Shiba Inu (SHIB) Breaks Free from Downtrend
Shiba Inu (SHIB), one of the most well-known meme coins, has finally broken free from a discouraging three-month downtrend that began at the start of the year. Furthermore, Crypto News Flash (CNF) previously described that Shiba Inu shows strong bullish momentum, boosted by Shibarium’s growth.
According to market reports, after dropping 10% in January, plummeting 26% in February, and sliding another 11% in March, April marked a critical reversal. The token posted a gain of over 5.6% during the month, offering a much-needed morale boost for SHIB investors.
This positive signal prompted a recent tweet by Shib Woof, inviting investors to not underestimate the capability of SHIB to make a breakthrough,
NEVER UNDERESTIMATE$SHIB
— SHIB WOOF! (@ShibInfo) May 1, 2025
This positive shift also pushed SHIB’s market cap back above $8 billion, earning it a spot once again among the top 15 cryptocurrencies by valuation. This recovery, though modest, signals growing optimism heading into Q2 2025.
Community Efforts Fuel Optimism
One major contributor to SHIB’s renewed strength is the aggressive token-burning strategy by the community. In April alone, over 280 million SHIB tokens were burned, helping reduce the massive circulating supply and potentially setting the stage for upward price movement.
Not to mention that, as CNF highlighted, Shiba Inu’s Shibarium DApp Store launched on April 24 with over 1,200 decentralized applications, surpassing 1 billion transactions on Shiba Inu. Attention is shifting back to Shibarium, SHIB’s Layer-2 blockchain, which promises faster, cheaper transactions and new utility within the Shiba ecosystem.
Price Projections and Market Sentiment
Market watchers are cautiously bullish. One analyst recently set a short-term price target of $0.000023 for SHIB in May, banking on continued burns and ecosystem growth. Broader 2025 projections vary, with some predicting a potential climb toward $0.000040–$0.000060 by year-end, assuming crypto markets maintain a favorable trajectory.
Still, SHIB’s performance will likely hinge on overall market trends, especially movements in Bitcoin and Ethereum, which often steer sentiment in altcoins.
SHIB Price Today and Market Conditions
Following a recent forecast in the CNF report, SHIB price forecast for Q2 2025. As of now, Shiba Inu is trading at $0.00001346, up slightly by 0.010% on the day. It boasts a market cap of approximately $7.44 billion and a 24-hour trading volume of $198.9 million, according to CoinMarketCap. See SHIB price chart below.