Predicting Shiba Inu Price: Will SHIB Price Drop to 0?

Shiba Inu, one of the most popular meme coins in the cryptocurrency world, has recently faced a significant drop in value. After reaching its peak, the price of SHIB has plummeted by 40%, surprising and worrying investors. What has caused this sudden collapse? Is this just a temporary decline or could it be a sign of deeper trouble for SHIB? In this Shiba Inu price prediction article, we will explore the reasons behind this sharp decline and its implications for the future of this beloved meme coin. How Has the Price of Shiba Inu Changed Recently?

The current price of Shiba Inu (SHIB) is $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%. In the past 24 hours, the price of SHIB has increased by 1.82%. Shiba Inu reached its all-time high of $0.00008819 on October 28, 2021, while its all-time low was recorded on November 28, 2020, at $0.00005637. Since reaching the peak, the lowest price SHIB has dropped to is $0.000055821 (the lowest in the cycle), while the highest price since then is $0.00004501 (the highest in the cycle). Currently, the market sentiment around SHIB is pessimistic, and the Fear & Greed Index shows a level of 73, reflecting 'Greed'. The circulating supply of Shiba Inu is 589.26 trillion SHIB out of a total maximum supply of 589.74 trillion. The annual inflation rate of the circulating supply is -0.01%, meaning that 62.47 billion SHIB has been removed from circulation in the past year. Predicting Shiba Inu price: Will the SHIB price drop to 0? Shiba Inu (SHIB) has undergone a significant 40% decline since reaching its peak in December, hitting a crucial long-term support level. Traditionally, such support zones often act as psychological barriers for traders, where buying activity could stabilize prices or trigger a recovery. However, the question remains: will the price of SHIB recover or could it drop to the 0 level? Large trading volume and activity of whales : In the past 24 hours, SHIB has witnessed a significant increase of 41.39% in trading volume, amounting to $76.48 million in capital inflow. Whale activities at this scale often indicate strategic buying, typically at discounted prices. Such actions demonstrate the confidence of large investors in the future of the token. Assuming a cash flow of $76.48 million leads to a price increase of 1.82%, then each $1 million cash flow corresponds to a price increase of 0.0238% ($76.48 million ÷ 1.82%). If the whale's activity maintains a similar cash flow, this trend could contribute to an additional 0.166% price increase per day (assuming a $10 million cash flow per day), supporting price stability.

The expansion plan of Shiba Inu's social platform and DeFi demonstrates a focus on utility. Because DeFi tokens often increase in value when the platform innovates or expands, this could attract both retail investors and institutions. For example: The successful expansion of the platform can increase the total locked value (TVL) of SHIB, potentially leading to a 10%-15% price recovery over the next few months. The increasing adoption of DeFi services can drive demand for SHIB, counteracting selling pressure and reducing the potential for sharp price declines. Recovery potential of the support area : Technical analysis shows that the current price of SHIB is in line with the main support zone that has previously triggered a recovery. If the price holds at this level, the likelihood of a collapse will decrease to zero. However, breaking this support level could lead to further decline to 0.0000005000. Short-term fluctuations: If whale activity continues and the overall sentiment of the cryptocurrency market remains stable, SHIB could consolidate between $0.000005000 and $0.000008000 in the next month. This range reflects the resistance levels formed in previous price recovery waves. Mid-term scenario (2024): With the expected ecosystem updates, the price of SHIB may attract attention again. If the updates promote the adoption of DeFi and enhance the utility of the token, SHIB may reclaim the $0.00003 range, equivalent to a 32% price increase from the current level. Long-term scenario (2025): Analysts forecast that the Shiba Inu ecosystem will experience a significant increase in early 2025 and believe that this token could challenge its all-time high of $0.00008819. Assuming a conservative growth rate of 15% per quarter, the price of SHIB could reach around $0.000045 by early 2025—just over 50% compared to its previous ATH. Can SHIB completely collapse? While speculative assets like SHIB carry inherent risks, the possibility of collapsing to 0 seems very unlikely in the near future: Whale support: The influx of $76.48 million into shows confidence from large investors. Ecosystem expansion: Plans to develop social platform and DeFi bring utility, encourage adoption. Market sentiment: As long as SHIB maintains trading volume and positive development, the value of this stock may sustain above key support levels. Therefore, the short-term performance of SHIB depends on the continuous operation of whales and ecosystem updates. Although risks still exist, the combination of strong community support, developer activity, and broader market recovery could drive SHIB price increases in the medium to long term, making the possibility of falling to 0 impossible. DYOR! #Write2Win #Write&Earn $SHIB {spot}(SHIBUSDT)