Second largest meme coin Shiba Inu (SHIB) has not started the new year very convincingly. While other cryptocurrencies have returned to their peaks and even reached new ones, SHIB has remained on the sidelines.
Along with its price decline, the market capitalization and the asset’s ranking have suffered. SHIB is currently ranked 19th in the overall ranking, giving way to newer assets. Will this popular coin be able to recover and grow in the coming days?
Over the past day Shiba Inu suffered a loss of 3%, but still remained in the plus for the week by 0,9%. The crypto asset is now 81% below its historical maximum of $0,00008845. This peak was reached back in 2021, that is, more than three years ago.
CoinGecko Data
Despite the current decline, most SHIB investors remain optimistic. Data from CoinGecko showed that 79% of respondents are optimistic about the potential growth of SHIB. At the same time, 21% of respondents are skeptical that the memecoin will show growth in the near future.
CoinGecko Data
According to the forecast of machine learning algorithms of the CoinCodex platform, in the last week of February kriptovalyuta will jump by an impressive 64%. On February 25, the SHIB price will rise by 48% from its current price and reach a maximum of $0,00002395.
CoinCodex data
