Shiba Inu (SHIB) is following the overall market increase. This popular dog-themed cryptocurrency is up 4.6% on the daily chart, 16.6% on the weekly chart, 19.1% on the 14-day chart, and up 13.3% month-over-month. Although this rise has injected new bullish sentiment among investors, SHIB's price has still dropped by 21.3% since July 2024.
Will the price of Shiba Inu drop to $0.00002?
The latest surge of SHIB is likely driven by Bitcoin (BTC) reaching new highs in recent days. Bitcoin's price hit a new high of $122,369 earlier today (July 14, 2025).
CoinCodex analysts suggest that SHIB's price may consolidate around $0.000014 in the coming weeks. The platform predicts that SHIB will break through the $0.00002 mark on August 22.
The market may also experience a downturn in the coming weeks. The recent rebound is likely due to large investors putting funds into cryptocurrencies. Retail investors have generally remained subdued during this cycle. A resurgence of interest among retail investors could drive the sustained rise of SHIB.
In the past few months, BTC ETFs have continuously attracted institutional capital inflows. The recent rebound is likely due to the influx of institutional funds into the cryptocurrency market. Cryptocurrency ETFs seem to be the highlight of this bull market cycle. SHIB and other cryptocurrency assets may just be following the trend of BTC.
The rebound of SHIB and the larger market may also benefit from the overall optimism in U.S. economic policy. The U.S. has taken bold measures to support the cryptocurrency industry. President Trump holds an extremely optimistic view of this emerging industry. The U.S. Securities and Exchange Commission (SEC) has also dismissed several cryptocurrency-related lawsuits filed by the previous administration. In the coming years, we may see financial regulators adopt a more lenient regulatory approach.
