Prominent community commentator “YourPOP” asserts that Shiba Inu is poised for an all-time high, suggesting that a new peak “is programmed.”
Shiba Inu has yet to stage a dramatic surge since December, when its price reached a multi-month high of $0.00003329. However, it has since lost most of those gains and is currently trading around the $0.000013 region.
As of press time, Shiba Inu is trading at $0.00001323, representing a 2.14% increase over the past 24 hours and a 0.86% increase over the past seven days.
Shiba Inu remains down 85% from its previous all-time high, recorded on October 28, 2021. While many in the community have lost faith in SHIB reaching a new all-time high, YourPOP has reignited investor optimism with his bullish X post.
Shiba Inu Programmed for New ATH
The Shiba Inu community member emphasized that a new all-time high is “programmed” for SHIB. This suggests that the project’s ecosystem efforts may accelerate the next rally to a new peak.
Indeed, the Shiba Inu development team has introduced several ecosystem initiatives to move beyond its meme coin origins. Some ecosystem projects include SHIB: The Metaverse, ShibaSwap, multiple games (like Shiba Eternity and Agent Shiboshi), and Shibarium.
Development Efforts to Propel SHIB
Launched in August 2023, Shibarium is a Layer 2 (L2) scaling solution that enhances the speed and reduces the cost of transactions on the Ethereum blockchain, which houses Shiba Inu’s projects.
The L2 blockchain actively burns SHIB by using a portion of users’ transaction fees. Although the fees are initially obtained in BONE, they are converted to SHIB and sent to the dead wallet.
The team automated the Shibarium-powered burns process last August following Shib Torch’s release. Since Shibarium’s launch, it has permanently removed over 56 billion SHIB from the supply. Many enthusiasts expect it to burn more tokens as adoption grows.
As previously reported, the team released a new Shibarium upgrade to enhance SHIB burns. The upgrade ensures that every user interaction, including swaps, staking, and liquidity provision, automatically burns SHIB in real time.
These developments seek to increase SHIB’s scarcity and boost its adoption, potentially setting the conditions for a massive price uptick to unprecedented levels.
Can SHIB Hit New ATH in 2025
In the meantime, most crypto enthusiasts believe that SHIB could register a new all-time high of at least $0.0001 this cycle.
Last year, editors at Forbes predicted that Shiba Inu’s price could range between $0.0001 and $0.0003 before the end of 2025.
Similarly, popular chartist Eunice Wong shared a similar prediction, forecasting that SHIB could hit an ATH of $0.000125 this cycle. Although the journey to a new peak remains formidable, it remains to be seen where SHIB will top out this season.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
