Shiba Inu (SHIB) has made some recovery in the last few days but is still struggling to reclaim the $0.000005 price level. According to CoinGecko data, SHIB’s price has risen by 1.8% in the last 24 hours and 12.6% over the previous week, but is trading in the red zone in the other time frames. With SHIB struggling to gain steam, let’s discuss why a recovery to its highs could take years.
Is A Shiba Inu Recovery Years Away?
Shiba Inu (SHIB) has been on a downward trajectory over the last few years. The asset hit an all-time high of $0.00008616 in October 2026, but has since fallen by more than 94%. SHIB managed to climb to $0.000032 in December 2024 when Bitcoin (BTC) hit $100,000 for the first time. However, SHIB has been on a dive since. The asset is currently trading at levels not seen since early 2021.
Shiba Inu (SHIB) is a memecoin with significant risks. Investor risk appetite has been on a decline for several months now. Increased macro pressure and rising geopolitical tensions has led to an exodus of capital from high-risk assets, especially the crypto market. Memecoins have consequently taken a big hit.
However, Shiba Inu’s (SHIB) downward trajectory began before the market trend flipped. SHIB has been on a decline since December 2024, while investors began their move away from the crypto market in about October 2026. Therefore, we could be looking at investors getting tired of SHIB’s lackluster performance and deciding to book losses.
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The Shiba Inu team has tried to bring more utility to the project but the efforts haven’t generated much steam. At this pace, it could take Shiba Inu (SHIB) several years to reclaim its peak price levels.
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