Shiba Inu Burns 17M Tokens – Could a Parabolic Rally Be on the Horizon?

Shiba Inu burns 17 million SHIB tokens, signaling ongoing deflationary efforts. As meme coins thrive amid pro-crypto U.S. policies, analysts predict parabolic rallies for SHIB and the broader meme coin market.

Shiba Inu Burns Tokens, Fuels Speculation on Parabolic Rally

In the past two days, 17 million Shiba Inu (SHIB) tokens have been burned, as reported by shibburn.com. While this equates to only $500 worth of SHIB, it highlights the ongoing deflationary measures within the token’s ecosystem.

Though this burn is negligible compared to Shiba Inu’s $16.58 billion market cap, it draws attention to the broader benefits of non-inflationary cryptocurrencies in a world of expanding fiat supplies. For Shiba Inu, however, inflation resistance is secondary to its reliance on hype cycles and the passionate community backing it.

Shiba Inu’s Market Outlook: Can SHIB Go Parabolic?

Shiba Inu is currently trading just above $0.000028, maintaining stability near its 21-day moving average (DMA). Despite the fading momentum from November’s rally following President Trump’s election victory, SHIB’s bounce from its 50DMA earlier this week suggests bullish sentiment remains intact.

Recent developments in the U.S. further support positive market sentiment. With a pro-crypto administration and Congress set to establish clearer regulations, meme coins like Shiba Inu are poised to benefit from the growing enthusiasm in the crypto space.

Trump’s promises to “do something great with crypto” during his term amplify optimism, especially for speculative assets like meme coins, which historically experience sharp parabolic rallies during favorable market conditions.

Crypto analysts have echoed these sentiments. Trader Astekz highlighted SHIB’s “parabolic potential,” while CryptoBull shared a chart predicting SHIB’s breakout from a long-term downtrend. The Shiba Inu community’s size, coupled with its expanding utility ecosystem, places SHIB as a likely frontrunner in any future meme coin surge.

How High Could Shiba Inu Climb?

If Shiba Inu breaks past its previous all-time high of $0.000090 and enters price discovery, analysts suggest a rally towards the 3.618 or 4.236 Fibonacci extensions from its 2023 lows to 2021 highs. This could result in a potential 10x gain, pushing SHIB’s market cap over $150 billion.

While such a valuation may seem ambitious, it would represent just 4% of Bitcoin’s projected $4 trillion market cap if BTC hits $200,000—a plausible scenario given SHIB’s position as a leading meme coin.

The Path Ahead for SHIB Investors

Shiba Inu’s future remains bright within the volatile meme coin space. While the potential for massive gains exists, investors must brace for sharp downturns and adopt long-term holding strategies to navigate the market’s volatility effectively.

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