Shiba Inu (SHIB) is following the market-wide upswing. The popular dog-themed crypto has rallied 4.6% in the daily charts, 16.6% in the weekly charts, 19.1% in the 14-day charts, and 13.3% over the previous month. While the rally has instilled new bullish sentiment among investors, SHIB’s price is still down by 21.3% since July 2024.
Is Shiba Inu on Its Way to $0.00002?
SHIB’s latest rally is likely due to Bitcoin (BTC) hitting multiple new all-time highs over the last few days. The original crypto has hit a new peak of $122,369 earlier today, July 14, 2025.
According to CoinCodex analysts, SHIB’s price may consolidate around the $0.000014 level over the next few weeks. The platform predicts SHIB will breach the $0.00002 mark on Aug. 22.
There is also a possibility that the market will face a dip over the next few weeks. The latest rally is likely due to big players putting their money into crypto. Retail players have more or less remained inactive this cycle. Rejuvenated interest from retail players could lead to a continued rally from SHIB.
BTC ETFs have seen consistently institutional inflows over the last few months. The most recent rally is likely due to institutional money being pumped into the crypto markets. Crypto-based ETFs seem to be the highlight of the current bull cycle. SHIB and other crypto assets are probably just following BTC’s trajectory.
Also Read: Shiba Inu On Verge Of 180% Upside: Here’s Why You Shouldn’t Ditch SHIB
SHIB and the larger market rally could also be benefiting from he general bullishness in the US economic policy scene. The US has taken bold steps to aid the crypto industry. President Trump has taken an extremely bullish stance on the budding industry. The SEC has also dropped several crypto-related lawsuits from the previous administration. We may see a lenient approach from the financial watchdog over the next few years.