In the last week of 2024, 1.7 billion SHIB were permanently destroyed. What will the trend of SHIB look like in 2025??
As 2024 comes to a close, the amount of SHIB destroyed is quite significant and eye-catching. A total of over 1.7 million SHIB tokens are no longer in circulation. As of now, the price of SHIB is $0.00002224, having dropped 33% over the past month.
Considering the economic downturn at the end of 2024, data shows that the rate of SHIB destruction surged by 243.34% on the last day. Specifically, over 1.7 million SHIB were thrown into the network's 'black hole.' The destruction of SHIB tokens has always been an important indicator for everyone to measure its value and supply. Destroying SHIB is intended to stabilize the price by controlling the number of tokens in the market. Although the price dropped in December, the destruction of so many tokens may lead to a rebound for SHIB in early 2025.
On the last day of 2024, Shiba Inu's trading volume surged by 31.11% to reach $538 million as everyone rushed to make their final trades of the year. Some predict that SHIB will have a strong start in early 2025, and the destruction of so many tokens is one of the reasons driving this surge. However, to push SHIB to higher levels in 2025, community participation must increase, and developers need to launch new projects to generate excitement.
SHIB's leader, Shytoshi Kusama, mysteriously stated that 2025 will be an incredibly exciting year with many optimistic plans for the SHIB ecosystem. Everyone believes that SHIB will be one of the leaders in 2025.
According to data, the price of SHIB is expected to fluctuate between $0.00001782 and $0.00009306 in 2025, with an average price of $0.00003609. Compared to now, this represents a potential return of 327.75%. Moreover, in January 2025, SHIB's price is expected to reach $0.00004582, which is significantly better than now.
For more insights on the crypto space, click my avatar and follow me. Bull market potential hundred times coins deployment and daily spot strategy sharing! $SHIB
