As meme coins are in a downward trend, the Shiba Inu (SHIB) ecosystem is aligning with the rest of the market. It appears that most assets in the industry are ending the year at a loss. The world's largest cryptocurrency, Bitcoin (BTC), has fallen below the $100,000 mark. Within this context, SHIB and other tokens are also struggling. Will SHIB continue this trend or will it open a new chapter in January 2025?
Shiba Inu price decline: Will it rebound?
As of the time of writing, the trading price of Shiba Inu is $0.00002167. It has decreased by 2.23% in the past 24 hours. The monthly return rate of this meme coin remains at a negative 20%. Meanwhile, the annual return for this asset is 106%. Over the past year, this meme coin peaked at $0.00004534. Nevertheless, SHIB is still 75% lower than its historical high of $0.00008845.
This decline comes at a time when Shiba Inu's chief developer Shytoshi Kusama revealed a new development. In today's X post, Kusama highlighted the upcoming release of Lap Dogs. He stated that this game is another victory for the Web3 gaming industry. With the upcoming release of Lap Dogs, the Shiba Inu ecosystem team intends to expand the Web3 gaming market.
January price prediction
According to CoinCodex data, the expected trading price of Shiba Inu coin in 2025 will be 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 investment return of 327.75%. However, in the first month of the coming year, the highest trading price of Shiba Inu coin is expected to reach $0.00004582.
This marks a 110% increase in its price level compared to the current level. Additionally, the average and minimum prices of SHIB in January 2025 are expected to be $0.00002564 and $0.00001999, respectively.
