The cryptocurrency industry has witnessed the arrival of a plethora of meme coins. However, none have had a bigger impact on the market than Shiba Inu (SHIB). The meme coin has been making headlines since its inception for a variety of reasons. While it started out with its ability to create millionaires and billionaires, the focus has now shifted to SHIBâs utility. But is SHIBâs popularity enough to drive its price?
Shiba Inu Recent Performance and Future Predictions
Shiba Inu started the week on a fairly good note. The asset witnessed a 7% spike on Monday. But the meme coinâs bullish streak was halted when SHIB plunged to a low of $0.00001721 from a high of $0.00001858. This marked a 6.43% drop in the last 24 hours. At the time of publishing, SHIB was trading at a low of $0.00001725.
Can SHIB strike gold in 2025?
Various predictions are emerging in the Shiba Inu market, including openly optimistic to pessimistic scenarios. For example, Changelly believes that SHIB will rise to a peak price of $0.000059994 in 2025.
Telegaon, on the other hand, had a more optimistic prediction for SHIB. According to the company, Shiba Inu will rise to $0.0000728 in the next year.
ChatGPT SHIB Predictions 2025
ChatGPT has listed three possible price points that SHIB could reach by 2025. However, several factors such as market sentiment, adoption, use cases, and burning mechanisms will come into play. The conservative estimate for Shiba Inu would be a moderate price increase, which would place the asset around the $0.00005 to $0.0001 range.
According to ChatGPT, the most optimistic case for Shiba Inu would be $0.0002 to $0.0005. The chatbot also revealed an âextremely optimisticâ scenario.
