Shiba Inu Price Hinges on Calendar as Tax Deadline Looms
The Shiba Inu price has been stagnant lately, but one crucial factor for German investors to consider is not the chart, but the calendar. A draft bill from the Federal Ministry of Finance proposes a December 31, 2026 deadline that separates old and new tax regimes for crypto assets. Those who buy SHIB after this date may face different taxation rules than those who purchase it before.
The current price of SHIB is $0.00000592, with a market capitalization of $3.486 billion and a 24-hour trading volume of $84.5 million. Over the past seven days, the token has risen by 9.46%, but over the past year, it has declined by 50.27%.
The all-time high for SHIB was reached in October 2021 at $0.00008616, which is approximately 93% above the current price. To reach this level again, the price would need to multiply fourteenfold, resulting in a market capitalization of around $50.7 billion.
The circulating supply of SHIB remains unchanged, with 589.24 trillion units available for trading. This large supply means that every price-target calculation for SHIB looks different from those for Bitcoin or Ether.