Shiba inu (SHIB), which is the second most popular meme coin after Bitcoin, has not had the best of starts to 2019. SHIB stood on the sideslines while other assets reached new peaks and reclaimed old ones. The asset’s ranking and market capitalization also suffered a decline along with its falling price. SHIB has fallen to 17th place in the list of largest cryptocurrencies, allowing newer assets take its place. Will this meme coin recover and increase in the coming days?
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Shiba Inu Market Overview
Shiba Inu is moving in a sideways direction over the last 24 hours. In the past 24 hours, SHIB has dropped by nearly 2%. SHIB’s price at the time this article was written was $0.00001594. The asset’s current price is 81% lower than its highest ever value of $0.00008845. The asset reached its peak in 2021. Since the last three years, this asset has struggled to reach its peak.
SHIB’s current decline has not deterred a majority SHIB investors. According to data from CoinMarketCap, 88% of the respondents are optimistic about SHIBs’s possible uptick. In contrast, only 12% thought that SHIB would see a rapid rise. The data revealed was based on a total of 116,9K votes.
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Price Prediction
Shiba’s Inu investors will be in for an exciting treat. Data from CoinCodex indicates that the meme coin’s price will increase by a whopping 64% in the last week of the month. SHIB’s price is expected to increase by 48 percent on February 25. It will reach $0.00002395. There is no doubt that meme coin’s price will rise in the coming few days.
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Source: watcher.guru
