Shiba Inu (SHIB) has faced a substantial price dip over the last year. According to CoinGecko data, SHIB’s price has fallen 1.3% in the last 24 hours, 11% in the last week, 4.8% in the 14-day charts, 15.7% over the previous month, and 66.1% since November 2024. SHIB’s price skyrocketed to $0.00003629 in March 2024, but has since dipped significantly. The popular memecoin is also down by nearly 90% from its all-time high of $0.00008616, which it attained in October 2021. SHIB fans and investors are clearly worried about the asset’s lackluster performance. However, let’s look at a few things that you should know before selling at a loss.
Why Not To Worry About Shiba Inu’s Price Dip
The Japan Virtual and Crypto Assets Exchange Association (JVCEA) recently added Shiba Inu (SHIB) to its “green list.” SHIB is now part of 30 approved cryptocurrencies in the country, standing beside Bitcoin (BTC), Ethereum (ETH), and others. The development is a substantial milestone for the popular cryptocurrency. It could lead to a surge in adoption among Japanese investors.
The Shiba Inu (SHIB) team has also worked tirelessly to bring more utility to the SHIB ecosystem. The Shibarium layer-2 network is expected to see a substantial rise in applications. More applications on the SHIB network will likely lead to more people flocking to the platform.
Also Read: If You Hold Shiba Inu, You Need to See This Before It’s Too Late
Moreover, the crypto market is expected to rebound over the coming months, especially in early 2026. Trade wars and slow economic growth have significantly affected the crypto market. The US is working on several trade deals that could bring more stability to global markets. Shiba Inu (SHIB) and the larger crypto market could see a surge in inflows under such conditions.
While Shiba Inu (SHIB) has struggled to gain momentum over the last few years, things could change for the better in the coming months.