Shiba Inu (SHIB) Is Poised to Reach the Highest Peak of All Time

Leading community commentator, “YourPOP,” declared that the Shiba Inu is poised to reach the highest peak of all time

Leading community commentator, “YourPOP,” has declared that the Shiba Inu is poised to reach the highest peak of all time, saying that the new peak is “already programmed.”

Shiba Inu (SHIB) hasn’t shown a dramatic surge since December, when its price hit a multi-month high of $0.00003329. However, the price subsequently lost most of its gains and is currently trading around the $0.000013 region.

At the time of writing, Shiba Inu is trading at $0.00001323, which represents a gain of 0.86% in the last seven days.

The Shiba Inu is still down 85% from its previous highest peak, which was recorded on October 28, 2021.

Although many within the community have lost faith that SHIB will reach new highs, YourPOP has revived investor optimism with his bullish post on X.

Shiba Inu Programmed to Reach New ATH

Shiba Inu Is Programmed to Reach New All-Time High Peak (ATH) Again This Year

Shiba Inu Is Programmed to Reach New All-Time High Peak (ATH) Again This Year https://t.co/3967w7Q79Z via @NewsChain__

— YourPOP (@YourPOP__) August 28, 2023

Members of the Shiba Inu community highlighted that the new all-time high peak (ATH) is “already programmed” for SHIB. This suggests that the project’s ecosystem efforts may accelerate the next rally towards the new peak.

Indeed, the Shiba Inu development team has launched various ecosystem initiatives to go beyond its origins as a meme coin.

Some of the ecosystem projects include SHIB: The Metaverse, ShibaSwap, games (such as Shiba Eternity and Agent Shiboshi), and Shibarium.

Development Efforts to Encourage SHIB

Launched in August 2023, Shibarium is a Layer 2 (L2) scale solution that increases speed and reduces transaction fees on the Ethereum blockchain, which hosts Shiba Inu projects.

This L2 blockchain actively burns SHIB by using a portion of the user’s transaction to be clocked into the burning process. Although the transaction is initially earned in BONE, it is then converted into SHIB and sent to the dead wallet.

The team automated the combustion process powered by Shibarium last August after the launch of Shib Torch. Since the launch of Shibarium, more than 56 billion SHIBs have been permanently removed from the total supply.

Many fans expect this process to burn more tokens as adoption increases.

As previously reported, the team rolled out a new update for Shibarium to improve SHIB burning. This update ensures that every user interaction, including exchange, staking, and liquidity provision, will automatically burn SHIBs in real-time.

This development aims to increase the SHIB’s scarcity and encourage its adoption, which might create conditions for a large price spike to an unprecedented level.

Can SHIB Reach New ATH in 2025?

Meanwhile, most crypto enthusiasts believe that SHIB could register a new all-time high (ATH) peak of at least $0.0001 this cycle.

Last year, Forbes editors predicted that the price of a Shiba Inu could be in the range of $0.0001 to $0.0003 before the end of 2025.

Similarly, popular charting expert Eunice Wong shared a similar prediction, estimating that SHIB could reach an ATH of $0.000125 this cycle.

Although the journey to the new peak remains challenging, it remains to be seen to what extent SHIB will reach its peak this season.