Shiba Inu Price Struggles Amid Bearish Market Conditions

The Shiba Inu (SHIB) price has been struggling to regain momentum, with some analysts predicting it may reach as low as $0.00000463 by the end of the year.

The token's market capitalization is approximately $2.6 billion, which is around 95% below its all-time high.

Finbold's AI model predicts SHIB will reach $0.00000589 by the end of August, while CoinCodex forecasts a price near $0.00000463 and double-digit drops every year until 2029.

The Moonberg presale, on the other hand, has been gaining traction, with over $300,000 raised in its first 48 hours.