Shiba Inu's performance in 2024 is still being discussed, and many people are wondering whether a similar surge will happen again at the beginning of this year. As a reminder, Shiba gained approximately 462% in 2024, rising from $0.000008 to $0.00004534. Now, the token has fallen back to the $0.000008 level, which seems to mark the start of that exciting period in 2024.

Currently, market participants are unsure whether similar conditions will reoccur. Changelly predicts it could reach a maximum of $0.00000990 by March 2026, but this is still 78% below its peak in 2024. Coincodex is slightly more optimistic, showing a target of $0.000009598, but still unable to break the Shiba record set in 2024. Telegeon makes a bolder prediction, stating that SHIB could reach $0.0000543 and even surpass the March peak of 2024.

Potential catalysts for the rally include institutional purchases, ETF speculation, and large token withdrawals from trading platforms. Recently, about 361 billion SHIB tokens were transferred to on-chain wallets. Additionally, Grayscale's efforts to create a separate ETF for the token are also creating optimism in the market.

However, to be realistic, ecosystem challenges and the team’s cautious behavior remain the main obstacles to Shiba’s spectacular rise in 2024. Still, considering Bitcoin’s cycle shift and the overall market recovery, the coming months could be interesting.