- Shiba Inu Struggles Amid Market Downturn: SHIB has dropped over 65% since March 2024, reflecting broader market struggles, as trade wars and economic uncertainty weigh heavily on investor sentiment.
- Optimistic vs. Pessimistic Forecasts: While analyst TheHunters_Company predicts a 531% upside to $0.00007380, CoinCodex forecasts SHIB could lose another zero, with a potential drop to $0.000009971 by June 2025.
- Critical Months Ahead: SHIB’s future hinges on macroeconomic shifts—if trade tensions ease and risk appetite returns, SHIB could rebound, but escalating tensions could push the meme coin lower.
The year started with a bang—Bitcoin (BTC) surged to new highs in January, sparking a wave of optimism across the market. But just as quickly as the excitement built up, it fizzled out. BTC lost its momentum, sending the broader market into a tailspin. And with that, the hope that had been growing at the start of the year seemed to evaporate.
Shiba Inu (SHIB) wasn’t spared from this decline. Once a top performer among meme coins, it’s now deeply in the red. The numbers don’t lie—SHIB has dropped 6.1% in a single day, 7.9% over the week, 13.9% in two weeks, and a massive 28.7% in the past month. Since March 2024, it’s lost an eye-watering 65.8% of its value. And this plunge is no surprise, given the ongoing struggles across the crypto market.
Macro Forces at Play
The broader economic environment isn’t doing SHIB any favors. Recently, things took a sharp turn for the worse with a renewed trade war. The U.S. slapped tariffs on the European Union (EU), and of course, the EU wasn’t going to take it lying down, vowing retaliation. And just when it seemed like things couldn’t get worse, the U.S. extended tariffs to Canada and Mexico.
Markets, predictably, reacted fast. Investors started pulling back, risk appetite plummeted, and SHIB—already struggling—took another dive. Meme coins like Shiba Inu thrive on volatility. The upside is fast, but the downside is brutal. Unfortunately, SHIB seems to be trapped in this relentless cycle.
The Global Landscape
Things aren’t looking great on the global front either. The U.S. Federal Reserve isn’t budging on rate cuts, inflation is still hanging around, and signs of stress are popping up in the labor market. All of this has left investors hesitant and cautious. As for SHIB, it’s clearly feeling the effects. The meme coin has shed more than 65% of its value since March 2024. So, what does the future hold for Shiba Inu?
Can Shiba Inu Reach $0.00007380?
Crypto analyst TheHunters_Company has a hopeful outlook. Using Fibonacci projections, they believe SHIB has the potential to hit $0.00007380 in the long term. If true, that would mean an eye-popping 531% rally from its current price.
However, not everyone shares this optimism. CoinCodex paints a much gloomier picture. They forecast SHIB could lose another zero in the next few weeks, with a price target of $0.000009971 by June 8, 2025—a further 15% drop from where it stands today.
The Road Ahead
The crypto market is at a critical juncture. If macroeconomic conditions improve—say, if trade tensions ease and risk appetite returns—SHIB could get a second wind. But if the trade wars intensify and the global economy continues to struggle, SHIB and other high-risk assets are in for more pain.
In the coming months, we’ll see if SHIB can find its footing again. The future of this meme coin largely depends on the broader economic shift. Until then, its fate hangs in the balance.
