Shiba Inu (SHIB) is following the market downtrend. The dog-themed crypto has lost significant momentum over the last few days. SHIB’s price is down 2.4% in the daily charts, 0.6% in the weekly charts, 22.2% in the 14-day charts, and 11% over the previous month. The popular cryptocurrency has maintained some gains in the yearly charts, rallying 108.4% since late December 2023.
Also Read: Does Youtube TV have the History Channel?
Why Is Shiba Inu Dipping?
SHIB’s latest correction is likely due to Bitcoin (BTC) falling below $100,000. BTC’s price faced a correction after inflation in the US rose to 2.7%. The Federal Reserve took a hawkish stance in its latest FOMC meeting. The Fed announced only two interest rate cuts for 2025 instead of three.
SHIB, being a memecoin, has more risks than other assets. Investors may be weary about pouring funds into risky assets after the Fed’s announcement.
Also Read: Top 2 Tech Stocks to Buy in 2025? ADBE and META Lead the Way
When Will The Coin Reclaim Its All-Time High?
Shiba Inu (SHIB) is currently down by nearly 75% from its all-time high of $0.00008616. The asset peaked in October 2021 during the market-wide bull run.
According to Changelly, SHIB could surge to a new all-time high in 2027, about three years from now. The platform anticipates SHIB to hit a potential maximum price of $0.0001229877 in 2027. Hitting $0.0001229877 from current price levels will translate to a rally of about 464.68%.
Also Read: Chainlink: LINK Up 53% This Year as January Preps Record-Breaking 2025
Telegaon presents a more bullish outlook for Shiba Inu (SHIB). The platform anticipates the asset to hit a new all-time high in 2026, about two years from now. Telegaon predicts SHIB to hit a potential maximum price of $0.0000943 in 2026. Hitting $0.0000943 from current price levels will entail a rally of nearly 333%.
SHIB could rise to a new all-time in 2025, given the crypto market experiences a bullish outbreak.
Credit: Source link
