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Will SHIB Reach $0.01 as Burn Rates Soar?
By: bitcoin ethereum news|2025/05/04 02:00:05
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The cryptocurrency market is buzzing with renewed energy, and Shiba Inu (SHIB) shows strong signals of gearing up for a potential altcoin season. As the broader crypto market experiences a positive uptick, currently sitting at a modest 0.2% to 2% gain on the day, the Fear and Greed Index nears bullish territory, registering a neutral 55. This positive sentiment stems from the ongoing surge of meme coins, with TRUMP coin continuing its trending streak and Bitcoin approaching the significant $100,000 mark. Michael Saylor’s ambitious strategy to raise $84 billion to further accumulate Bitcoin underscores the prevailing bullish sentiment driving the market. Source – 99Bitcoins YouTube Channel Shiba Inu Price Prediction Shiba Inu shows resilience, rising 7% in the past month. Though still far from its past highs, the Shiba Inu community feels optimistic, suggesting upcoming developments. This renewed excitement matches strong on-chain data. On Thursday, the burn rate jumped by 3,800%, with over 284 million SHIB tokens permanently removed from circulation in the past 24 hours. This high burn rate hints at a possible supply reduction, offering a positive outlook for the long-term price of the token, which currently trades at around $0.000013. The bullish trend around Shiba Inu strengthens with recent growth and adoption. MetaMask, a major cryptocurrency wallet, listed Shiba Inu as one of the top swapped tokens this week, reflecting increasing interest and trading activity in the meme coin-turned-utility token. Excitement grows as Zypto App integrates ShibaSwap, becoming the first decentralized wallet to support Shibarium, Shiba Inu’s layer-2 solution. This move improves accessibility and encourages further adoption of Shiba Inu’s ecosystem. Additionally, a unique collaboration between Astra Nova, Mansory, and Shiba Inu hints at blending Web3 innovation with luxury. The Shiba Inu-inspired vehicle sparks buzz in the community, showcasing the growing cultural influence of the Shiba Inu brand. The steady flow of positive news surrounding Shiba Inu continues. Daily updates focus on strong burn rates, potential price increases, and the growing belief that Shiba Inu could create future millionaires. With a community of over 1.5 million holders and a market cap nearing $8 billion, Shiba Inu stands as a key player in the cryptocurrency market. The high engagement and momentum suggest that Shiba Inu deserves close attention, with the potential for major price moves in the coming year, especially with the large number of tokens removed through burns. Alongside SHIB, PEPU is also among the top swaps on MetaMask. PEPU, a crypto ICO, saw a 10x increase and served as an L2 solution for Pepe. Now, a new ICO offers a similar L2 solution for Solana, just as Shiba Inu did for Ethereum. This new project is called Solaxy. Best Altcoin to Buy: Solaxy (SOLX) Solaxy has outpaced every other Solana presale in history, raising an impressive $32.9 million in its ongoing presale—almost twice as much as Ethereum raised in 2014. Here’s why: while Ethereum processes 12 transactions per second (TPS) and Solana handles 6,500 TPS, Solaxy sets a new standard with 10,000 TPS. This offers Solana unprecedented scalability, unlocking massive potential. With better scalability, Solana can bring in more users and try new ideas without the congestion it has faced since launch. The $SOLX token is used for transaction fees, staking, and governance on the Solaxy blockchain, creating real value and demand. Source – Solaxy Twitter Solaxy also has plans for cross-chain interoperability, aiming to connect Solana’s fast and affordable network with Ethereum’s vast liquidity pools. This integration could bridge users and developers between two major blockchain ecosystems, further expanding Solaxy’s reach. Investors can acquire $SOLX at its presale price of $0.001712, but the price will increase during the ICO. The next price hike is expected in less than one day, so investors should act quickly. Alongside its Layer 2 objectives, Solaxy presents an enticing staking program for early investors. SOLX holders can stake their tokens and earn a 125% APY (annual percentage yield), making it one of the most attractive passive income opportunities in the crypto space. Investors can buy SOLX tokens directly from the official Solaxy presale website, with payment methods including ETH, USDT, BNB, and credit cards. Tokens are also available through the Best Wallet app, which can be downloaded on both iOS and Android devices. By focusing on scalability, interoperability, and strong staking rewards, Solaxy is gaining momentum as one of the most promising meme coin projects expected to launch in 2025. Visit Solaxy. This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article. Source: https://en.cryptonomist.ch/2025/05/03/shiba-inu-price-prediction-will-shib-reach-0-01-as-burn-rates-soar/
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