Shiba Inu (SHIB) price has dropped more than 2 percent in the past 24 hours, bucking the trend of fellow meme crypto Dogecoin (DOGE). At the current price, Shiba is down nearly 40 percent from three months ago and 80 percent off its all-time high. Why is Shiba dropping, and will it recover? Here’s Shiba Inu’s price prediction.
Since Bitcoin’s launch, thousands of cryptocurrencies have emerged. While many are associated with serious problem-solving projects, some, like Shiba, Floki Inu, Doge, and Babydoge, simply grew out of online jokes. Still, many investors are making money with these meme cryptos.