The cryptocurrency market dropped considerably in the last week, with major coins suffering exceptional losses. So what happened to Shiba Inu coin?

The news: The cryptocurrency market recently saw a $130 billion drop in value in the last 24 hours, per CNBC.

  • Major coins — such as bitcoin and ether — saw massive drops, In fact, both of the popular crypto coins saw falls of more than 50% from all-time highs, according to CNN.
Why Shiba Inu coin might suffer a huge drop
Shiba Inu coin for Dogecoin: Why cryptocurrency investors may be leaving Shib

What about Shib coin?: Unsurprisingly, meme-based cryptocurrency coins such as Shiba Inu coin and Dogecoin saw a massive drop, too, according to Bloomberg.

  • “A widespread selloff in cryptocurrencies saw the most speculative tokens lose significant ground, as risk-averse attitudes pushed investors away from meme assets,” Bloomberg reports.

Yes, but: After two days of sell-offs, Shiba Inu coin rallied big time, leading the rest of the alt-coins, according to

  • In fact, Shib coin jumped 40% from its lows seen in January.
  • “The gains saw Shiba Inu (SHIB) overtake Polygon (MATIC) ... which topped the crypto gainers chart of 2021,” per
View Comments

What’s next?: Experts predict that Shiba Inu coin — currently valued at about $0.00001962 — will reach $0.000088 by the third quarter of 2022.

Join the Conversation
Looking for comments?
Find comments in their new home! Click the buttons at the top or within the article to view them — or use the button below for quick access.