Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. The asset’s incredible 2021 rally is still talked about by many. However, SHIB has struggled to gain momentum over the last year. The asset climbed to $0.0003284 in December 2024, but has since been on a downward trajectory. According to CoinGecko data, SHIB’s price has fallen 3.3% in the last 24 hours, 13.2% in the last week, 15.1% in the 14-day charts, 17% over the previous month, and more than 62% since January 2025. While the price dip is concerning, buying the Shiba Inu (SHIB) dip could prove to be quite a lucrative financial decision. Let’s discuss why.
Here’s Why You Should Consider Buying The Shiba Inu Price Dip
Shiba Inu (SHIB) is currently trading at levels last seen in June of 2023. However, by March of 2024, the popular cryptocurrency’s price rose to $0.00003629, a rally of about 450%. Shiba Inu (SHIB) could display a similar pattern this time around as well.
Many investors are likely fearful of the current market pattern. However, one should remember that the crypto market goes through cycles of bear and bull trajectories. Shiba Inu (SHIB) will likely recover its losses over time. Bitcoin’s (BTC) price fell to the $15,000 level in late 2022. Since its 2022 lows, BTC has hit multiple all-time highs.
Also Read: Cryptocurrency Market Crash: Here’s Why You Should Not Worry
Buying the dip is an excellent investment strategy. Shiba Inu (SHIB), despite the bearish market tone, continue to boast substantial clout. The project has a loyal fan base and the development team is working on several initiatives to bring more use cases to the asset. Shiba Inu (SHIB) will likely see higher prices as bears cool off. The current market crash is likely due to macroeconomic, policy-related, and geopolitical tensions. Once the storm has been weathered, we could see big gains for the popular memecoin.
