Shiba Inu Eyes 2029 Peak as Bitcoin Cycles On
Shiba Inu (SHIB)
Editor:
Eugene Serbin
watcher.guru reports that Shiba Inu (SHIB) has fallen more than 93% from its October 2021 all-time high of $0.00008616. The asset launched with multi-million percentage rallies but has struggled to regain momentum since then. Analysts suggest SHIB could reach a new peak by 2029, mirroring Bitcoin (BTC) which hit highs in 2017, 2021, and 2025.
However, SHIB showed weak price action when BTC climbed to its 2025 peak, signaling potential decoupling between the two assets. The 2021 surge was largely driven by Ethereum co-founder Vitalik Buterin burning 90% of the SHIB coins he received. This massive supply reduction caused prices to skyrocket at the time.
Today, SHIB faces risks from dipping popularity and reduced online buzz, which are critical for memecoin valuations. These factors may prevent SHIB from reclaiming its 2021 peak price by the end of the decade. The report highlights that while a similar trajectory to Bitcoin is possible, substantial risks remain. Without sustained buzz, the asset may fail to replicate its earlier success.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 26 September 2026. Not the outlet's figures.
SHIB spot data shows a 63.4% buy ratio in the last hour, contrasting with a 45.9% ratio over four hours. This indicates that short-term buying pressure is building relative to the broader recent trend. The one-hour volume delta is positive at $62,581, while the four-hour delta is negative at -$47,716. Over 24 hours, the buy ratio sits at 50.7% with a positive volume delta of $88,327. However, the cumulative volume delta (CVD) for the day closed at -$69,952, suggesting net selling pressure over the full day. The market saw 41,308 trades and $6,370,535 in spot volume, with net buying occurring in only 9 of the last 24 hours.
The latest daily buy ratio of 45.6% sits at the 11th percentile of the last 322 days, against a median of 48.8% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SHIB, averaged over the days leading up to the story.
Compared to the preceding week, today’s 24-hour buy ratio of 50.7% is nearly identical to the 7-day average of 50.5%. Trading volume today was 0.69x the weekly average, indicating a quieter day than usual. The weekly volume delta totaled $1,152,467, showing that buying has been the dominant force over the longer term. Price rose 9.2% over the eight-day period, with net buying recorded on 4 of the 7 days. This suggests that while today is an ordinary day for sentiment, the recent weekly trend has been moderately bullish.