Shiba Inu’s Price Plunge: From Explosive Gains to Historic Lows

Over the past year, Bitcoin has remained one of the few stable forces in the crypto market, marking significant growth. In contrast, many altcoins, including Shiba Inu (SHIB), have struggled to maintain momentum.

Last March, Bitcoin broke its 2021 all-time high of $69,000, but it wasn’t the only token making waves. SHIB skyrocketed 388% in just two weeks, soaring from $0.0000095 to $0.000046. Against BTC, SHIB surged 246%, marking one of its most remarkable price actions in years.

Fast forward to today, and SHIB tells a different story. Since that explosive rally, its price has plummeted 77.84%, now hovering at levels packed with multiple zeros. While this decline doesn’t necessarily signal the end, SHIB is on the verge of hitting new historic lows against Bitcoin.

The meme coin’s struggles reflect a broader trend in altcoins, many of which are losing ground to BTC. While some investors wonder if it's too late to swap SHIB for Bitcoin, the reality is that another major breakout like last year’s remains unlikely.

Though SHIB’s value in dollars may not necessarily drop further, its relative underperformance against Bitcoin suggests that expectations of another explosive rally should be tempered. As Bitcoin continues to dominate, the fate of meme-inspired cryptocurrencies like Shiba Inu remains uncertain.