When the market gets better, shiba will still be the same unless if the updates that everyone is talking about comes during it. Another thing that makes the price of shiba is I think the manipulation caused by the people behind it.
What do you mean price manipulation? With Volum and already listed on several large exchanges it looks very difficult. I think the price of Shiba follows the direction of Bitcoin. So this time if the price of Shiba goes down it is natural. All the coins experience that, so far I've seen that Shib movement following the bitcoin price. I think if the BTC price goes up Shib also moves up. If you look at the Developers it seems that they also continue to work on developing Shib.
With something that has such a huge amount of supply, having some sort of big manipulation is not that impossible at all. I know that it wouldn't be easy, but it wouldn't be that difficult neither. This should probably go with a situation where it is going to be some super rich whale who got into shiba very very early, like when you were able to buy billions for a few thousand dollars, and then manipulate it because he has so much.
That’s not the easiest thing in the world, but there are a few people out there like this, probably less than a dozen people who can do it, and if those people want to do it, nobody could stop them from doing it neither.