Shiba Inu (SHIB) has faced significant challenges over the last year. The asset climbed to $0.000032 in December 2024, when Bitcoin (BTC) breached the $100,000 mark for the first time in its history. However, SHIB’s price has been on a downward trajectory since December 2024, despite BTC hitting multiple all-time highs along the way. SHIB gained an additional zero after its decimal price in November last year, and has carried it along since. Let’s discuss when Shiba Inu (SHIB) could be close to deleting a zero from its price.
When Can Shiba Inu (SHIB) Delete A Zero From Its Price?
The crypto market seems to be experiencing a rebound today, March 16, 2026. Bitcoin (BTC) has reclaimed the $74,000 price level, and other assets seem to be following its trajectory. Shiba Inu (SHIB) has also registered a strong resurgence following the market rally. According to CoinGecko’s SHIB data, the popular memecoin is up by 8.3% in the last 24 hours, 18.7% in the last week, and 14.2% in the 14-day charts. Despite the latest upswing, SHIB’s price continues to glow red in the monthly and yearly time frames, falling 0.4% and 51.5%, respectively.
Shiba Inu (SHIB) is currently following the market-wide rebound. Risk appetite seems to have gone up over the last few days as investors anticipate a potential de-escalation in the US-Iran conflict. The surge in investor confidence could also be linked to the US removing sanctions on Russia to stabilize global energy markets. Investors may have read into the situation as a bullish development, increasing their risky bets.
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However, Shiba Inu (SHIB) could face another price dip over the coming days. The crypto market is still weak, and investor confidence is far from recovered. Investors could book profits after the ongoing rally, and SHIB could see a price dip to $0.000005 levels.
