2024 turned out to be a bullish year for most cryptocurrencies. While some managed to record new peaks, a few others were growing without a stop. The meme coin market in particular was seen shining. Dogecoin (DOGE) and Shiba Inu (SHIB) witnessed a massive uptick. The price of SHIB saw a surge of 71%. Apart from the notable year-end rise, the asset also rose to a high of $0.00004534 in March 2024. Despite its slow start to 2025, the community is hoping SHIB will end the year on a high note.
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Shiba Inu’s Current Market
The meme coin market has recorded a fairly good week. The second largest meme coin Shiba Inu surged by nearly 10% throughout the past seven days. The asset was trading at a low of $0.00001523 to a high of $0.0000172. But since the beginning of 2025, the asset has dropped by 24%. At the time of writing, SHIB was trading at $0.00001676 following a 1.19% rise over the last 24 hours.
Despite the asset’s recent uptick, a large chunk of SHIB investors continue to drown in loss. Data from IntoTheBlock revealed that 52% of the meme coin holders were enduring a loss. Meanwhile, 45% of SHIB investors were making money at the asset’s current price. A potential rise in the next couple of months could push the price of the meme coin to the next level.
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Year-End Price Prediction
According to CoinCodex, Shiba Inu is slated to end 2025 on a fairly bullish note. During the last three months of the year, SHIB will trade at a high of $0.00004211 marking a 149% rise from its current price level. This peak will be attained in the month of October. During the final month of 2025, the meme coin will be trading at a high of $0.00003386 with an average trading price of $0.00003079.
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