- Shiba Inu’s price has declined significantly over the past year, experiencing a 65.6% drop since November 2024.
- The token’s value decreased by 6.1% in the last 24 hours and 19% over the last month.
- Market-wide liquidations of approximately $950 million in the past day have intensified the downward trend.
- Economic challenges, including slow growth, inflation, and recent jobs data, have contributed to increased market risk aversion.
- If the price falls to $0.000006, it may offer a potential entry point for investors, though a prolonged market downturn remains possible.
Shiba Inu (SHIB) has experienced a sharp decline in its price over recent months. The cryptocurrency’s value fell 6.1% in the last 24 hours and 11.7% over the past week, according to data from CoinGecko’s Shiba Inu page. Since November 2024, SHIB has dropped by 65.6%, moving from a peak to significantly lower levels.
The token previously reached $0.000032 in December of last year but has been losing ground since. Current trends suggest that the price might fall further, potentially reaching $0.000006, a level that was last seen in November 2023.
This decline aligns with a broader market correction. Data from CoinGlass reveals that nearly $950 million worth of liquidations occurred in the crypto market within the last 24 hours. Such large-scale sell-offs are often linked to macroeconomic issues like slow economic growth and rising inflation. Additionally, recent jobs data from September appears to have influenced market sentiment, causing investors to adopt a more cautious approach.
If Shiba Inu does reach the $0.000006 price point, it could represent a potential buying opportunity. There are expectations that economic conditions may improve in early 2026, possibly accompanied by interest rate cuts from the Federal Reserve. Such moves typically encourage investors to take on more risk.
However, there is also the possibility of a prolonged period of weak crypto market performance, known as a crypto winter, where the price might remain low and consolidate for an extended time.
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