{"id":25272,"date":"2025-05-05T18:16:53","date_gmt":"2025-05-05T18:16:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25272"},"modified":"2025-05-05T18:16:53","modified_gmt":"2025-05-05T18:16:53","slug":"3-reasons-why-shiba-inu-shib-could-be-on-the-verge-of-a-price-rally","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25272","title":{"rendered":"3 Reasons Why Shiba Inu (SHIB) Could be on the Verge of a Price Rally"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li class=\"\" data-start=\"58\" data-end=\"269\">\n<p class=\"\" data-start=\"60\" data-end=\"269\">A substantial surge in token burning and rising activity on Shibarium suggest renewed momentum could be building for Shiba Inu\u2019s native token.<\/p>\n<\/li>\n<li class=\"\" data-start=\"270\" data-end=\"490\">\n<p class=\"\" data-start=\"272\" data-end=\"490\">Additionally, recent exchange outflows signal SHIB holders are shifting to self-custody, which supposedly reduces short-term selling pressure.<\/p>\n<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/SHIB_CB-13.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-394970\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/SHIB_CB-13.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/SHIB_CB-13.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/SHIB_CB-13-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/SHIB_CB-13-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/SHIB_CB-13-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/SHIB_CB-13-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>Time for a New Surge?<\/h2>\n<p><span data-preserver-spaces=\"true\">The second-largest meme coin witnessed a solid price increase towards the end of April, when the entire cryptocurrency market recorded a substantial revival. However, in the past week, Shiba Inu (SHIB) has slipped by almost 10%, currently trading at approximately $0.0000127 (per CoinGecko\u2019s data).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Certain factors<\/span><span data-preserver-spaces=\"true\">, though,<\/span><span data-preserver-spaces=\"true\"> suggest that a new pump might soon replace the downtrend.<\/span><span data-preserver-spaces=\"true\"> The burn rate, for instance, has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/shibburn\/status\/1919331277955629222\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">soared<\/span><\/a><span data-preserver-spaces=\"true\"> by over 300% in the past week, resulting in more than 300 million tokens sent to a null address.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While the USD equivalent of the destroyed stash remains insignificant, continuous efforts in that field will make SHIB more scarce and possibly more valuable. It is important to note that this scenario will require demand to head north or at least remain at current levels.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Shiba Inu introduced the burning mechanism in 2022. Since then, the team and community have <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.shibburn.com\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">scorched<\/span><\/a><span data-preserver-spaces=\"true\"> over 410 trillion tokens, leaving around 584.4 trillion in circulation.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Shibarium may also contribute to a potential price expansion for the self-proclaimed Dogecoin killer. The layer-2 scaling solution is specifically designed to advance the Shiba Inu ecosystem, and since its launch, it has reached multiple milestones. Most recently, the total number of addresses that have interacted with the protocol <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/200000000-shiba-inus-shibarium-blasts-through-another-key-milestone\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">surged<\/span><\/a><span data-preserver-spaces=\"true\"> past 200 million.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Daily transactions on the network have been in the millions in<\/span><span data-preserver-spaces=\"true\"> the past several weeks, signaling strong user engagement. <\/span><span data-preserver-spaces=\"true\">Among<\/span><span data-preserver-spaces=\"true\"> the industry participants who believe the further development of Shibarium could positively impact the price of SHIB <\/span><span data-preserver-spaces=\"true\">is the popular Bitcoin advocate <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/shiba-inu-shib-to-the-moon-but-under-this-crucial-condition-bitcoin-advocate-weighs-in\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">Jeremie Davinci<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h2>Exchange Outflows<\/h2>\n<p><span data-preserver-spaces=\"true\">Last but not least, we will examine Shiba Inu\u2019s exchange netflow. Data from CryptoQuant shows that i<\/span><span data-preserver-spaces=\"true\">n<\/span><span data-preserver-spaces=\"true\"> the last three days<\/span><span data-preserver-spaces=\"true\">, outflows have surpassed inflows<\/span><span data-preserver-spaces=\"true\">, indicating that investors may be moving their holdings off centralized platforms and into self-custody solutions.<\/span> <span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\">, in turn, reduces the immediate selling pressure.\u00a0<\/span><\/p>\n<figure id=\"attachment_395018\" aria-describedby=\"caption-attachment-395018\" style=\"width: 1280px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/photo_2025-05-05_17-21-58.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-395018\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/photo_2025-05-05_17-21-58.jpg\" alt=\"SHIB Exchange Outflows. Source: CryptoQuant\" width=\"1280\" height=\"512\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/photo_2025-05-05_17-21-58.jpg 1280w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/photo_2025-05-05_17-21-58-300x120.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/photo_2025-05-05_17-21-58-1024x410.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/photo_2025-05-05_17-21-58-768x307.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/photo_2025-05-05_17-21-58-50x20.jpg 50w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\"><\/a><figcaption id=\"caption-attachment-395018\" class=\"wp-caption-text\">SHIB Exchange Outflows. Source: CryptoQuant<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The trend contrasts with what was observed at the end of last month, when inflows dominated from April 22 to April 29. This is usually considered a bearish factor since it increases selling pressure. Interestingly, it was during this particular period that SHIB reached its local peak before heading south after April 26.\u00a0<\/span><\/p>\n<p>As a bonus, we would like to refer you to a previous article, which showed that t<span data-preserver-spaces=\"true\">he AI-powered chatbot ChatGPT is also bullish on the asset, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/5-altcoins-set-to-explode-before-bitcoins-next-bull-run-chatgpt-predicts\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">estimating<\/span><\/a><span data-preserver-spaces=\"true\"> that it \u201cis positioned to ride the next wave.\u201d\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/3-reasons-why-shiba-inu-shib-could-be-on-the-verge-of-a-price-rally\/\" rel=\"nofollow\">3 Reasons Why Shiba Inu (SHIB) Could be on the Verge of a Price Rally<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR A substantial surge in token burning and rising activity on Shibarium suggest renewed momentum could be building for Shiba Inu\u2019s native token. Additionally, recent exchange outflows signal SHIB holders are shifting to self-custody, which supposedly reduces short-term selling pressure. Time for a New Surge? The second-largest meme coin witnessed a solid price increase towards [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25272","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25272"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25272\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}