Shiba Inu has risen 85,000,000% (85 million percent) between 2020 and 2021, marking a historic feat in the charts. No asset, including Bitcoin, Ethereum, and the stock market combined, delivered this many returns. SHIB stood apart from the rest and made day-to-day traders taste the millionaire lifestyle. The bull run was at its peak, with thousands of investors pouring in their money, hoping to make it big.
While these are the things of the past, the present paints a completely different picture. Historical context cannot predict the future, especially the cryptocurrency market, and more so in the meme currency segment. Meme coins operate in a parallel world where sometimes charts and price analysis are thrown to the wind. Only hype, buzz, and adoption dictate the rules, making analysis look like a foolish thesis.
Also Read: What AI Says About SHIB If ETF Passes Will Surprise You
A 100% Rise Again For Shiba Inu?
History and the future walk in two different directions in the meme currency market. Shiba Inu is currently trading at the $0.000006 level on Monday, and a 100% rise puts its price in the $0.000012 range. That’s SHIB’s 2024 and early 2025 price, where it mostly traded with four zeroes in the charts.
Even historically, Shiba Inu has gotten back to trading with four zeroes in just a few weeks after falling to the $0.000009 level. Chances are that the dog-themed token could reach there when the broader markets recover. The average trading price for SHIB has mostly been at the $0.000012 range in the last three years.
The steep decline currently stems from the ongoing Iran-Israel conflict, tariffs, trade wars, and other macroeconomic factors. Shiba Inu is also reeling from low confidence among the investor community, who were once die-hard fans of the token. It is now only a matter of time before SHIB hits $0.000012, which is a 100% rise from here.
