Shiba Inu Price Prediction: Will SHIB Price Crash to 0?
Shiba Inu (SHIB) , one of the most popular meme coins in the crypto world, recently faced a big drop in its value. After reaching its range high, SHIB's price tumbled by 40%, leaving investors surprised and worried. What caused this sudden crash? Is it just a temporary dip, or could it be a sign of deeper trouble for SHIB? In this Shiba Inu price prediction article, we’ll explore what led to this sharp decline and what it means for the future of this beloved meme coin.
How has the Shiba Inu (SHIB) Price Moved Recently?
SHIB/USD Daily Chart- TradingViewThe current price of Shiba Inu (SHIB) stands at $0.00002275 , with a 24-hour trading volume of $3.83 billion. Its market capitalization is $13.40 billion, giving it a market dominance of 0.39%. Over the past 24 hours, SHIB’s price has risen by 1.82%.
Shiba Inu achieved its all-time high of $0.00008819 on October 28, 2021, while its all-time low was recorded on November 28, 2020, at $0.0₁₀5637. Since reaching its peak, the lowest price SHIB has fallen to was $0.0₅5821 (cycle low), while its highest price since that point was $0.00004501 (cycle high). Currently, market sentiment around SHIB is bearish, and the Fear & Greed Index indicates a level of 73, reflecting "Greed."
Shiba Inu’s circulating supply is 589.26 trillion SHIB out of a maximum supply of 589.74 trillion. The yearly supply inflation rate is -0.01%, meaning 62.47 billion SHIB were removed from circulation in the past year.
Shiba Inu Price Prediction: Will SHIB Price Crash to 0?
Shiba Inu (SHIB) has experienced a notable 40% drop since reaching its December highs, landing at a critical long-term horizontal support level. Historically, such support zones often act as a psychological barrier for traders, where increased buying activity can stabilize prices or trigger a rebound. However, the question remains: will SHIB’s price recover, or could it crash to zero?
Large Transaction Volumes and Whale Activity:
Over the past 24 hours, SHIB has seen a 41.39% spike in large transaction volumes, accounting for $76.48 million in capital inflows. Whale activity at this scale typically indicates strategic buying, often at perceived discount prices. Such movements suggest confidence among major investors in the token's future.
- Assuming the $76.48 million inflow led to a 1.82% price increase, each $1 million inflow correlates roughly to a 0.0238% price rise ($76.48M ÷ 1.82%).
- If whale activity sustains similar inflows, a continuation of this trend over the next week could contribute an additional 0.166% daily price rise (assuming $10M inflow/day), supporting price stabilization.
Shiba Inu's plans to expand its social and DeFi platforms signal a focus on utility. Given that DeFi tokens typically rally when platforms innovate or expand, this could attract both retail and institutional investors. For instance:
- A successful platform expansion could elevate SHIB's total value locked (TVL), potentially leading to a 10%-15% price recovery within months.
- The increasing adoption of its DeFi services could boost demand for SHIB, counteracting sell pressure and reducing the likelihood of a price crash.
Support Zone Resilience:
Technical analysis shows that SHIB’s current price aligns with a key support zone that has historically triggered rebounds. If the price holds at this level, it reduces the probability of a crash to zero. However, a breach of this support could lead to further declines toward $0.0000005000.
Short-Term Movements:
If whale activity sustains and broader crypto market sentiment remains stable, SHIB could consolidate between $0.000005000 and $0.000008000 over the next month. This range reflects resistance levels formed during previous price rebounds.
Mid-Term Scenario (2024):
With anticipated ecosystem updates, SHIB's price could experience renewed interest. If the updates drive DeFi adoption and enhance token utility, SHIB could reclaim the $0.00003 range, representing a 32% price increase from its current levels.
Long-Term Scenario (2025):
Analysts forecasting a surge in Shiba Inu’s ecosystem by early 2025 believe the token could challenge its all-time high ($0.00008819). Assuming a conservative growth rate of 15% quarterly, SHIB's price could reach approximately $0.000045 by early 2025—just over 50% of its previous ATH.
Could SHIB Crash to Zero?
While speculative assets like SHIB carry inherent risks, a crash to zero seems highly unlikely in the near term:
- Whale Support: The $76.48 million in inflows shows confidence from large investors.
- Ecosystem Expansion: Plans for DeFi and social platform growth provide utility, encouraging adoption.
- Market Sentiment: As long as SHIB maintains trading volumes and active development, its value will likely remain above critical support zones.
So, SHIB's near-term performance hinges on sustained whale activity and ecosystem updates. While risks exist, the combination of strong community backing, developer activity, and broader market recovery could drive SHIB's price upward in the mid to long term, making a crash to zero improbable.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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