Machine learning algorithm predicts SHIB price on August 31, 2025
As most major cryptocurrencies remain in bullish territory, Shiba Inu (SHIB), the well‑known “Dogecoin killer,” has struggled to capture the same upside momentum. Fresh data from Finbold suggests more subdued performance could be on the horizon. Currently ranked 22nd by market capitalization, SHIB is trading at $0.00001212, with a market cap of $7.14 billion. The token has shed 4.64% in the last seven days and remains down 8.92% year‑over‑year, though it is up 3.49% over the past month. SHIB 1-year price chart. Source: Finbold At its peak on December 5, 2024, SHIB briefly surpassed a $19 billion market cap, a far cry from the $35.91 billion it achieved in October 2021 during its hype‑driven surge. This weakening comes against a backdrop of shifting meme coin dynamics. Finbold reported in November that 97% of meme coins have effectively died, eroding speculative appetite for smaller tokens and cooling the once‑white‑hot meme sector. SHIB governance shift and mar...