The Shiba Inu (Shib) ecosystem was in sync with the rest of the market, as the meme coin was on a downtrend. It seems that most of the industry’s assets are ending the year painted red. Bitcoin (BTC), the world’s largest cryptocurrency, has slipped below the $100,000 mark. Amidst this, Shib and other pieces also struggled. Will Shib continue this trend or start a new chapter in January 2025?
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Shiba INU Price well: will it bounce back?
During press time, Shiba Inu was trading at $0.00002167. This comes after a 2.23% drop in the last 24 hours. MEME COIN’s monthly returns remain at 20% negative. Meanwhile, the asset’s annual gains were at 106%. Over the past year, the meme coin has risen to a high of $0.00004534. Despite this, Shib remains 75% below its high of $0.00008845.
This drop came as Shytoshi Kusama, the lead developer of the Shiba INU network, revealed a new development. Kusama highlighted The impending release of Lap Dogs in an X Post today. He said the game is another win for the Web3 gaming industry. With the upcoming release of Lap Dogs, the Shiba INU ecosystem team intends to expand the Web3 games market.
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January Price Prediction
According to CoIncocex, Shiba INU is predicted to trade in a channel between $0.00001782 and $0.00009306 in 2025, with an average annual price of $0.00003609. Compared to current rates, this can give a potential ROI of 327.75%. But in the first month of the coming year, Shiba INU is expected to trade at a maximum price of $0.00004582.
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This marks a 110% increase from its current price level. Furthermore, the average price and lowest level that Shib will trade in January 2025 is $0.00002564 and $0.00001999, respectively.