The world of meme coins is evolving rapidly, with new entrants capturing investor attention almost daily. Amid this whirlwind of innovation and speculation, Shiba Inu (SHIB)—once the breakout star of the 2021 bull run—has been struggling to keep pace. While newer meme tokens like FARTCOIN and PEPE have surged in value, SHIB has lagged behind, raising a critical question: Can Shiba Inu reclaim its dominance as its burn rate spikes by an astonishing 22,000%?
Recent on-chain data suggests a shift may be underway. Despite lackluster price performance, key network metrics are flashing bullish signals that could position SHIB for a strong comeback.
A Surge in SHIB Burns and User Activity
Although the current SHIB price sits at $0.000013—a 2% drop amid broader market corrections following Bitcoin’s dip below $96,000—underlying fundamentals tell a different story. According to Shibburn, over 27 million SHIB tokens were burned in the last 24 hours alone, with one wallet single-handedly eliminating more than 15 million from circulation.
This dramatic increase in token burns is directly tied to rising network activity. When users interact with the Shiba Inu ecosystem—transferring tokens, using decentralized applications (dApps), or participating in staking—they pay gas fees in SHIB, which are then permanently removed from supply. As a result, higher usage naturally accelerates the burn rate.
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Data from Santiment confirms growing engagement: the number of active SHIB addresses over the past seven days reached 23,014, the highest level since late February. This spike in user activity strengthens the argument for a potential price rebound, especially if it continues over the coming weeks.
Can SHIB Outperform New Meme Coins?
In recent months, speculative capital has flowed toward newer meme coins promising rapid gains. For example:
- FARTCOIN surged 196% in one month
- PEPE rose 23%
- Meanwhile, SHIB gained just 9%
This trend reflects traders’ appetite for high-risk, high-reward plays. However, newer meme coins often lack the infrastructure, community size, and exchange listings that established projects like Shiba Inu enjoy.
Moreover, older meme coins tend to be less volatile and more resilient during market downturns. If newer projects begin to show signs of weakening momentum—as many do after initial hype fades—investors may rotate back into proven assets like SHIB.
Analysts are already noting early signs of a reversal. With both burn rate and active addresses climbing, SHIB could be laying the groundwork for a sustainable rally. If these metrics hold steady or improve further, Shiba Inu may not only compete with new entrants but potentially outperform them in the medium term.
Technical Outlook: Is a Bullish Breakout Imminent?
From a technical perspective, Shiba Inu is showing promising signs on the weekly chart. The price has begun breaking out of a descending parallel channel, a pattern typically associated with weakening bearish pressure. A confirmed breakout could signal the start of a new upward trend.
However, for this bullish scenario to materialize, SHIB must first overcome a key resistance level at $0.0000173. Clearing this threshold would create a "higher high," confirming a structural shift from bearish to bullish market dynamics.
Another crucial indicator is the Relative Strength Index (RSI). For the uptrend to gain momentum, buy-side pressure needs to push the RSI above 50, signaling growing bullish dominance. Once achieved, the path could open toward major resistance targets at $0.000035** and eventually **$0.000045.
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On the downside, failure to close decisively above the descending trendline could lead to a retest of support near $0.0000108. Yet even in this scenario, sustained high levels of user activity and token burning could cushion the fall and set the stage for a faster recovery.
Core Keywords Driving SHIB’s Narrative
Understanding SHIB’s current trajectory requires focusing on several core keywords that define its market presence:
- Shiba Inu price
- SHIB burn rate
- meme coins
- SHIB price prediction
- active address count
- token burn
- crypto market trends
- SHIB technical analysis
These terms reflect both investor interest and search intent, making them essential for SEO optimization and content relevance. When naturally integrated into discussions about network health, price action, and market competition, they enhance visibility without compromising readability.
Frequently Asked Questions (FAQs)
Can Shiba Inu compete with new meme coins?
Yes—provided its fundamentals remain strong. Rising burn rates and increasing user activity suggest growing demand. If these trends continue, capital could rotate back from speculative newcomers to more established players like SHIB.
Why is the SHIB burn rate increasing?
The burn rate rises when more users interact with the Shiba Inu network, paying transaction fees in SHIB that are permanently removed from circulation. Higher activity = more burns = reduced supply = potential upward price pressure.
What does active address count indicate for SHIB?
Active addresses measure real network usage. A rising count signals growing adoption and engagement, which often precedes price increases. The recent jump to 23,014 weekly active addresses is a positive development.
What price can SHIB reach if bullish momentum builds?
If SHIB breaks above $0.0000173 and maintains momentum, analysts suggest a move toward $0.000035–$0.000045 is possible. Long-term targets depend on sustained burns, ecosystem growth, and overall crypto market conditions.
Is Shiba Inu still relevant amid new meme coin launches?
Absolutely. While newer coins generate short-term buzz, SHIB benefits from a massive community, listings on top exchanges like OKX, and an expanding ecosystem including ShibaSwap and Shibarium.
How reliable are SHIB price predictions?
Predictions should be treated as informed estimates based on technicals and on-chain data—not guarantees. Always combine analysis with personal research and risk management before investing.
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Final Thoughts: Resilience Over Hype
While newer meme coins dominate headlines with explosive gains, Shiba Inu is quietly rebuilding strength through fundamentals. The 22,000% surge in burn rate and rebound in active users are not flash-in-the-pan events—they’re indicators of renewed network vitality.
For investors focused on long-term potential rather than fleeting hype, SHIB presents a compelling opportunity. With technical indicators turning favorable and core metrics improving, the second-largest meme coin may be poised for a powerful resurgence.
As always, market conditions can change rapidly. Monitoring burn rates, active addresses, and key price levels will be essential in determining whether Shiba Inu can once again lead the meme coin revolution—not through noise, but through sustained utility and community-driven growth.