The cryptocurrency industry has seen the emergence of a plethora of meme coins. However, no coin has had a greater impact on the market than Shiba Inu (SHIB). Since its inception, this meme coin has made headlines for a number of reasons. While it was initially known for its ability to create millionaires and billionaires, attention has now shifted to SHIB’s usefulness. But is SHIB’s popularity enough to drive its price higher?

Shiba Inu's recent performance and future forecast

Shiba Inu had a great start to the week. On Monday, the asset surged 7%. But the meme token’s hot momentum was interrupted as SHIB plunged from a high of $0.00001858 to a low of $0.00001721. This marks a 6.43% drop in the past 24 hours. At press time, SHIB is trading at a low of $0.00001725.

Will SHIB be a big success in 2025?

Several predictions have emerged for the Shiba Inu market, including both clearly bullish and bearish scenarios. For example, Changelly believes that SHIB will rise to a maximum price of $0.000059994 in 2025.

On the other hand, Telegaon’s forecast for SHIB is more optimistic. According to the company, the price of Shiba Inu will rise to $0.0000728 in the coming year.

ChatGPT's prediction for SHIB in 2025

ChatGPT lists three price points that SHIB could reach by 2025. However, several factors such as market sentiment, adoption, use cases, and the burning mechanism will come into play. A conservative estimate for Shiba Inu is a modest price increase that would place the asset in the $0.00005 to $0.0001 range.

According to ChatGPT, a more optimistic scenario for the Shiba Inu is $0.0002 to $0.0005. The chatbot also revealed an “extremely optimistic” scenario.