Shiba Inu Surges 8% in 24 Hours, But Deleting a Zero Remains a Distant Target

Shiba Inu (SHIB) is flashing a warning sign to investors despite a recent 8% single-day rally, as the memecoin continues to struggle with a persistent extra decimal zero gained in late 2025. The asset, which peaked at $0.000032 in December 2024 alongside Bitcoin's historic $100,000 breakthrough, has been on a sustained downward trajectory even as BTC notched multiple new all-time highs, highlighting SHIB's severe underperformance and casting doubt on any imminent price-level recovery.

When Can Shiba Inu (SHIB) Delete A Zero From Its Price?

The crypto market seems to be experiencing a rebound today, March 16, 2026. Bitcoin (BTC) has reclaimed the $74,000 price level, and other assets seem to be following its trajectory. Shiba Inu (SHIB) has also registered a strong resurgence following the market rally. According to CoinGecko’s SHIB data, the popular memecoin is up by 8.3% in the last 24 hours, 18.7% in the last week, and 14.2% in the 14-day charts. Despite the latest upswing, SHIB’s price continues to glow red in the monthly and yearly time frames, falling 0.4% and 51.5%, respectively.

Shiba Inu (SHIB) is currently following the market-wide rebound. Risk appetite seems to have gone up over the last few days as investors anticipate a potential de-escalation in the US-Iran conflict. The surge in investor confidence could also be linked to the US removing sanctions on Russia to stabilize global energy markets. Investors may have read into the situation as a bullish development, increasing their risky bets.

However, Shiba Inu (SHIB) could face another price dip over the coming days. The crypto market is still weak, and investor confidence is far from recovered. Investors could book profits after the ongoing rally, and SHIB could see a price dip to $0.000005 levels.