Shiba Inu (SHIB) currently boasts an $8.6 billion market cap, despite experiencing a modest 1% daily decline. This slight dip is relatively insignificant compared to SHIB’s recent upward trajectory within the broader cryptocurrency market. This bullish sentiment surrounding Shiba Inu (SHIB) may be partially fueled by the success of another Shiba-themed project, Shiba Shootout (SHIBASHOOT). This cowboy-themed meme coin, offering in-game perks, has rapidly raised over $870,000 in presale, capturing the attention of investors seeking an alternative to SHIB. Shiba Inu (SHIB) price analysis and price prediction Shiba Inu (SHIB) currently trades at a market capitalization of approximately $8.6 billion, a significant decline from its all-time high. However, the cryptocurrency remains relatively stable despite a recent market downturn, potentially offering a buying opportunity for investors.