Shiba Inu Price Forecast: 1,682% Burn Increase Sparks Optimism – Is SHIB Set to Overtake Dogecoin?

Shiba Inu (SHIB) is gaining momentum once more as traders shift their focus to altcoins in anticipation of a possible change in U.S. interest rates, leading to renewed optimistic price forecasts for Shiba Inu.

The well-known meme cryptocurrency has already increased by over 6% this week, with its deflationary tokenomics and favorable macroeconomic conditions creating an ideal environment for further growth.

BREAKING: Standard Chartered now predicts the Fed will reduce rates by 50 basis points next week following disappointing U.S. employment data. pic.twitter.com/91qU9BlC5u

— Cointelegraph (@Cointelegraph) September 8, 2025

Current market expectations indicate a 100% probability of a U.S. interest rate cut in just 8 days, with a baseline forecast of 75 basis points before the end of the year, potentially driving new interest in risk assets such as SHIB.

SHIB Burn Rate Surges by 1,682%

Increased activity within the Shibarium ecosystem has propelled its burn mechanism into high gear, with a remarkable 1,682% increase noted during trading on Monday.

HOURLY SHIB UPDATE$SHIB Price: $0.00001275 (1hr 0.23% ▲ | 24hr 3.03% ▲ )
Market Cap: $7,512,899,669 (3.08% ▲)
Total Supply: 589,247,710,448,375
TOKENS BURNT
Past 24Hrs: 1,243,742 (1681.76% ▲)
Past 7 Days: 21,264,933 (204.25% ▲)

— Shibburn (@shibburn) September 8, 2025

As reported by Shibburn X, nearly 1.25 million SHIB were eliminated from circulation within a 24-hour timeframe, bringing the weekly total to over 21 million.

This increase signifies more than just token scarcity; it highlights the rising demand for SHIB and BONE, which serve as utility tokens facilitating transactions and applications on Shibarium.

Data from DefiLlama shows growth in the ecosystem, with total value locked (TVL) rising by 3.8% over the last three weeks to reach 1.6 million.

Shibarium Total Value locked (TVL). Source: DefiLlama.

This represents a pivotal moment following months of decline, positioning Shiba Inu for a potential rally as rate cuts enhance risk-on sentiment.

Shiba Inu Price Analysis: Is SHIB Set to Compete with Dogecoin?

Shiba Inu may soon narrow the gap with Dogecoin as it approaches a retest of a symmetrical triangle that has confined SHIB in consolidation since its peak in mid-May.

SHIB // USD 1-day chart, symmetrical triangle pattern. Source: TradingView.

With its lower support confirmed as a launchpad and momentum indicators turning bullish, focus now shifts to upper resistance around $0.000014.

The RSI has established a solid position above the neutral line at 55, suggesting that buyers are driving the current market movement.

The MACD line has also formed a golden cross, exceeding the signal line with its widest margin since early August, indicating the possibility of a sustained upward trend.

A confirmed breakout would pave the way to reclaim the triangle’s high near $0.0000175, with a final target of $0.000025 for a potential 95% gain.

However, to genuinely challenge Dogecoin, SHIB would need to amplify its rally by 365% to reach $0.000060.

This trajectory remains uncertain. While Dogecoin is poised for deeper integration into traditional finance through corporate treasuries and potential spot ETFs, Shiba Inu has yet to achieve similar levels of adoption.

In a market cycle led by institutions, DOGE’s head start may enable it to maintain its status as the leading meme coin. Nevertheless, SHIB has the potential for growth as the bull market evolves alongside ongoing ecosystem expansion.

The Next Doge Runner May Be Emerging, and You’re Early

Every bull market features a few tokens that surge in value as the community rallies behind them, and few coins generate as much social momentum as those associated with the Doge brand.

We have witnessed this previously: Dogecoin in 2021, followed by Shiba Inu, Floki, Bonk, Dogwifhat, Neiro, and most recently Dowge. Each significant bull run introduces its own doge-themed contender.

This time, speculators are setting their sights on Maxi Doge ($MAXI) as the next candidate for a parabolic rise.

Maxi Doge embodies a no-utility philosophy wrapped in gym-culture satire and trader culture. It represents more than just another Dogecoin; it is a lifestyle asset.

The community is already gaining substantial momentum. The $MAXI presale has raised nearly $2 million, with early investors securing a 162% staking APY that rewards the initial wave of participants.

To invest:

• Visit the official Maxi Doge website
• Connect your wallet (Best Wallet is fully supported)
• You can use crypto or even a bank card to purchase $MAXI.

Don’t miss your chance for early entry.

You can follow Maxi Doge on X (formerly Twitter) and Telegram.

Visit the Official Website Here

The post Shiba Inu Price Prediction: 1,682% Burn Surge Ignites Bullish Frenzy – Can SHIB Flip Dogecoin? appeared first on Cryptonews.