Shiba Inu (SHIB) is trading at around $0.0000105 as of October 16, 2025, far below the much-discussed $0.01 price target. Achieving that level would require a market capitalization of $6 trillion, far exceeding the current altcoin market cap of $1.53 trillion.
The memecoin market has cooled significantly since late 2024. The sector’s market cap peaked at $24.27 billion in December 2024 but has since fallen to $8.7 billion. Popularity for memecoins, including SHIB, has declined, reflecting a broader market slowdown.
Some positive signs remain for long-term SHIB holders. The burn mechanism continues to operate, with 36.22 million tokens burned this month. Daily burn amounts have increased by 324%, although the total value is still minimal.
Network-wide accumulation also shows resilience. The mean coin age has been trending higher since June, suggesting that holders are retaining their SHIB rather than selling. However, growth in daily active addresses has been muted, apart from a spike earlier in October, indicating slower network expansion.
Analysts say that memecoins like SHIB often gain value during strong bullish cycles in the broader crypto market. Sustained rallies in Bitcoin (BTC) and Dogecoin (DOGE) tend to boost confidence in altcoins. At present, SHIB’s trading range in 2025 has remained intact, with $0.0000105 as a key support level.
Experts warn that a bearish breakdown below this support could hinder any potential rally in the coming months. Even reaching SHIB’s previous all-time high of $0.000088 by the end of 2025 appears uncertain.
Overall, while SHIB maintains some positive network metrics, the possibility of reaching $0.01 seems extremely remote, even over the long term. Holders should temper expectations and focus on network fundamentals rather than speculative price targets.
