Shiba Inu (SHIB) Price Prediction: Will it Reach a New Record High?

Updated

March 11, 2025

Gambar Shiba Inu (SHIB) Price Prediction: Will it Reach a New Record High?

Jakarta, Pintu News – Shiba Inu continues to be the talk of the crypto community, with many investors wondering if the token’s price could reach new record highs. SHIB was first launched in August 2020 and quickly attracted attention as a meme-based cryptocurrency.

In October 2021, SHIB reached its highest price at $0.00008819 (Rp1.44) per token. However, since then, the SHIB price has experienced high volatility. As of March 2025, SHIB is trading at around $0.000012 (IDR0.20), which reflects a significant drop from its peak. Over the past one year, the SHIB price has dropped by about 65%, indicating a huge challenge in maintaining its value amid market fluctuations.

Market Capitalization and Trading Volume

Despite the price drop, SHIB remains among the top 20 cryptocurrencies by market capitalization. Currently, SHIB’s market capitalization is estimated at $7.28 billion (IDR118.7 trillion), while its 24-hour trading volume stands at $162 million (IDR2.64 trillion).

The high trading volume indicates that SHIB still has an active investor base, despite the challenges in maintaining its upward momentum.

Also Read: MicroStrategy Stock Downside Risk Amid Crypto Market Volatility

Factors Affecting Shiba Inu Price

SHIB prices are influenced by a variety of factors, including market sentiment, supply and demand mechanisms, as well as external factors such as regulation and trends in the crypto industry.

As a meme-based token, SHIB is highly dependent on market sentiment and popularity on social media. A tweet from a public figure or a viral trend can cause a price spike, while a lack of attention can lead to a significant drop.

In addition, the involvement of the SHIB community is very influential. Investors tend to look for signs of growth or new projects that could increase the value of SHIB before making large purchases.

Supply, Demand, and Token Burning Mechanism

With a total supply of 589 trillion tokens, one of the key challenges for SHIB is to create enough scarcity to drive the price up. Therefore, the token burning mechanism plays an important role in SHIB’s long-term strategy.

Over the past few months, the number of SHIB tokens burned has steadily increased, aiming to reduce the circulating supply and gradually increase the value of the tokens. If this mechanism continues to run consistently and is accompanied by increased demand, then the SHIB price has the potential to rise again.

Shiba Inu Price Prediction: Will it Reach a New Peak?

shibarium shiba inu — Source: Crypto Rank

For SHIB to return to its previous highs, it will require a combination of increased demand, ecosystem adoption, and reduced supply through token burning. Some analysts are optimistic that SHIB could experience a price spike if there is a significant increase in its usage, either through the Shibarium ecosystem or other DeFi platforms.

However, there is also skepticism among investors, especially given the fierce competition among meme-based crypto assets and the emergence of new projects with clearer utility. Therefore, investors are advised to monitor the development of the SHIB ecosystem before making long-term investment decisions.

Conclusion

SHIB price predictions remain a hot topic among investors. While several factors favor price increases, key challenges remain, including market volatility and reliance on community sentiment. If the token burning mechanism continues to be effective and the SHIB ecosystem develops, then the potential for price increases remains open. However, investors still need to be cautious and conduct in-depth analysis before making a decision.

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

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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.