Performance and price of SHIB:
* Current price: SHIB is currently trading around $0.00001450 per (SHIB / USD), with slight fluctuations (less than 1%) during the day.
* Market cap and trading volume: The market cap of SHIB is approximately $8.54 billion, and the daily trading volume exceeds $190 million.
* Recent changes:
* The coin saw a 10.4% increase this month (up to the end of May 2025).
* Some forecasts suggest the price could reach $0.000020 in the coming period if the market continues to favor bulls.
* Despite the recent drop in trading volume, SHIB has shown recovery from its lows.
Important news and developments:
* Token Burn:
* More than 41 million SHIB tokens have been burned in the past 24 hours, an increase of over 18% in the burn rate.
* This included 3 burns exceeding one million tokens, one of which exceeded 23 million tokens.
* These burn operations are positive for the price in the long run as they reduce the circulating supply of SHIB.
* Whale activity (large traders):
* The large transaction volume of SHIB has seen a sharp decline of 74% in the past five days, from 5.76 trillion SHIB to 1.47 trillion SHIB.
* This decline in whale activity raises questions about whether large traders are temporarily stepping back or waiting for broader market signals. However, a decrease in whale activity does not necessarily indicate a bearish sentiment and may signal a quiet accumulation phase.
* Despite this decline, 78% of SHIB holders have held their tokens for over a year, indicating continued long-term interest.
* Shibarium updates:
* The Shiba Inu team has released an important update for Shibarium (the second-layer solution for the network) aimed at enhancing decentralization.
* Restrictions on the rate of public RPC endpoints will be applied soon, and this change is not intended to restrict access but to encourage developers and users to run their own nodes, enhancing privacy and censorship resistance.
* Price forecasts:
* SHIB price predictions for 2025 vary widely, with a minimum expectation of $0.0000137 and a potential high of $0.0000721.
* Some indicate that 2025 will see significant volatility and multiple entry opportunities.
* The success and adoption of Shibarium could significantly impact the price, potentially pushing it to the $0.00002 range.
* Some believe that SHIB may struggle to maintain upward momentum amid broader market disruptions.
* Shift towards utility:
* Shiba Inu aims to transition from being just a meme coin to a utility-based asset, with staking functions and integration into decentralized finance (DeFi) platforms to enhance its utility.
* The long-term growth of SHIB depends on token burn mechanisms and enhancing its utility within its ecosystem.
Important notes:
* The cryptocurrency market is extremely volatile, and the prices of digital currencies are influenced by many factors, including general market news, project developments, and large investor activity.
* Investors should conduct their own research before making any investment decisions.
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