- SHIB trades near the 0.000008 range as market weakness and fading hype weigh on momentum.
- October’s record liquidation event set off a multi-month downtrend across crypto.
- A Fed rate cut could spark renewed risk-taking, giving SHIB a chance to delete a zero soon.
Shiba Inu has spent the past month stuck below the 0.00001 mark, struggling to regain upward momentum as broader crypto weakness drags on sentiment. The token continues to consolidate around the 0.000008 level, reflecting a prolonged downtrend that has erased more than 67 percent of its value since December 2024. With hype cooling around the memecoin sector and SHIB relying heavily on social buzz, the decline in online activity has added another layer of pressure.
Broader Market Conditions Are Weighing Heavily on Memecoins
The wider crypto market has been under bearish conditions since October’s historic single-day liquidation event, which marked one of the sharpest corrections in years. This weakness extended through December, limiting speculative inflows into high-risk assets like SHIB. As a memecoin, Shiba Inu depends on sentiment-driven rallies, and the current environment has made it difficult for retail traders to push prices higher.
Could SHIB Finally Delete a Zero After the Fed’s Rate Decision?
Despite recent stagnation, SHIB may soon see a shift in momentum. The Federal Reserve is widely expected to cut interest rates after today’s FOMC meeting, a move that historically encourages risk-on behavior. Lower rates often push investors toward speculative assets, and memecoins tend to benefit the most during periods of renewed appetite for volatility. If market sentiment improves and inflows return to the sector, SHIB could finally build the momentum needed to delete a zero from its price.
