The Shiba Inu (SHIB) ecosystem is aligning with the rest of the market as this meme coin trends downward. It seems that most assets in the sector are ending the year in the red. Bitcoin (BTC), the largest cryptocurrency in the world, has dropped below the $100,000 mark. In this context, SHIB and other coins are also struggling. Will SHIB continue this trend or will it start a new chapter in January 2025?
Shiba Inu Price Decline: Will There Be a Recovery?
At the time of the press release, Shiba Inu was trading at $0.00002167. This follows a 2.23% decrease in the past 24 hours. The monthly gain of the meme coin remains at a negative 20%. Meanwhile, the annual gain of the asset is 106%. Over the past year, the meme coin surged to a high of $0.00004534. Nevertheless, SHIB is still 75% lower than its all-time high of $0.00008845.
This decline comes as Shytoshi Kusama, the lead developer of the Shiba Inu network, revealed a new development. Kusama highlighted the upcoming release of Lap Dogs in a post on X today. He stated that this game is another win for the Web3 gaming industry. With the upcoming release of Lap Dogs, the Shiba Inu ecosystem team intends to develop the Web3 gaming market.
January Price Prediction
According to CoinCodex, Shiba Inu is expected to trade within a range from $0.00001782 to $0.00009306 in 2025, with an annual average price of $0.00003609. Compared to the current price, this could yield a potential investment return of 327.75%. However, in the first month of next year, Shiba Inu is expected to trade at a maximum price of $0.00004582.
This marks a 110% increase over the current price. Additionally, the average and lowest prices that SHIB will trade at in January 2025 are expected to be $0.00002564 and $0.00001999, respectively.