Shiba Inu (SHIB), a popular meme coin, is currently trading at a 90% decrease from its all-time high. Many are wondering if it can regain its former glory in the next bull market. ChatGPT believes multiple factors will determine this possibility, including market sentiment, regulatory stances of major countries, and macroeconomic factors such as interest rates and economic growth.
Shiba Inu's adoption and utility will also play an important role in its potential resurgence. Technological advancements, such as the recently announced Shibarium layer-two scaling solution, can contribute to its value. However, competition from new or existing coins may draw attention and capital away from SHIB. Overall, numerous factors will influence SHIB's performance in the next crypto bull market.