The Shiba Inu (SHIB) market was on a rollercoaster ride throughout the year. The meme coin saw a nearly 200% rise during the first quarter of 2024.
However, the second quarter was dull for the meme coin, as the asset dipped by 44%. The third quarter wasn’t that great either. With this quarter ending, SHIB has dropped by 24%.
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Market Trends, Analyst Predictions, And Future Price Projections
It looks like Shiba Inu has continued its bearish trend. At press time, SHIB was trading at $0.00001313, following a 3.41% dip over the past 24 hours. Despite the reasonably good start to the year, SHIB had a rough fall throughout the past couple of months.
Investors hope to witness a trend change either in the final quarter of the year or even next year in 2025.
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How High Can Shiba Inu Surge In 2025?
Changelly revealed that based on a review of Shiba Inu pricing from prior years, the lowest projected price for a Shiba Inu will be around $0.0000489951 in 2025. This is much higher than what SHIB is trading at the moment.
The highest SHIB price that might be anticipated is around $0.000059994. The meme coin is currently 356% below this level. In 2025, the average trade price might be $0.000049995.
This surge is much needed for Shiba Inu holders, as 53% of them were seen drowning in losses. According to IntoTheBlock, only 44% of the asset’s holders are making money at the meme coin’s current price.
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In addition, the network’s advancements could also help boost the price of cryptocurrency.
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