Shiba Inu (SHIB) Faces Challenges, Will It Experience a Rebound in 2025?
As meme coins continue to decline, the Shiba Inu (SHIB) ecosystem is also in line with other parts of the market. It seems that most assets in the industry are facing losses by the end of the year. The world's largest cryptocurrency, Bitcoin (BTC), has fallen below the $100,000 mark. Against this backdrop, SHIB and other tokens are also encountering difficulties.
As of now, the trading price of Shiba Inu is $0.00002167, down 2.23% in the past 24 hours. The monthly return rate of this meme coin remains at a negative 20%. Meanwhile, the asset's annual return is 106%. Over the past year, this meme coin reached a peak of $0.00004534. However, SHIB is currently still 75% lower than its historical high of $0.00008845.
In light of this decline, Shiba Inu network's chief developer, Shytoshi Kusama, revealed a new development. He mentioned in today's X post about the upcoming Lap Dogs and stated that this game will bring new success to the Web3 gaming industry. With the release of Lap Dogs, the Shiba Inu ecosystem team plans to further expand into the Web3 gaming market.
According to data from CoinCodex, it is projected that by 2025, the trading price of Shiba Inu will range between $0.00001782 and $0.00009306, with an average annual price of $0.00003609. Compared to the current exchange rate, this could yield a potential return on investment of 327.75%.
Additionally, it is expected that in the first month of the coming year, the highest trading price of Shiba Inu will reach $0.00004582, up 110% from the current level. At the same time, the average price and the lowest price of SHIB in January 2025 are projected to be $0.00002564 and $0.00001999, respectively.
