Shiba Inu (SHIB) seems to be following a downward trend in the crypto market recently, losing its previous popularity. Over the past few days, this dog-themed cryptocurrency has performed poorly, with a daily chart decline of 2.4% and a slight weekly drop of 0.6%. More concerning is the 22.2% drop over the past 14 days, along with an 11% decline over the past month. Although Shiba Inu still retains some gains in the annual chart, having surged 108.4% since the end of December 2023, the current trend undoubtedly worries many investors.
Why does the Shiba Inu need a bath?
The latest pullback of SHIB may be due to Bitcoin (BTC) dropping below $100,000. After the inflation rate in the U.S. rose to 2.7%, BTC's price faced a pullback. The Federal Reserve took a hawkish stance in the latest FOMC meeting. The Fed announced only two rate cuts in 2025 instead of three.
As a memecoin, SHIB carries greater risks compared to other assets. After the Fed announced this news, investors may feel cautious about putting funds into risk assets.
When can the token regain its all-time high?
Shiba Inu (SHIB) is currently down nearly 75% from its all-time high of $0.00008616. This asset peaked during the market bull run in October 2021.
According to the latest prediction from Changelly, SHIB has a promising future! It is expected that by 2027, SHIB's price will soar to a historic high of $0.0001229877. This potential peak price indicates an astonishing increase of about 464.68% from the current price level!
Telegaon shows strong optimism for the future of Shiba Inu (SHIB). According to their predictions, this popular crypto asset is expected to create new historical highs in 2026, with a target price of $0.0000943. Considering the current price level, this means SHIB could achieve an astonishing increase of nearly 333%!
If the cryptocurrency market experiences a bull market explosion, SHIB could reach a new all-time high in 2025.