SHIB is being talked about again, but this time the question is whether it can repeat that incredible surge in 2024. Those who remember know that in January, the token started at $0.000008 and skyrocketed to $0.00004534 in March, a 462% gain. Now everyone is curious if it can perform similarly again.

Currently, SHIB is trading around $0.000008, which is exactly the level before the surge in January 2024. So, from a technical perspective, if similar conditions occur, another movement could happen. Prediction platforms also seem somewhat optimistic, but their expectations vary quite a bit. Changelly and Coincodex are more conservative, targeting levels around $0.000009 to $0.0000096 by March 2026. But Telegaon is bolder, suggesting it could reach as high as $0.0000543, surpassing its peak in 2024.

There are also catalysts. Last month, 361 billion SHIB tokens were withdrawn from exchanges, reducing the supply. Institutional interest is increasing, with names like Grayscale and T. Rowe Price discussing SHIB ETFs. Comments about Bitcoin moving from a 4-year cycle to a 5-year cycle could also benefit meme coins.

Of course, risks shouldn't be ignored. SHIB has ecosystem issues, low team activity, and struggles to stand out compared to other tokens. Today, the price is up 1.23%, but on a one-year basis, it's down 54%. So, there's a long way to go for a return to 2024 levels. There's no guarantee of a rise, but the potential is there.