- The cryptoanalyst Davinci Jeremie sees potential in Shiba Inu, but emphasizes that the lack of acceptance of Shibarium hinders its growth.
- Shiba Inu’s incineration rate has increased by 3253 %, which reduces the offer, but price recovery depends on the real applications of Shibarium.
The cryptoanalyst and educator DaVinci Jeremie has commented on Shiba Inu’s potential and offers an optimistic view of the course of the token. While Shib is stuck in a bearish pattern, he believes that it could still rise – but only if a critical problem is solved.
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 (@davinnij15) March 7, 2025
Shiba Inu has recently been exposed to considerable turbulence and crashed to $ 0.00001286. The token has dropped by 4.36 % in the last 24 hours, this week by 7.77 % and even 19.66 % in the last 30 days. The token is about 25 % below its high from mid -February $ 0.00001712 and 60 % below its high from the beginning of December at $ 0.00003293.
Despite this dark background, Jeremie remains hopeful and says that Shib could have a strong cycle in front of it. However, he dampens the expectations and explains:
“I like Shiba Inu, as you know, and I think that Shiba Inu will do relatively well in this cycle, but it may not be as high as you expect.”
Critical hurdle
Jeremie emphasizes the introduction of Shibarium, the L2 solution of Shiba Inu, as a turning point. Shibarium was developed to offer inexpensive transactions and support a variety of applications, which makes SHIB more functional. The problem? Jeremie says:
“Nobody uses it and there are still no applications for using their tokens on Shibarium.”
This is a big hurdle. If developers can introduce real applications that use Shibarium and Shib for transactions, the crypto expert believes that the token could experience a significant increase in price:
“If you can solve this, Shiba Inu will go through the ceiling.”
In response to this, the Shiba Inu team took steps to expand the use of Shibarium. A partnership with Chainlink was secured and integrated its cross-chain Interoperability Protocol CCIP. This step improves accessibility for Shib, bone, lash and treat tokens.
Shiba Inu Burn Rate shoots 3253%
Die Latest data From Shibburn, who heat speculations about an upcoming rally, show an astonishing increase in the Shib burning rate by 3253 % in the last 24 hours. This resulted in 29.32 million tokens being permanently pulled out of circulation and the overall offer shrank.
The combustion process plays a crucial role in the tokenomics of Shiba Inu. The offer is reduced by reducing the number of tokens in circulation, creating the conditions for a potential price increase when demand increases. Market observers have pointed out that the overall offer of Shiba Inu has now dropped to 584.34 trillion coins, although astonishing 410.74 trillion has been burned to date.
In March alone, around 76 million Shib tokens were pulled out of circulation by the end of the first week. If this aggressive burn trend continues, the optimism of the investors could increase and possibly trigger the next major price increase.
While the fundamental data improves, the question remains whether the price of Shib will react to it? The introduction of Shibarium is still lagging behind, so that a key component for an outbreak is missing. The team’s efforts, including partnerships and decentralized application development, could lead to a change.
