Shiba Inu has started the year 2025 with a negative outlook and appears to be attracting bearish sentiments on the charts. The price of the stock had risen by around 18% last year, when Trump won back the White House. SHIB was at a high price of $0.00003284 on December 31, last year, but the market reversed that.
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In just two short months, its price dropped from $0.00003284 down to $0.00001597. Investors lost their money instantly. Shiba Inu has had very little price growth in the last couple of months despite Bitcoin’s hovering at $96,000-100,000 mark. SHIB has been the exception to a broader market that is dominated by cryptocurrency.
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Shiba inus: A 25% decline this year
Shiba Inu is down 25% in the last year, with heavy losses for investors since January. Investors who entered the market this year will all face massive losses by 2025. Investors are not interested in investing if the buying pressure is stagnant.
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SHIB is at risk of an extra zero being added to charts, if the stock continues its downward trend. Shiba Inu traded with 5 zeros in the period between 2022 and early 2024. The effort it took to trade with just four zeroes again after almost two years was considerable.
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In October 2021, the token with a dog theme reached an all time high of $0.0008616 and has not been able to recover its former glory. This token has fallen nearly 81.5% in the last three years and still isn’t able to reach its previous high. SHIB tokens have only been profitable for investors who entered the market early.
Read here Know how a worker from the blue collar made millions investing in SHIB early. A trucker who was a trader invested $650 to make millions. He made a life-changing gain in less than one year.
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Source: watcher.guru
