationary mechanics. Such actions reinforce long-term confidence in the token’s fundamentals. Additionally, the Shibarium network has upgraded its security in collaboration with DegenSafe, addressing growing concerns around scams and wallet vulnerabilities [2].

Technically, SHIB has formed bullish patterns that suggest further upward potential. An inverse head and shoulders pattern indicates a possible move to $0.000026 if the neckline at $0.00001306 holds. The RSI stands at 48, showing neutral momentum and leaving room for a breakout if buying pressure continues. Analysts such as Javon Marks have projected a potential 156% increase to $0.000032 under sustained bullish momentum [3]. Meanwhile, a bullish triangle pattern near $0.00001309 implies a 1,000% surge to $0.000150 if resistance at $0.00001678 is breached [4].

Despite these optimistic signals, the road to $1 remains highly speculative. The vast majority of analysts consider it a distant possibility, as it would require a massive influx of capital and extraordinary market conditions. However, short-term price targets appear more attainable. SHIB has gained 8.7% in a week, pushing it closer to $0.00002, and key resistance levels at $0.00001397 and $0.00001600 could be tested in the near term. A break above $0.00001724 could further fuel the upward momentum [5].

While the $1 milestone is unlikely in the near future, SHIB is demonstrating signs of maturing as a project. The combination of token burns, technical strength, and improved security infrastructure suggests that SHIB is building a foundation for future growth. Whether it will reach $1 depends largely on how aggressively the supply is reduced and how rapidly the token gains broader adoption [6].

Source: [1] https://cryptonewsland.com/shiba-inus-road-to-1/

[2] https://coingape.com/markets/shiba-inu-price-targets-0-000026-amid-4-7m-token-burn-and-shibarium-security-boost/

[3] https://www.mitrade.com/au/insights/news/live-news/article-3-1044798-20250816

[4] https://www.ainvest.com/news/shiba-inu-breakout-potential-blockdags-2660-presale-surge-nears-101m-inflow-boost-2508/

[5] https://www.msn.com/en-us/money/other/what-is-the-next-crypto-to-explode-as-shiba-inu-shib-nears-000002-target-with-87-weekly-gain/ar-AA1KxATu

[6] https://techbullion.com/bitcoin-shiba-inu-and-ozak-ai-which-2025-price-prediction-offers-the-biggest-roi/