Shiba Inu is trading at the $0.00002 mark and remains on the greener side of the spectrum in 2025. It remained in the red during the start of the year and is up for three consecutive days. SHIB is consolidating in price and is aiming for another leg-up after mostly remaining stagnant in the charts. The broader cryptocurrency market is gearing up for a price rise on the heels of Trump taking office this month.
Also Read: Shiba Inu: AI Predicts SHIB Price When Trump Takes Office in January
However, leading on-chain metrics and price prediction firm CoinCodex painted an extremely bullish picture for Shiba Inu in January. According to the price prediction, SHIB could double in price and rise by nearly 109% from its current level. The forecast indicates that SHIB could reach a monthly high of $0.00004633 after Trump take office in January 2025.
Source: CoinCodex
Therefore, an investment of $1,000 could turn into $2,090 this month if the prediction becomes accurate. Shiba Inu is known for its drastic price jumps, as historical data shows that it surges triple digits during bull runs. The forecast puts a ‘buy’ tag for SHIB, indicating a rally could be on the horizon for the dog-themed token.
Also Read: AI Predicts If Shiba Inu Can Reach $0.01 in 2025
Shiba Inu’s Historical Rally
Source: Unsplash
For the uninitiated, Shiba Inu has printed robust price gains during its inception in 2020 to 2021. The token skyrocketed nearly 45,000,000% (45 million percent) between August 2020 to October 2021. Early investors made millions with SHIB and are now living a life of financial freedom. Read here to know how a truck driver made $1.4 million with an investment of $650 in SHIB.
Also Read: How High Will Shiba Inu (SHIB) Surge In January 2025?
In October 2021 alone, Shiba Inu surged 1,000% and hit an all-time high of $0.00008616. The token is now looking to breach its ATH, delete a zero in the charts, and trade at $0.0001. Only time will tell whether the Trump economy will make this happen or go in reverse mode.
