Shiba Inu (SHIB) has seen a recent decline, with its price falling to $0.00002129 on January 9, 2025, with a market cap of $12,540,000,747.

Cryptocurrency prices are affected by several factors, including:

General market volatility: Negative effects on cryptocurrencies in general, leading to a decline in the prices of many of them.

Movements of large investors (whales): Large investors move or sell large amounts of the currency, causing selling pressure that leads to a decrease in the price.

Protocol updates or changes: The launch of new updates or changes to the protocol may lead to price volatility.

As for Shiba Inu price predictions, some analyses indicate that the price may rise in the future. For example, some analysts have predicted that the price of SHIB will reach $0.0000998 by 2025.

However, investors should be careful, as the cryptocurrency market is known for its high volatility, and expectations may change based on multiple factors.

Here is the current price of Shiba Inu (SHIB):