Will Shiba Inu Coin Reach $1 by April 2025? Shiba Inu News Highlights Analyst’s Bold Shiba Inu Price Prediction as SHIB Burn Rate Surges – Shiba Inu Coin News and Shiba Inu News Today

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/PlutoChain/ – Shiba Inu Coin (SHIB) saw its burn rate jump 42% on Christmas Day, destroying over 7 million tokens in just 24 hours.

This spike revived talks about SHIB reaching $1 by April 2025.

At the same time, the Shiba Inu ecosystem grows with Shibarium progress and big investors making bold moves, which could lift the community’s hopes.

A new project could also be on the rise – PlutoChain ($PLUTO).

This Layer-2 solution might enhance Bitcoin’s blockchain with smart contracts and decentralized apps, which may unlock new possibilities for the network. PlutoChain has gained significant traction in its presale, surpassing 2 million tokens sold.

Let’s go through the deets.

Can Shiba Inu Coin Hit $1 by April 2025? Bold Predictions as SHIB Burn Rate Soars

As of December 28, 2024, SHIB is trading at approximately $0.00002214. This price reflects a modest increase over the past 24 hours, which indicates relative stability in the market.

The primary resistance levels are at $0.0000222, $0.0000229, and $0.0000233, while support levels are at $0.0000211, $0.0000207, and $0.0000200.

These levels suggest that SHIB is currently testing its immediate resistance, and a successful breach could signal a bullish trend.

Additionally, SHIB has recently tested the $0.000026 resistance level, becoming overbought with an RSI exceeding 75, leading to a pullback due to profit-taking.

In a recent tweet, Javon Marks highlights bullish signals for Shiba Inu ($SHIB), suggesting the coin could continue its upward momentum towards $0.000081.

He predicts a significant rise, with the possibility of SHIB seeing more than a 3.33x increase, marking a 234% climb.

While SHIB has demonstrated resilience and growth potential, reaching $1 by April 2025 would require an unprecedented increase, far exceeding current forecasts.

Given the current price of approximately $0.0000221, achieving $1 would require a surge of over 4,500,000%.

Could PlutoChain Be the Key to Adding Smart Contracts on Bitcoin and Upgrading Its Functionalities?

PlutoChain ($PLUTO) is introducing a Layer-2 solution designed to enhance Bitcoin’s blockchain by enabling smart contracts and dApps on its secure network.

Bitcoin’s 10-minute block time has hindered its ability to support these advanced features, making faster blockchains like Ethereum and Solana more appealing.

PlutoChain might be the key to resolving this by processing transactions in just 2 seconds on its own chain.

This could allow developers to leverage Bitcoin’s secure, decentralized network to create new applications, expanding its potential and impact within the blockchain space.

With its testnet already processing over 43,000 transactions daily, it demonstrates impressive scalability and readiness for real-world use.

Another feature is its community governance model, allowing users to vote on protocol updates, ensuring that the network remains decentralized and aligned with community needs.

The platform has also earned trust through three successful audits from reputable firms like SolidProof, QuillAudits, and Assure DeFi.

Furthermore, PlutoChain’s compatibility with Ethereum’s Virtual Machine (EVM) combines Bitcoin’s security with Ethereum’s flexibility, potentially paving the way for new opportunities in DeFi, NFTs, and AI.

The Bottom Line

Shiba Inu is growing at a steady pace, but a $1 milestone by April may be a bit too overambitious considering its current momentum.

At the same time, there is PlutoChain, a Layer-2 solution that could integrate smart contracts and decentralized apps into Bitcoin, and break the limitations of the current blockchain.

PlutoChain’s ability to process transactions faster and more efficiently could open the door for developers to build innovative projects.

With the mainnet launch coming soon, it may be worth keeping an eye on how it develops.

This article does not offer financial advice. Cryptocurrencies can be unpredictable and carry risks. It is important to conduct thorough research before acquiring any crypto asset. Forward-looking statements carry risks and are not guaranteed to be updated.

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