Shiba Inu Burn Pushes SHIB Price Above $0.00003, Analyst Predicts Some Zeros Will Decrease by 2025

While expectations for Shiba Inu were low in November, overshadowed by the larger coin Dogecoin and the disappointing "Uptober" coin, SHIB price appears to have returned to levels in line with bullish forecasts until 2025. This token has made a significant advancement with a 20.97% increase today, bringing SHIB back into focus and setting high expectations for December, surpassing last month's 84.81% increase. Indeed, Shiba Inu has risen to the top position in the meme cryptocurrency space, with trading volume currently increasing by 325%, reaching nearly $6.5 billion. SHIB Price Analysis: Can Shiba Inu Lose Another 0 by 2025? According to a recent post by renowned analyst Oscar Ramos on X, the 400% increase in SHIB and the valuation of $0.00003 is just the beginning. The analyst emphasizes that market conditions are favorable for SHIB. He notes that the token continues to maintain strong support despite recent market fluctuations.

These supports have formed a flag pattern, with today's breakthrough being the peak. Fully realized, the short-term price target for the pattern is $0.000035, up 8.76% from the current price. However, the Relative Strength Index (RSI) is at 80, indicating an overbought condition, increasing the likelihood of a correction. Taking a broader view, Ramos notes that while Dogecoin maintains a market capitalization of $22 billion, SHIB's $10 billion valuation indicates growth potential based on historical patterns. During the remaining time of 2024, he warned not to expect a break of the unchanged level within the next 60 days. The analyst sees this as a more realistic target for 2025. However, technical strength combined with upcoming market catalysts, including FOMC meetings and CPI data, sets the stage for another potential price hike. This Early Opportunity Could Be a Better Drama Although the recent SHIB price increase is undoubtedly very attractive, it is the new meme coins that are leading the upward trend in this cycle. When the 'super meme money cycle' psychology appears and currencies like $ACT and $Pnut suddenly become popular, strategic investors are looking for newer meme currencies with low market capitalization and high potential. Among them, Catslap ($SLAP) stands out as a formidable competitor to Popcat, Mogcat, and Mew. Catslap is more than just an ordinary meme coin; it's an addictive game experience that calls on its owners to compete, click to boost their country's score, and boost rankings on Slapometer. This is closely related to what analyst Murad Mahmudov noted about the shift towards a "moving coin" model ready to reshape the cryptocurrency context. Meme coins focused on this community have the potential for exponential growth, forming a strong ideology and deep participation. One thing that can be noted for its immediate success, accumulating a market capitalization of $26.5 million to date! And the profit doesn't stop there. $SLAP also brings passive income opportunities, providing 40% APY for investors who have placed bets. While the market is weak amid the recent volatility of Bitcoin, Catslap investors have achieved stable profits!