Don’t Forget Shiba Inu, It Will Fly Soon: Analyst

Amid a recent price rebound, a top analyst has predicted that Shiba Inu is on the cusp of a rally to levels last seen over a year ago.

Shiba Inu, the second-largest meme coin by market cap, recently started to rebound after a period of price underperformance. For perspective, Shiba Inu dropped 69% from its high of $0.0000334 in December 2024 to a low of $0.00001004 in June, while Bitcoin reached multiple all-time highs within that timeframe.

Currently, Shiba Inu is still down 31% from its opening price on January 1, but things seem to be changing quickly for the meme coin. Specifically, SHIB has rallied 17% in the past seven days and is up 6.2% over the past day, as it continues to cut down its losses.