Shiba Inu (SHIB) has always been one of the most talked about cryptocurrencies, capturing the hearts of many with its playful theme and ambitious goals. But recently, SHIB’s price has fallen sharply, leaving investors wondering: will it fall to zero or soar to a new all-time high? In this Shiba Inu price forecast In this article, we’ll cover the latest trends, key factors influencing the price of SHIB, and what could be next for this popular meme coin.
How has the Shiba Inu (SHIB) price changed recently?
Shiba Inu (SHIB) is currently valued at $0.00002150, with a 24-hour trading volume of $713.06 million. The company’s market capitalization is $12.67 billion, giving it a market dominance of 0.38%. Over the past 24 hours, the SHIB price has decreased by 1.10%.
The token reached its all-time high of $0.00008819 on October 28, 2021, and its all-time low was recorded on November 28, 2020 at $0.0000000005637. Since its peak, the lowest price SHIB has seen was $0.000005821, and the highest bounce since that point was $0.00004501. Market sentiment on SHIB is currently bearish, even though the Fear and Greed Index shows a score of 74, indicating “greed”.
Shiba Inus have 589.26 trillion SHIB in circulation, just short of the maximum amount of 589.74 trillion. Over the past year, its supply has declined by SHIB 44.79 billion, reflecting an annual deflation rate of -0.01%.
Shiba Inu Price Forecast: Will SHIB Drop To 0 Soon Or Will There Be A NEW ATH?
Shiba Inu (SHIB) is evolving from its meme coin into a vibrant ecosystem, and Shitoshi Kusama, the leading representative, is at the forefront of this transformation. Kusama’s leadership and vision have played a significant role in shaping the narrative of the SHIB ecosystem, and his recent announcement of the upcoming release of the TREAT token highlights the strategic direction of the project.
TREAT is not just another addition to the ecosystem – it is positioned as a critical component that can redefine the future of SHIB by focusing on governance, liquidity and innovation. Kusama’s emphasis on TREAT as a “passport” to the SHIB ecosystem reflects the project’s commitment to community participation and long-term sustainability.
By offering governance capabilities and maintaining the liquidity of SHI, the planned stablecoin, TREAT highlights the ecosystem’s commitment to providing stability and empowering its users. This deliberate approach, led by Kusama’s management, aims to move beyond the speculative hype and create a stronger foundation for SHIB’s growth.
Under Shitoshi Kusama’s leadership, SHIB’s price is less likely to fall to zero as ecosystem growth and strong community support provide a buffer against such a scenario. However, the potential for achieving a new all-time high (ATH) depends on several factors:
- Kusama’s vision and execution: Kusama’s ability to deliver on his promises, such as the successful implementation of TREAT and SHI, will be a deciding factor. His track record and communication have maintained community interest so far, but tangible results will determine market confidence.
- Impact of TREAT on the ecosystem: As Kusama describes, TREAT is a deliberate move to strengthen the SHIB ecosystem. If it successfully integrates governance, liquidity and innovation, it could attract new users and investors, leading to an increase in the price of SHIB.
- Community and Market Sentiment: Kusama’s leadership has created a strong and loyal community that remains an important asset. However, crypto market sentiment and macroeconomic factors will greatly influence SHIB’s trajectory.
- Development of Shibarium and the Metaverse: Kusama’s involvement in projects such as SHIB: The Metaverse and Shibarium could also boost investor confidence if these initiatives show clear progress and usefulness.
Shiba Inu (SHIB) has shown resilience and growth over the past year, with its price up an impressive 104%, outpacing 73% of the top 100 cryptocurrencies. These strong performances, coupled with token trading above the 200-day simple moving average (SMA), indicate an overall bullish long-term trend.
Although SHIB’s price is down 76% from its all-time high, it has shown strong recovery signals, with 15 green trading days last month, or 50% of the time, and strong liquidity relative to its market capitalization. These metrics show that SHIB remains a strong contender in the cryptocurrency space, even despite market volatility.
A key factor supporting SHIB’s stability is its negative annual inflation rate of -0.01%, indicating a slight deflationary trend that reduces circulating supply over time. This, coupled with trading above the 200-day SMA and strong community participation, strengthens its potential for further growth.
Thus, SHIB is unlikely to collapse to zero due to its strong market structure, liquidity, and strong community support. However, achieving a new ATH will require significant progress in ecosystem development, decisive implementation of initiatives such as TREAT, and favorable market conditions. While current performance is promising, the path to ATH depends on both domestic growth and external market dynamics.
