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Shiba Inu (SHIB) Down 25% Year-to-date

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By Aggregated - see source on February 12, 2025 Altcoin
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Shiba Inu started 2025 on the back foot and is attracting bearish sentiments in the charts. It had surged around 180% last year when Trump reclaimed the White House in November. SHIB had reached a high of $0.00003284 in December last year but faced a price reversal thereon.

Also Read: Shiba Inu: SHIB Valentine’s Day Price Prediction

shiba inu shib $0.00001597
Source: Coingecko

Its price fell from $0.00003284 to $0.00001597 in just two months wiping away investors’ money in a jiffy. In the last two months, Shiba Inu had little to no price spurts despite Bitcoin hovering around the $96,000 to $100,000 mark. The broader cryptocurrency market has overall remained on the front foot this year except for SHIB.

Also Read: Bitcoin: Goldman Sachs Increases BTC ETF Holdings By 121%

Shiba Inu: A 25% Decline This Year

shiba inu countingshiba inu counting
Source: Watcher Guru

Shiba Inu has declined 25% year-to-date with investors taking heavy losses since January. Traders who took an entry position this year are all facing massive losses in 2025. The buying pressure remains stagnant and only a bull run could attract investors into its fold.

Also Read: Gold Hits New Peak, Peter Schiff Questions Bitcoin’s ‘Digital Gold’ Claims

shiba inu down 25% from year-to-date ytdshiba inu down 25% from year-to-date ytd
Source: TradingView

If SHIB declines further, it stands at a risk of adding an extra zero to the charts. For the uninitiated, Shiba Inu remained trading with five zeroes between 2022 to early 2024. It took a lot of effort to get back to trading with four zeroes after nearly two years.

Also Read: Ripple: Grayscale’s XRP ETF May Gain Approval As Early As Thursday This Week

The dog-themed token reached an all-time high of $0.00008616 in October 2021 and is unable to reclaim its previous glory. It is down nearly 81.5% from its all-time high and is yet to breach its ATH in over three years. Only investors who took an early entry position in SHIB made stellar profits with the token.

Read here to know how a blue-collar worker made millions by investing early in SHIB. The trader, who worked as a truck driver took home millions by merely investing $650 into the token and made life-changing gains in less than a year.

Credit: Source link

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