The Shiba Inu (SHIB) ecosystem recorded a notable couple of months. Despite experiencing increased volatility, the meme coin has managed to retain itself well within the top 20. Amidst this, the burn activity in the SHIB market was seen recording an uptick. Are all these factors enough for the asset to record a new peak sooner rather than later?
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Shiba Inu Starts Slow But Steady Recovery
Throughout the past 24 hours, Shiba Inu recorded a nearly 3% rise. The meme coin went from trading at $0.00001181 all the way to $0.00001266. Following this, SHIB settled down at $0.00001262, at the time of writing. Sadly, the asset’s current price follows a 20% drop throughout the past month.
The meme coin’s increased burn activity seemed to be in line with its above-mentioned recovery. On March 13, a significant transaction was carried out, which involved moving 459.29 million SHIB to a dead wallet. These tokens are worth $5,736 at Shiba Inu’s current price. In addition, 14.62 million SHIB, 13.67 million SHIB, and 12.84 million SHIB were removed, among other burn transactions. Shibburn, a community burn tracker, further reported that 1.81 million SHIB had burnt in the last 24 hours. This represents an increase of 112.85%.
🔥🔥 459,294,504 $SHIB -> transferred to dead wallet. https://t.co/k4xAXxRR6h
— Shibburn (@shibburn) March 13, 2025
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Price Prediction
Shiba Inu’s surge to 3.3 cents isn’t going to be a cakewalk. The meme coin will have several hurdles presented before reaching this milestone. The very first one starts at reclaiming its all-time high of $0.00008845. Shiba Inu attained this peak back in 2021. Currently, the asset is trading 85% below this high.
According to data from Telegaon, the meme coin will reclaim this peak in 2026. Investors, however, will have to wait longer to achieve the 3.3 cents goal. The firm noted that SHIB will surge to this high between 2035 and 2040.
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