The Shiba Inu (SHIB) ecosystem has witnessed several rises and falls during the past year. Sadly, the second-largest meme coin registered more losses than gains. Despite recording a notable spike in December 2024, the asset’s annual price change stands at a negative 42%. During the past month, SHIB jumped from a low of $0.00001232 all the way to a high of $0.00001757. But this momentum was disrupted. Now, as the asset continues to drop, the community is hoping to pocket short-term gains. The real question is whether Shiba Inu can deliver.
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Will Shiba Inu See A Reversal In Trend?
The meme coin has been mirroring the movement of the larger market. Shiba Inu witnessed a notable surge earlier today. During this short-lived rally, the asset jumped to a high of $0.00001601. Just as the rest of the market turned red, SHIB decided to follow suit. The meme coin dropped by 4.16% over the past 24 hours. At the time of writing, SHIB was trading at a low of $0.00001466.
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Q3 Price Prediction
According to data from CoinCodex, the next quarter of 2025 is expected to be fairly bullish for the Shiba Inu market. The firm revealed that July will be the best month in the upcoming quarter. SHIB will trade at a maximum price of $0.00001484 during this period. But this trend will see a major reversal in August as SHIB might drop to a low of $0.00001158. Lastly, in September, SHIB might be priced at $ 0.00001500.
Taking into consideration the highest price target in the coming quarter, SHIB investors might pocket dainty gains. If SHIB reaches $0.00001484 by August 2025, a $5,000 investment today would be worth approximately $5,029.61. This is a modest gain of about $29.61, or roughly 0.59%.
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