Shiba Inu at a Tipping Point: 3 Bullish Reasons to Buy Before the Next Rally

The meme coin that refused to die is flashing buy signals again.

Shiba Inu (SHIB), the self-proclaimed "Dogecoin killer," has defied skeptics through multiple market cycles. Now, technicals and on-chain metrics suggest another breakout could be imminent.

The burn rate just went parabolic

SHIB's deflationary mechanism incinerated 410% more tokens last week—a deliberate scarcity play that's finally gaining traction.

Whales are accumulating

On-chain data shows addresses holding 10B+ SHIB added another 12% to their positions in August. When the big players move, retail usually follows.

The Shibarium effect

Layer-2 adoption hit record highs this month, slashing transaction fees to pennies. More utility means less reliance on pure meme status—though let's be real, this is still crypto casino money at its finest.

Will SHIB 10x again? Probably not. Could it outperform Bitcoin this quarter? Don't bet your rent—but maybe your beer money.

Best Time to Buy Shiba Inu Could Be Now

Shiba Inu is known for its dramatic price spurts when the bull run kicks off. It also soars in price whenever a major development occurs in the cryptocurrency market. For example, SHIB skyrocketed 280% in March 2024 on the heels of the Bitcoin halving event. It then dipped in price just a week after the Bitcoin halving.

Another example is Trump’s electoral victory in November 2024, which pushed its price to rise 175%. SHIB then went south a week later and entered the bearish territory. It then briefly surged in value a day before Trump’s inauguration in January but failed to hold on to its momentum.

The lesson learnt here is that: Buy Shiba Inu when its price is low and wait for sporadic events. It would spike unexpectedly in an upcoming situation, and it’s best to sell when it soars in value. Wait for it to fall again, and repeat the situation to make hay when SHIB shines, whenever it does. Note that Shiba Inu is only a fun meme coin and has no underlying value. So it’s best to treat it that way.