Analysts forecast that in May, the price for Shiba Inu will be $0.0000236.
On Wednesday, the Shibburn rate surged to 37,937%.
The price of SHIB rose by 4.5% after the latest Shibburn execution.
Shiba Inu (SHIB) analysts predict potential growth for the Ethereum-based meme coin, forecasting that the digital asset could rise to $0.0000236 in May 2025.
Analysts expect that a noticeable recovery will trigger a more optimistic trend and mark the return of the flagship meme coin.
The mass SHIB Burn event increases the burn rate by 37,937%
The latest positive SHIB forecast followed a significant Shibburn event, during which the burn rate of Shiba Inu tokens increased by five percent, leading to the withdrawal of millions of SHIB tokens from circulation.
According to the blockchain tracker, the Shiba Inu team burned 280,097,384 SHIB tokens on Wednesday, April 30, 2025. Notably, the latest event triggered a surge in Shiba Inu's burn rate of 37,937%, causing widespread optimistic sentiment in the meme coin ecosystem.
This reduced the circulating supply of SHIB to approximately 584.4 trillion tokens, highlighting the Shiba Inu team's determination to pursue its goal of increasing the value of the meme coin by creating scarcity.
The price reaction so far has been subdued; target value $0.0000236
Although the Shiba Inu community considers the latest move significantly optimistic, the digital asset has yet to fully reflect the expected bullish effect. Nevertheless, SHIB has shown early signs of a bullish trajectory after rising from a low of $0.00001280 on Wednesday to trading at $0.00001336 in the early hours of Thursday, reflecting a rally of 4.5% in less than 12 hours.
For context, the target benchmark of $0.0000236 for SHIB represents a critical point in the historical performance of the crypto token since 2024. Achieving this level from the current SHIB price would reflect last year's rally, during which SHIB rose by 145.2% in a bullish move. Repeating this movement would overturn the forecast for Shiba Inu, generate significant bullish sentiment, and prepare the meme coin for further growth.
Market catalysts are necessary for a major SHIB rally
Meanwhile, it is worth noting that such outstanding moves occur due to recognized catalysts, which Shiba Inu currently cannot boast of.
However, the growing interest of investors in the cryptocurrency market and a potential change in the overall market direction could serve as a tailwind supporting analysts' forecasts regarding SHIB.