Shiba Inu (SHIB) Records Massive Declines, AI Algorithms Are Pessimistic

As the world wakes up to the widespread crash of multiple markets, including in the cryptocurrency industry, Shiba Inu (SHIB) is no exception

Shiba Inu (SHIB) has followed the wider trend in the crypto sector, which has seen quite a few crypto assets dipping dramatically, including the flagship decentralized finance (DeFi) asset, Bitcoin (BTC), which itself has witnessed a price decline of over 15% in a single day.

However, some analysts remain optimistic about SHIB's future price performance, with Aaron Arnold, the host of the Altcoin Daily channel, recently naming SHIB as one of the meme coins that could potentially explode before 2025.

According to Arnold, SHIB is well-positioned to benefit from the several altcoin narratives that are expected to drive the next bull market in crypto.

In related news, CoinGate has added support for SHIB on the Binance Smart Chain (BSC) and Polygon (MATIC) networks, enabling users to make crypto payments with SHIB at over 4,000 merchants worldwide.

This development saw SHIB gain prominence in Q4 2024, experiencing remarkable growth alongside Litecoin (LTC) and Solana (SOL) in terms of crypto payments, surging after CoinGate added support for it on the BSC and Polygon (MATIC) networks, according to the platform’s report from July 25.

At the time of writing, the live SHIB price stands at $0.00001141, showcasing a price decrease of 19.22% over the past 24 hours and a drop of 33.48% in the last seven days.

Additionally, SHIB has faced an accumulated loss of 26.85% on its monthly chart while still managing to hold onto the 13.64% gain since the year’s turn.

As we approach the end of 2024 and begin to look ahead to 2025, there is a lot of speculation among crypto enthusiasts regarding which digital assets will perform well in the coming year.

While the bear market has certainly dampened the spirits of some investors, others remain optimistic, believing that the next bull market will be even more explosive than the last.

If you're looking to get ahead of the curve and identify the next 6 crypto coins to explode before 2025, then be sure to check out this video analysis from Altcoin Daily.

According to popular crypto YouTuber Aaron Arnold, these are the six types of coins that you should be paying attention to: Picks for you

DeFi CoinsPicks for you

NFT CoinsBest 6 Crypto Coins to Explode Before 2025?DePIN – $ATH $FIL $RENDER $AKT $IORWA – $ONDO $PRO $TRU $TRACGaming – $IMX $STARS $EXVG $SUPER $ILVMeme – $SHIB $SNECK $FOXY $BRETTAI – $NEAR $TAO $CGPT $AITSocialFi – $LMWR $LYX $RTBWATCH: https://t.co/9n8LnYWSal pic.twitter.com/OZ87aqcXBR

From there, he's picked out some specific examples within each category that he thinks have the potential to explode before 2025.

These coins are: Picks for you

DeFi Coins – $FL $RENDER $AKT $IORWANFT Coins – $IMX $SUPER $ILV $STARSMeme Coins – $SHIB $SNECK $FOXY $BRETTAI

It's important to note that these are just a few of the many crypto coins that could potentially perform well in 2025.

Ultimately, the best way to decide which coins to invest in is to do your own research and come to your own conclusions.