- Shiba Inu (SHIB) has declined over 70% since December 2024.
- Recent price drops include 1.1% in 24 hours and 11.2% in the last month.
- The crypto market struggles amid economic uncertainty and low demand.
- Barclays warns of a challenging year for crypto in 2026, citing weak trading volumes.
- Bernstein and Grayscale offer a more optimistic outlook for Bitcoin, which could impact Shiba Inu positively.
Shiba Inu (SHIB), a dog-themed cryptocurrency, reached a peak of approximately $0.000033 in December 2024 but has since experienced a significant decline. According to CoinGecko data, SHIB’s price fell by 1.1% in the past day, 3.4% over the last week, 11.2% in the last month, and over 70% since its December 2024 high.
Weak economic growth and broader macroeconomic uncertainties have suppressed the crypto market since October. Investors have shifted funds from riskier assets like Shiba Inu to traditional safe havens such as Gold and silver. Despite an interest rate cut earlier in December, market performance remained subdued due to reduced chances of additional rate cuts in 2026.
Barclays projects further difficulties for cryptocurrencies in 2026. It warns that low spot trading volumes and weak demand could drive prices down further, particularly for memecoins like Shiba Inu, which are vulnerable to such market conditions. This forecast suggests potential continued price corrections for SHIB.
In contrast, Bernstein and Grayscale present a more positive view of Bitcoin’s future. They suggest Bitcoin has passed its typical four-year cycle and could reach new all-time highs next year. Bernstein predicts Bitcoin could surpass $150,000 in 2026 and potentially hit $200,000 in 2027. Should Bitcoin achieve these milestones, Shiba Inu might experience renewed interest and price gains as a secondary effect.
This divergence in outlook highlights the varied perspectives within the crypto sector regarding 2026’s market trajectory. The performance of flagship cryptocurrencies like Bitcoin could influence altcoins like Shiba Inu significantly in the coming years.
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