Shiba Inu price, a meme-based cryptocurrency, has experienced a significant drop over the past week. This decline aligns with a broader downturn in the cryptocurrency market. Bitcoin, for instance, has fallen below $94k. Other crypto have also seen decreases. Shiba Inu’s value has decreased by 10% during this period. It recently plummeted to $0.00002, breaching several support levels. This raises concerns about how low SHIB could potentially fall by January.