Shiba Inu (SHIB) has fallen to the $0.000007 price point, a level last traded at in November 2024. SHIB’s ongoing price dip follows the larger market trend. Bitcoin (BTC) recently fell to the $82,000 level, pulling the entire crypto market with it. According to CoinGecko data, SHIB has risen by 0.9% in the last 24 hours, but is trading in the red zone in the other time frames. The popular crypto is down 11.4% in the weekly charts, 20.4% in the 14-day charts, 21.2% in the monthly charts, and 70.2% since November 2024. SHIB’s price has also fallen by more than 90% from its all-time high of $0.00008616, which it attained in October 2021. Let’s discuss how much longer investors would need to wait for Shiba Inu (SHIB) to rally again.
When Will Shiba Inu’s Price Rally?
Shiba Inu (SHIB) is following the market-wide correction. The crypto market faced one of its most significant liquidations in recent memory over the last month. The market crash was likely due to macroeconomic uncertainty. Slow economic growth and rising inflation have led to diminished chances of another interest rate cut in 2025. The lack of chances of another rate cut has led to a substantial rise in investor worry. Market participants are taking a risk-averse position, distancing themselves from risky assets, such as Shiba Inu (SHIB) and other cryptocurrencies.
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Shiba Inu (SHIB) will likely not rebound until the larger global economy cools down. Risky assets will likely continue to slump unless macroeconomic conditions improve. Although investors may buy the dip, leading to some price relief, we may not enter another bull market in the coming months. The Federal Reserve may announce another interest rate cut in early 2026, which may ease some strain. Shiba Inu (SHIB) could benefit under such circumstances.
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