Bitcoin (BTC) reached a new all-time high of $124,457 earlier today, Aug. 14, 2025, marking a significant milestone in the cryptocurrency market. This surge comes amid growing institutional adoption and renewed interest from retail investors, driven by optimism about potential regulatory clarity and broader use cases for digital assets.
Ethereum (ETH) is also making headlines as it inches closer to a record high, surging past the $4,780 price level for the first time in nearly seven years. The rise in ETH’s value is attributed to its continued dominance in decentralized finance (DeFi) and the growing popularity of layer-2 scaling solutions that enhance its network efficiency.
Meanwhile, Shiba Inu (SHIB) is showing signs of a rebound but continues to face challenges in breaking through the $0.0000145 price level, which appears to be a strong resistance point. The meme coin, which gained fame during the 2021-2022 bull run, is currently struggling to regain momentum despite recent developments, including new utility features and token burns aimed at reducing supply.
With Bitcoin and Ethereum setting the pace, the big question is whether Shiba Inu can follow their lead and achieve a new all-time high.
Can Shiba Inu (SHIB) Follow Bitcoin and Ethereum’s Trajectory?
Shiba Inu (SHIB) reached an all-time high of $0.00008845 in October 2021 during the peak of the cryptocurrency bull market. According to CoinMarketCap, SHIB’s price has since dropped by 85%, reflecting the broader market downturn that followed the 2021 rally. Back then, SHIB closely mirrored Bitcoin’s (BTC) upward trajectory, benefitting from the overall market excitement. However, in recent years, SHIB’s performance has diverged from Bitcoin, showing gains but on a much smaller scale compared to BTC’s ongoing momentum.
One of the key factors behind SHIB’s explosive 2021 rally was the massive 410 trillion token burn initiated by Ethereum co-founder Vitalik Buterin, who was gifted a large portion of the SHIB supply by its creators. Buterin chose to burn the tokens by sending them to a dead wallet, significantly reducing SHIB’s circulating supply and sparking investor excitement. Despite efforts to maintain momentum, replicating a token burn of that magnitude is unlikely, as the scale of the original burn was unprecedented.
Bitcoin’s recent rally can be attributed to lower CPI figures, which have fueled expectations of an interest rate cut in September. Lower interest rates tend to encourage risk-taking among investors. Shiba Inu (SHIB) could potentially follow a similar trend. BTC’s surge has also been supported by consistent ETF inflows, with institutional money playing a key role in driving the rally. Ethereum (ETH) has experienced a similar upswing, bolstered by significant capital inflows into ETH ETFs over the past several months. However, this is where Shiba Inu (SHIB) struggles to keep up.
Shiba Inu (SHIB) currently does not have any associated ETF products. The likelihood of a spot SHIB ETF being approved is extremely low due to the inherent volatility and speculative nature of memecoins like Shiba Inu. Such assets are considered high-risk investments, with price movements often driven by hype rather than underlying value. As of now, it is unlikely that a spot Shiba Inu ETF will be approved in the near future, if ever, as regulators continue to focus on investor protection and market stability.
Also Read: 3 Key Reasons Global Payments Could Push XRP Beyond $20
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
