Shiba Inu is no longer popular, there are many hype meme coins that are filling the market and that is much more potential than Shiba inu which is fairly obsolete, we need to see what triggers might be brought by Shiba inu developers in the future, seeing it I think it is less interesting.
The increase will not be as many times as the previous cycle, that's my prediction for Shiba Inu in the current cycle, maybe if it goes up 50% it could be the most logical scenario for me rather than hundreds of times, memecoin enthusiasts used to be divided between doge and shiba at most but today the competition is not only that.
This is true, there are a lot of memecoins which got attention over shiba these days and this is why shiba is losing some power. However, people should realize what's happening to shiba could happen to other memes as well, and may not even go as high as shiba did, so there is no reason to invest into other stuff neither, and there is no reason to invest into shiba neither.
The only logical reason why anyone ever invested into these stuff is because we had a chance to make money quickly when it was popular and it was a "fun" thing, as in entertaining to be part of a group. I never did, never owned shiba as far as I can remember and I was fine with people investing at the time but not anymore, right now it would be stupid to put money into it.