Popular Shiba Inu community analyst “YourPOP” has reignited optimism within the SHIB ($0.00) army, boldly stating that a new all-time high (ATH) for SHIB is not only possible but inevitable. In a recent post on X, he claimed that Shiba Inu’s ATH is “programmed,” suggesting that the token’s long-term fundamentals are aligning for a breakout.

Although SHIB has not experienced a major rally since its surge in December 2023 to $0.00003329, the sentiment within the community is shifting once again. Since losing most of its December gains, SHIB has hovered around the $0.000013 price level. At the time of writing, the token trades at $0.00001331, up 3.13% in the last 24 hours and 1.50% over the past week.

Despite remaining nearly 85% below its all-time high from October 28, 2021, the renewed bullish narrative surrounding Shiba Inu could set the stage for another price explosion.

SHIB’s Ecosystem Developments Fuel Optimism

One of the key drivers behind YourPOP’s prediction lies in Shiba Inu’s ongoing transformation from a meme token into a robust blockchain ecosystem. The development team continues to expand its utility with projects like SHIB: The Metaverse, ShibaSwap, and gaming titles such as Shiba Eternity and Agent Shiboshi. These projects aim to attract long-term users and developers, distancing SHIB from its meme origins.

Perhaps the most pivotal advancement is Shibarium, the project’s Layer 2 blockchain that launched in August 2023. Designed to operate on top of Ethereum, Shibarium aims to improve scalability, reduce transaction fees, and accelerate adoption. However, its real influence comes from its SHIB-burning mechanism.

Shibarium Burns Add Deflationary Pressure

Unlike many meme coins that suffer from inflationary tokenomics, Shibarium introduces a powerful deflationary model. Each transaction on the network, whether a swap, stake, or liquidity provision, triggers an automatic burn of SHIB tokens. While users pay fees in BONE, the protocol converts these into SHIB and sends them to a dead wallet, effectively removing them from circulation.

Since its inception, Shibarium has permanently burned over 56 billion SHIB tokens, with more expected to be burned as adoption increases. In August 2024, the team released Shib Torch, a tool that automated the burning process, ensuring seamless integration with user activities across the ecosystem.

The most recent Shibarium upgrade has further optimised this burn mechanism. It now ensures that every user interaction contributes directly to SHIB’s scarcity. This combination of real-time burns and expanded ecosystem functionality could lay the groundwork for a sustained price rally.

Related article: Shiba Inu Transforms DeFi Toolkit with Real-Time Token Burns

Price Predictions Signal a Bullish 2025

Looking ahead, speculation about SHIB’s future price remains rampant. Analysts and financial media continue to issue bullish projections. In a 2024 forecast, Forbes editors predicted that SHIB could reach between $0.0001 and $0.0003 by the end of 2025.

Crypto chartist Eunice Wong echoed similar sentiments, forecasting an ATH of $0.000125 this market cycle. While reaching such levels may require significant market momentum and broader bullish sentiment, Shiba Inu’s consistent development and deflationary model provide a strong foundation.

Will SHIB Break Records Again?

Although the path to a new all-time high remains uncertain, the combination of ecosystem innovation, deflationary tokenomics, and increased community engagement presents a compelling case for bullish momentum. If the current development pace continues, SHIB could defy its critics and climb to new heights. With voices like YourPOP calling the next ATH “programmed,” investors and enthusiasts alike are watching closely to see whether Shiba Inu can reclaim its former glory—and possibly exceed it.

The post Shiba Inu’s New ATH “Programmed,” Says Analyst as Ecosystem Growth Sparks Optimism appeared first on FXcrypto News.