Shiba Inu Stumbles as Bitcoin's Next Rally Looms

Shiba Inu (SHIB) hit an all-time high of $0.00008616 in October 2021, marking one of the most successful debuts in cryptocurrency history.

The asset saw multi-million percentage rallies within months of its launch but has since fallen by more than 93% from its peak and is struggling to gain momentum.

Many anticipate Bitcoin (BTC) to climb to a new all-time high by 2029, following a four-year cycle that saw peaks in 2017, 2021, and potentially 2025.

This raises the question of whether Shiba Inu (SHIB) will follow Bitcoin's trajectory, potentially hitting a new all-time high by the end of this decade.