Is Shiba Inu dead? SHIB is down 20% in a year

Once hailed as the “Dogecoin ( DOGE ) killer,” Shiba Inu ( SHIB ) is struggling to keep up with the competition as it posts one of the weakest performances ￰0￱ the token is among the top 25 cryptocurrencies by market cap, Shiba Inu is one of only three that are in the red on the yearly chart, together with Toncoin ( TON ) and Polkadot ( DOT ). By comparison, Dogecoin, its meme coin rival, has surged nearly 100% over the same ￰1￱ question for traders is thus whether Shiba Inu is dead or whether it can reinvigorate some of the demand it previously ￰2￱ Shiba Inu recover? At the time of writing, SHIB was trading at a fraction of a cent, at $0.00001187, down nearly 21% the past ￰3￱ hype once allowed it to top Dogecoin in terms of market cap, its capitalization now sits at only $6.97 billion, compared to DOGE’s $34.89 billion, which is almost seven times as ￰4￱ inu price.) September 23, 2025 Buyers have increasingly tried to defend a slightly higher floor near $0.000012 since August, making it a critical level for SHIB’s next ￰5￱ triangle is tightening, and for Carter’s scenario to materialize, SHIB must indeed bounce off the $0.000012 support.

A breakdown below this zone, however, would invalidate the upward thesis and leave the token vulnerable to a fall back even ￰6￱ image via Shutterstock