By April 10, 2025, Shiba Inu (SHIB), a prominent meme coin, is generating buzz for a potential 42% bull rally following its ability to avoid a significant price drop, often referred to as “dodging a new zero.” This analysis explores the basis for this prediction, the supporting market factors, and the broader context, drawing from recent articles and market data.
Shiba Inu (SHIB) emerged as a meme coin inspired by Dogecoin, gaining popularity through its vibrant community, the “Shib Army,” and ecosystem developments like ShibaSwap and Shibarium. As of April 10, 2025, SHIB is trading at approximately $0.000011, according to recent reports, and has shown resilience by maintaining key support levels despite market volatility. The concept of “dodging a new zero” refers to avoiding a price drop that would add an additional zero to its decimal places, such as dropping from $0.000011 to $0.000001, which would significantly devalue the token.
Recent analyses, such as the article from u.today dated April 10, 2025, suggest that SHIB is teasing a 42% bull rally, potentially reaching $0.000017. This prediction is set against a backdrop of global economic events, including U.S. tariff policy shifts, which have influenced cryptocurrency markets. Other sources, like thecryptobasic.com and benzinga.com, provide additional insights into factors that could drive SHIB’s price, offering a comprehensive view of its potential.
Basis for the 42% Bull Rally Prediction
The prediction of a 42% bull rally stems from the u.today article, which outlines two scenarios for SHIB’s future performance:
- Conservative Scenario: SHIB could stabilize in the range of $0.0000125 to $0.00001433, ensuring it doesn’t add a new zero and accumulates at the lowest support. This range would represent a moderate increase from the current $0.000011, potentially around 13% to 30%.
- Bullish Scenario: The more daring option is for SHIB to “rocket right to the next major price point at $0.000017, which is 42% above the current price.” This target suggests significant growth, aligning with bullish market sentiment.
However, a calculation based on the current price of $0.000011 to $0.000017 shows a percentage increase of approximately 54.55% ((($0.000017 – $0.000011) / $0.000011) * 100), which differs from the 42% mentioned. This discrepancy might be due to rounding, a different reference price, or a typo in the article. For instance, if the reference price was $0.000012 (within the conservative range), the increase to $0.000017 would be (( $0.000017 – $0.000012 ) / $0.000012 ) * 100 ≈ 41.67%, closer to 42%. Given the article’s context, it seems likely that the 42% figure is based on a specific price point, possibly a recent low or adjusted support level.
The article also notes that SHIB recently slipped to $0.00001 before jumping 12% after a U.S. tariff policy shift, indicating sensitivity to macroeconomic events. This resilience, combined with the crypto market’s strength despite the U.S. stock market’s worst opening since 1987 (“Black Monday”), supports the bullish outlook.
Supporting Market Factors
Several factors, detailed in other sources, could contribute to SHIB’s potential rally:
- Whale Accumulation: Large holders, including prominent figures like Justin Sun, have been accumulating SHIB during price dips. Thecryptobasic.com reports that Justin Sun bought 577 billion SHIB from Binance, signaling confidence from major investors. This whale activity suggests that large holders might be gearing up for an imminent rally, as accumulation often precedes price increases.
- Increased Address Profitability: According to thecryptobasic.com, the profitability metric for SHIB addresses surged from 24% to 25.42%. This increase means more SHIB holders are now in profit, which could encourage further buying and holding, reducing selling pressure and supporting price growth.
- Uptick in Burn Rate: The same source highlights that over 410.7 trillion SHIB tokens have been burned, reducing the circulating supply. This deflationary mechanism could increase SHIB’s value, as scarcity often drives prices up. The article also mentions that the burn rate is expected to spike with the launch of the Shibarium burn portal, ready for testnet deployment, further supporting potential price appreciation.
- Growing Social Media Activity: Thecryptobasic.com notes strong community engagement through likes, retweets, and comments, boosting adoption. The “Shib Army” remains a key driver, with social media presence potentially fueling investor interest and market momentum.
These factors align with the bullish scenario outlined in u.today, providing a foundation for the 42% rally prediction, even if the exact percentage calculation needs clarification.
