Shiba Inu (SHIB) and the Challenges to a Price Rally in the Cryptocurrency Market (11/3/25)

Jakarta, Pintu News – Shiba Inu (SHIB) is back in the spotlight after renowned crypto analyst, Davinci Jeremie, gave his views on the token’s potential price increase. Although SHIB is currently still in a bearish trend, Jeremie remains optimistic that the cryptocurrency could experience a surge in the future.

However, he emphasized that there is one major challenge that must be resolved for SHIB to make a comeback. The main problem facing Shiba Inu right now is the low adoption rate of their Layer-2 network, Shibarium. If Shiba Inu is to achieve a significant price rally, developers need to come up with more real-world applications that use this network.

Shibarium: Solution or Obstacle for Shiba Inu?

Shibarium is designed as a Layer-2 solution that aims to provide low-cost transactions and support various applications in the Shiba Inu ecosystem. However, according to Jeremie, to date there are still very few applications that actually utilize Shibarium.

To address this, the Shiba Inu development team has taken a strategic step by establishing a partnership with Chainlink through the integration of the Cross-Chain Interoperability Protocol (CCIP). This move is expected to increase the accessibility of the SHIB token as well as other related assets such as BONE, LEASH, and TREAT, thereby driving future adoption of Shibarium.

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Shiba Inu Burn Rate Surges: Impact on SHIB Price

One of the positive factors that could support SHIB’s price increase is the significant spike in burn rate. Based on data from Shibburn, SHIB’s burn rate increased by 3253% in the last 24 hours, with a total of 29.32 million tokens being permanently removed from circulation.

Burning tokens is an important mechanism in the Shiba Inu economy as it reduces the supply in circulation. If the demand for SHIB increases while the supply is increasingly limited, then the price of these tokens could potentially increase. To date, the total supply of SHIB has shrunk to 584.34 trillion coins, of which 410.74 trillion have been burned. If this trend continues, investor optimism could increase and contribute to future price rallies.

Future Outlook: Can SHIB Reach its Peak?

While the increasing burn rate is a positive signal for the Shiba Inu ecosystem, the success of SHIB in achieving a price rally still depends on other factors, especially the adoption of Shibarium. If the platform manages to attract more users and decentralized applications (dApps), then SHIB’s price could potentially experience a more significant increase.

With new partnerships and continued development efforts, the future of Shiba Inu remains exciting to monitor. However, investors still need to be cautious and consider various factors before making investment decisions in this highly volatile cryptocurrency market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Bena Ilyas. Shiba Inu to Propel SHIB to the Moon?. Accessed March 11, 2025.
• Featured Image: Watcher Guru