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- Crypto analyst Davinci Jeremie sees potential in Shiba Inu but stresses that Shibarium’s lack of adoption hinders its growth.
- Shiba Inu’s burn rate surged 3253%, reducing supply, but its price rally depends on real-world Shibarium applications.
Crypto analyst and educator Davinci Jeremie has weighed in on Shiba Inu’s potential, offering an optimistic take on the token’s trajectory. While SHIB has been stuck in a bearish pattern, he believes it could still surge—but only if a critical problem gets resolved.
Shiba Inu to the Moon!! 2025 🚀🤑
Shiba Inu has huge potential, but Shibarium could be the key to its future. pic.twitter.com/YgMD84a3I5
— Davinci Jeremie (@Davincij15) March 7, 2025
Shiba Inu has recently faced significant turbulence, plunging to $0.00001286. The token is down 4.36% over the past 24 hours, 7.77% for the week, and a staggering 19.66% in the last 30 days. The token is about 25% down from its mid-February high of $0.00001712 and 60% down from its early December high of $0.00003293.
Despite that bleak backdrop, Jeremie remains hopeful, suggesting SHIB could see a strong cycle ahead. However, he tempers expectations, explaining:
“I like Shiba Inu, as you know, and I think Shiba Inu is going to do relatively well in this cycle, but it may not go as high as you expect.”
One Critical Hurdle Stands in the Way — Can Shiba Inu Skyrocket?
Jeremie highlights the launch of Shibarium, Shiba Inu’s Layer 2 solution, as a game-changer. Shibarium was designed to offer low-cost transactions and support a variety of applications, making SHIB more functional. The issue? Jeremie says:
“nobody is using it, and there’s no applications for using your tokens on Shibarium yet.”
This presents a major hurdle. If developers can introduce real-world applications that utilize Shibarium and SHIB for transactions, the crypto expert believes the token could experience a significant price increase. “If they get that solved, Shiba Inu will go to the moon,” he stated.
In response, the Shiba Inu team has taken steps to expand Shibarium’s use. The ecosystem recently secured a partnership with Chainlink, integrating its Cross-Chain Interoperability Protocol (CCIP). This move enhances accessibility for SHIB, BONE, LEASH, and TREAT tokens, potentially driving adoption.
Shiba Inu Burn Rate Skyrockets 3253%
Adding fuel to speculation of an upcoming rally, the latest data from Shibburn reveals an astonishing 3253% surge in SHIB’s burn rate over the past 24 hours. This led to 29.32 million tokens being permanently removed from circulation, shrinking the overall supply.
The burning process plays a crucial role in Shiba Inu’s tokenomics. Supply diminishes by reducing the number of circulating tokens, creating conditions for a potential price increase if demand rises. Market observers have pointed out that Shiba Inu’s total supply has now decreased to 584.34 trillion coins, with an astounding 410.74 trillion burned to date.
March alone has seen roughly 76 million SHIB tokens removed from circulation as the first-week ends. If this aggressive burn trend continues, investor optimism could climb, potentially fueling the next major price surge.
While the fundamentals are improving, the question remains—will SHIB’s price respond? Shibarium’s adoption still lags, leaving a key ingredient for a breakout missing. The team’s efforts, including partnerships and decentralized application development, could catalyze a turnaround.
