Over its five-year history kriptovalyuta Shiba Inu (SHIB) has experienced both enormous highs and deep lows. In the months following its launch in August 2020, the price of the meme-themed token, dedicated to Shiba Inu dogs, rose by millions of percent, reaching an all-time high of $0,00008616 in October 2021.
Since its peak in 2021, SHIB’s price has fallen significantly, declining more than 91% from its all-time high. Consequently, SHIB’s market capitalization has also plummeted.
If the project was once among the top 15 crypto assets by market capitalization, today Shiba Inu (SHIB) is ranked 36th. According to CoinGecko, SHIB’s price has fallen more than 66% since December 2024.
SHIB price change over the year. Data from CoinGecko
Price trajectory Shiba Inu (SHIB) is heavily dependent on Bitcoin (BTC). The first kriptovalyuta While BTC is the market leader, other assets are also unlikely to grow unless BTC demonstrates growth. BTC’s trajectory, in turn, depends on macroeconomic factors.
Economic uncertainty has had a negative impact on the crypto market. Investors may be shifting their funds to safe-haven assets like gold and silver. The rise in gold and silver prices to new all-time highs has signaled that market participants are adopting a more cautious stance on risk.
Considering that memecoin Shiba Inu (SHIB) carries one of the highest risks among cryptocurrency assets, and the SHIB price will continue to struggle in the coming months. However, the situation may improve as macroeconomic conditions improve.