Shiba Inu Outperforms Bitcoin, XRP: SHIB To $0.000025 Soon?

Shiba Inu (SHIB) is currently outperforming the likes of Bitcoin (BTC) and Ripple’s XRP in the daily charts. SHIB has rallied by 4.1% in the last 24 hours. BTC, on the other hand, has fallen 3.5%, and XRP has rallied 1.5% in the same time frame.

Shiba Inu Continues To Fumble

Despite outperforming BTC and XRP in the daily charts, SHIB has faced quite a price dip in the last few days. The asset is down 6% in the weekly charts, 8.1% in the 14-day charts, and 23.4% over the previous month. The dog-themed crypto has maintained some gains in the yearly charts, rallying 48.4% since February 2024.

The latest market dip is likely due to the US reimposing tariffs on Canada and Mexico. The Bybit hack has likely further pushed the correction. Investor sentiment has taken a massive hit over the last few days. SHIB and other risky assets have faced substantial outflows due to the decline in market optimism.

Can The Asset Hit $0.000025 Soon?

SHIB last traded above the $0.000025 mark in December 2024. SHIB has to rally by about 76% to hit the $0.000025 target.

According to Changelly analysts, SHIB could hit the $0.000025 mark in March. The platform anticipates the asset to trade at a maximum price of $0.0000298 next month. Despite the predicted rally, Changelly does not expect SHIB’s price to hold at $0.0000298. The platform predicts SHIB will face a substantial correction right after. Changelly analysts anticipate the dog-themed crypto to breach the $0.000025 mark once again in November of this year.

If the market maintains its recovery, SHIB could hold the $0.000025 price level. How the asset performs over the coming weeks is yet to be seen.