With the majority of assets in the cryptocurrency market starting to slow down their new-year gains, Shiba Inu (SHIB) is no exception. However, it trades above the psychologically important price of $0.00001, and artificial intelligence (AI) algorithms suggest 2025 could be even more bullish.
As it happens, the AI-driven price forecast algorithms used by the cryptocurrency analytics platform CoinCodex predict that Shiba Inu will trade at the price of $0.00003694 by December 31, 2025, suggesting an increase of 235.82% compared to its current price on January 3, 2024.
Shiba Inu price analysis
Meanwhile, the famous dog meme crypto was at press time changing hands at the price of $0.000011, indicating a loss of 2.73% in the last 24 hours and a 2.8% decline across the previous seven days but still holding onto the 12.52% advance over the past month and a 28.35% gain on its yearly chart.
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All things considered, SHIB could, indeed, reach the predicted price target by the end of next year, provided it retains a relatively bullish outlook, its team continues to work hard on developing the Shiba Inu ecosystem, and other positive events push its price upward.
Specifically, one example of such bullish influences is the introduction of an automatic burning mechanism for SHIB tokens on the Shibarium blockchain, which the SHIB team announced would begin in January and “witness multiple upgrades to enhance efficiency and reliability.”
Furthermore, crypto exchange Crypto.com has recently revealed the addition of new trading pairs to its crypto trading platform, integrating Shiba Inu and Dogecoin (DOGE) with CorgiAI (CORGIAI), the main meme coin on the Cronos (CRO) blockchain and one of the biggest gainers in 2023, as Finbold reported.
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