Shiba Inu (SHIB) Analysts Predict a Potential Rally, Projecting the Digital Asset Could Surge to $0.0000236 by May 2025

Shiba Inu (SHIB) analysts have predicted a potential rally for the Ethereum-based memecoin, projecting that the digital asset could surge to $0.0000236 by May 2025.

Shiba Inu (SHIB) price is known for its volatility, and it has been a wild ride for investors this year. But analysts at Coinscreener are predicting that the memecoin could be in for a potential rally in May 2025, as they expect a notable recovery to trigger more bullish momentum and mark a comeback for the flagship meme coin.

Shiba Inu (CRYPTO: SHIB) is expected to rally to 0.0000236 by May 2025, according to Coinscreener analysts.

Shiba Inu price saw a five-digit spike in burn rate as millions of SHIB were removed from circulation in the latest round of a community initiative.

Shibburn reported that the Shiba Inu (CRYPTO: SHIB) team burned 280,097,384 SHIB tokens on Wednesday. The latest addition to the memecoin burn initiative saw a 37,937% spike in Shiba Inu’s burn rate.

The latest round brings the total SHIB burned to 60,062,963,866, which is roughly 10.2% of the initial token supply.

Shiba Inu’s circulating supply stands at about 584.4 trillion tokens.

What Happened: A recent report by a crypto news outlet stated that Shiba Inu’s price has shown early signs of a bullish trajectory. SHIB is heating up and is showing the first signs of a bullish push after holding the $0.00001280 low on Wednesday.

The crypto token is currently trading for $0.00001336 in the early hours of Thursday, April 24, showcasing a 4.5% rally in less than 12 hours.

The referenced $0.0000236 landmark for SHIB signifies a crucial point in the crypto token’s historical performance from 2024. Reaching that level from SHIB’s current price would mirror last year’s rally, which saw SHIB gain 145.2% in a bullish movement.

This move would flip Shiba Inu’s outlook, generate significant bullish momentum, and position the meme coin for more upside movement.

It is worth noting that such outstanding moves happen on the back of recognized catalysts, of which Shiba Inu does not boast one at the moment. However, the increasing investors’ interest in the crypto market and the potential change in the overall market direction could provide a tailwind to support the analysts’ prediction for SHIB.