Shiba Inu (SHIB) staged one of 2021’s most dramatic crypto rallies, skyrocketing from obscurity to $0.00008845 in October that year.
Well, the surge, driven by Ethereum co-founder Vitalik Buterin burning 90% of his SHIB holdings, slashed supply and propelled SHIB’s market cap past $40 billion, solidifying its place among the top meme coins.
Today, Shiba Inu trades around $0.000005 with a $3.6 billion market cap, a steep fall from its peak.
Therefore, replicating even a fraction of its 2021 surge, such as a 25× gain, would require surpassing prior market cap highs, a near-impossible feat in today’s market.
The hype and speculative frenzy that fueled SHIB’s rise have largely vanished, leaving its price growth much more limited. Still, multiple analysts project a potential 736% upside to $0.00005 by late 2026.
On-Chain Data Signals Caution
On-chain data also highlights Shiba Inu’s fragile state: 549 billion SHIB recently moved to centralized exchanges, a clear sign of potential sell-offs.
Coupled with weakening technical patterns, this surge in inflows suggests mounting price pressure. With the burn rate stalling, SHIB has plummeted to 2023 lows, signaling short-term uncertainty and significant resistance to regaining momentum.
Even though Shiba Inu remains an intriguing crypto asset, the hype-driven rallies of 2021 are unlikely to return, making outsized gains nearly impossible under today’s market conditions.
Notably, market maturity, cautious investor sentiment, and the enormous growth needed make such massive gains improbable today.
Source: https://zycrypto.com/shiba-inu-new-ath-why-a-2021-style-rally-seems-out-of-reach-amid-549-billion-exchange-inflows/
