While most major cryptocurrencies remain on an upward trajectory, the 'Dogecoin killer' cryptocurrency Shiba Inu (SHIB) is barely managing to maintain its previous upward momentum.

Currently $SHIB

is ranked 29th by market capitalization and is trading at $0.00001214, with a market capitalization of the meme coin at $7.16 billion. Over the past seven days, the token's value has decreased by 46.7%, while over the last month, the token has grown by 3.49%.

Annual price chart of SHIB. Source: CoinGecko

At its peak on December 5, 2024, the market capitalization of SHIB briefly surpassed $19 billion, significantly lower than the $35.91 billion reached in October 2021 during the hype.

This weakening is due to the changing dynamics of meme coins. In November, 97% of meme coins virtually ceased to exist, undermining speculative interest in smaller tokens and cooling what was once a thriving sector.

On August 4, SHIB began electing its first 'network president,' a significant governance change aimed at decentralizing control exercised by founder Shytoshi Kusama. This move not only strengthened the long-term reputation of the network but also created uncertainty regarding the overall direction of the ecosystem's development.

The change in leadership coincided with a weakening momentum in the meme coin space — the altcoin season index is currently at 34/100, signaling a broader decline. Weak participation from crypto whales and reduced burning activity have intensified selling pressure, jeopardizing SHIB's short-term trajectory.

To gain insight into future trends, the AI forecasting agent used several LLM models to generate an averaged forecast with enhanced accuracy, incorporating various indicators.

The multimodal structure of the AI agent combines GPT-4o, Claude 3.5 Sonnet, and Grok 2 Vision along with technical signals such as MACD, RSI, and stochastic oscillators. As a result, the projected average price of SHIB by August 31, 2025, should be $0.0000118567, implying a decrease of 2.17% compared to current levels.#shiba #BTCReserveStrategy #BinanceSquareTalks #BinanceSquareFamily #Shibarium