Shiba Inu (SHIB) has struggled over the last few years. SHIB was once among the top 10 projects by market cap during the 2021 bull run. SHIB continued to be among the top 15 projects through most of the last few years. However, the project has taken a hit over the last year. According to CoinGecko data, SHIB is currently the 34th largest crypto project by market cap, with a valuation of $4.7 billion. Let’s discuss why SHIB could recover its old glory in the coming years.
Why Shiba Inu Can Recover Its Lost Market Cap
Although 2025 has been a bullish year for several crypto assets, Shiba Inu (SHIB) did not follow the same trajectory. The popular memecoin climbed to $0.00003 in December of 2024, but has seen a gradual price dip over the last several months. The recent market crash has further bled SHIB’s market cap. According to CoinGecko, SHIB is currently down by 5.9% in the last 24 hours, 11.3% in the 14-day charts, 20.5% over the previous month, and 74% since December 2024.
Despite its struggles, Shiba Inu (SHIB) continues to boast substantial clout. SHIB has one of the most loyal fan bases in the crypto realm. Moreover, the Shiba Inu (SHIB) team is working tirelessly to bring more utility to the project. More applications are expected to be built on the Shibarium network over the coming years, which could bring more users to the SHIB ecosystem. Shiba Inu’s (SHIB) price could benefit from such a development.
Also Read: How High Can Shiba Inu Go If We Enter a Bull Run In December?
Another bullish development could be the possibility of an interest rate cut in December. Rate cuts usually lead to investors taking on more risks. The memecoin market could see significant inflows if the Federal Reserve rolls out another rate cut this month. The move could trigger a market-wide bull run, leading to Shiba Inu (SHIB) experiencing a surge in its market cap.