While most major cryptocurrencies remain on an upward trend, the “killer Dogecoin» cryptocurrency Shiba Inu (SHIB) is struggling to maintain its previous upward momentum.
SHIB is currently ranked 29th by market cap, trading at $0,00001214, with the memecoin having a market cap of $7,16 billion. The token has seen a 46,7% decline in value over the past seven days, with a XNUMX% decline over the past month. token increased by 3,49%.
SHIB Price Yearly Chart. Source: CoinGecko
At its peak on December 5, 2024, SHIB’s market cap briefly exceeded $19 billion, significantly lower than the $35,91 billion it reached in October 2021 during the hype.
The 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 the once-thriving sector.
On August 4, SHIB began electing its first “network president,” a major governance change designed to decentralize control held by founder Shitoshi Kusama. The move not only solidified the network’s long-term reputation, but also created uncertainty about the overall direction of the ecosystem.
The leadership change coincided with a weakening of momentum in the meme coin space — altcoin season index is now at 34/100, signaling a broader downturn. Weak crypto whale participation and weakening burn activity have increased selling pressure, threatening SHIB’s short-term trajectory.
To get an idea of the future trend, the AI forecasting agent used multiple LLM models to generate an average forecast with increased accuracy by including various indicators.
The AI agent’s multi-model framework combines GPT-4o, Claude 3.5 Sonnet, and Grok 2 Vision, coupled 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, which implies a decline of 2,17% from current levels.
Grok 2 Vision’s forecast describes the potential for growth to $0,00001225 (+1,07%), while Claude 3.5 Sonnet’s forecast suggests a fall to $0,00001132 (-6,6%). GPT-4o occupies an intermediate position, predicting the $0,00001200 mark (-0,99%).
SHIB indicator charts