The value of Shiba Inu (SHIB) registered a 30% decrease in the last month as the cryptocurrency demonstrated weak performance throughout January 2025. The total worth of SHIB amounts to $9 billion, and its present exchange rate is $0.000015. Despite its recent price devaluation, the market shows limited optimism about SHIB’s recovery.
A few traders continue to expect SHIB to recover even though it has recently experienced a price decline. The Shiba Inu community expands its ecosystem through development projects, including Shibarium, which boost transaction speed and decrease costs. The ongoing development of new projects by the Shiba Inu community shows the potential to stabilize SHIB’s market worth in the upcoming weeks.
Industry experts note that Shiba Inu’s price often mirrors broader trends in meme coins like Dogecoin and PEPE. While SHIB has struggled to regain momentum, its loyal following and recurring burn mechanisms keep hopes alive. Some experts think a recovery could align with positive sentiment returning to the crypto market by March 2025. Traders are closely watching key support levels, as a break below current prices might delay longer-term growth.
