- Shiba Inu’s price is down 2% at $0.00001228, with March projections suggesting a further decline to $0.00001107.
- Javon Marks predicts SHIB could surge 450% to $0.000081 if it sustains its breakout trend.
- CoinCodex data suggests a bearish market outlook, with SHIB showing weak price momentum and a Fear & Greed Index of 27.
Shiba Inu, the well-known meme token, is struggling to gain momentum in a sluggish crypto market. Despite strong ecosystem development, SHIB has failed to break out significantly. As of now, the token is priced at $0.00001228, marking a 2% drop in the last 24 hours. Analysts remain divided—will SHIB turn the tide by the end of March 2025?
Despite a bearish market, the Shiba Inu ecosystem remains active. Marketing lead Lucie has emphasized continuous innovation, with updates rolling out for ShibaSwap, Shibarium, gaming, and the metaverse. On social media, she reassured SHIB holders that development efforts remain strong.
Lucie posted on X saying,
“We build. Every week, the Shib ecosystem moves forward—rolling out new tech updates across DeFi (ShibaSwap, Shibarium), gaming, and the metaverse. Innovation never stops. That’s what devs do—developing. Holders hold. Once we outwait traders, we will win.”
SHIB’s developers are banking on long-term growth, but market conditions have slowed its ascent.
Can Shiba Inu Hit $0.000081?
Crypto analyst Javon Marks remains optimistic about SHIB’s price potential. He continues to back his prediction that the token can rise to $0.000081, a 450% surge from current levels.
Marks stated,
“$SHIB continues to hold its breakout, which took place in late 2022/early 2023, and prices are still majorly positive since! With this price breakout holding, the target for SHIB continues to be at the $0.000081 point, which is currently over 450% away.”
Marks’ confidence hinges on SHIB sustaining its breakout pattern. If market sentiment shifts and buyers step in, SHIB could see an explosive move upward.
Not all analysts share Marks’ bullish stance. CoinCodex (CC) projects a weaker performance for SHIB through March 2025. The platform’s price prediction indicates a low of $0.00001107 by March 31.
Shiba Inu’s price is projected to drop slightly by 1.75%, reaching $0.00001148 by April 8, 2025. Market sentiment remains bearish, as reflected in the Fear & Greed Index at 27 (fear). Over the past month, SHIB experienced positive price movement on 43% of the days (13 out of 30), while maintaining a volatility rate of 7.78%.
According to CoinCodex’s assessment, it’s not an ideal time to buy SHIB due to current technical indicators.
Shiba Inu’s long-term success depends on more than hype. While bullish predictions like Marks’ suggest explosive potential, real price movement will depend on overall market trends, ecosystem adoption, and investor sentiment.
If the SHIB ecosystem continues innovating, the token could eventually find stronger footing. However, as March 2025 nears, technical indicators suggest limited upside in the short term.