Shiba Inu News: Will SHIB Price Crash?

The Shiba Inu price has been on a downward trend. However, many remain hopeful that the upcoming weeks could bring positive news for SHIB holders. Will Shiba Inu crash? Let's take a look at this Shiba Inu Price prediction article in more detail.

How has the Shiba Inu (SHIB) Price Moved Recently?

Today, the price of Shiba Inu (SHIB) stands at $0.00001751, with a 24-hour trading volume of $549.66M, a market cap of $10.32B, and a market dominance of 0.43%. In the past 24 hours, SHIB's price has dropped by 9.52%.

Shiba Inu reached its all-time high on October 28, 2021, trading at $0.00008819, and its all-time low was recorded on November 28, 2020, at $0.0₁₀5637. The lowest price since the all-time high was $0.0₅5821, while the highest price since this cycle low was $0.00004501. Currently, the sentiment for Shiba Inu price prediction is bearish, with the Fear & Greed Index showing a score of 61 (Greed).

The circulating supply of Shiba Inu is 589.27T SHIB out of a maximum supply of 589.74T SHIB. The yearly supply inflation rate is -0.01%, indicating a decrease of 76.03B SHIB in the last year.

Will Shiba Inu (SHIB) Price Crash to 0?

Based on current market trends and historical data, it is highly unlikely that Shiba Inu (SHIB) will crash to 0 in the coming days. Over the past year, SHIB has demonstrated significant growth, increasing by 125%. This performance surpasses 66% of the top 100 crypto assets, including major players like Bitcoin and Ethereum. Despite recent downturns, SHIB has shown resilience with 15 green days in the last 30 days, equating to a 50% success rate for positive price movement.

Additionally, SHIB's high liquidity, supported by a market cap of $10.32B, ensures that there is substantial trading activity and investor interest, which typically acts as a buffer against drastic price drops. The negative yearly inflation rate of -0.01% also indicates a deflationary trend, with a reduction of 76.03B SHIB in circulation over the last year, which can help support price stability.

However, it is important to note that SHIB is currently trading below its 200-day simple moving average and remains 80% below its all-time high. These factors suggest that while SHIB may not crash to 0, it could continue to experience volatility and downward pressure in the short term. The overall bearish sentiment and current market dynamics indicate that investors should approach with caution, but the likelihood of a complete crash to 0 remains minimal given the strong market fundamentals and past performance.