Key Takeaways
Does Shiba Inu have any positives during this time of market gloom?
Steady burn rate and network-wide SHIB accumulation are some positives for holders.
Is the $0.01-price target achievable?
Shiba Inu might hit the 1-cent price target, even though this possibility may be remote.
Shiba Inu [SHIB] was trading at $0.0000105, at the time of writing, around 0.1% of the 1-cent price target bulls hope to achieve one day. This 1000x rally appears impossible in the current crypto cycle, which might only have a few more months left to run higher before turning towards a bear market.
The popularity of memecoins has been questionable in 2025, after the sector posted gigantic gains towards the end of 2024. The memecoin market cap expanded to $24.27 billion in December 2024. However, it has been forced to fall to 8.7 billion in the months since.
A $0.01 price target for SHIB, with its supply of 589.5 trillion tokens, would take the market cap of SHIB alone to a whopping $6 trillion. At press time, the altcoin market cap was only $1.53 trillion.
Shiba Inu investors need to watch out for THIS to happen
Shiba Inu’s burn mechanism is continuing to function though.
This month, 36.222 million Shiba Inu tokens were burnt, and the tracker data revealed a 324% hike in the amount of SHIB burnt daily. This may sound impressive, but it only amounted to $362 burnt this month – Less than a drop in the ocean.
Source: Santiment
The mean coin age has been trending higher since June. This could be an encouraging sign, underlining network-wide accumulation. The steady trend, without quick drops in the MCA, means long-term holders have continued to HODL. Despite the volatility in recent months and especially last week.
However, the daily active addresses growth appeared muted, apart from a huge uptick in activity earlier in October. The network growth, which measures the number of new addresses created on the network each day, has slowed down too.
The memecoin market tends to explode when the market is firmly bullish, verging on euphoria. Sustained Bitcoin [BTC] and Dogecoin [DOGE] rallies tend to spur confidence in altcoins. And, DOGE’s performance can turn heads to the other large-cap memes.
Source: SHIB/USDT on TradingView
The range that Shiba Inu has traded within in 2025 has not been broken yet. The lwos at $0.0000105 were under siege, at the time of writing. A bearish breakdown might make any rally more difficult in the coming weeks and months. The vital levels within the range would have become supply zones.
As things stand, it is unclear if SHIB can even reach its all-time high of $0.000088 by the end of 2025. Holders shouldn’t be too hopeful of a $0.01 price tag, even a decade later.