According to Shiba Inu (SHIB) team member Lucie, Grayscale has listed the popular memecoin under the “Consumer & Culture” sector in its Market Byte: Here Come the Altcoins from October 2025. The financial institution lists SHIB as a “leading project shaping community, culture, and entertainment in crypto.“

While being included in Grayscale’s list of leading projects is a notable milestone, let’s discuss whether Shiba Inu (SHIB) can recover from the ongoing market crisis.

Will Grayscale’s Praise Help Shiba Inu Rebound?

The crypto market has struggled to gain momentum over the last few weeks. Although October is usually considered a bullish month for the crypto market, 2025 has pivoted from the historical pattern. Shiba Inu (SHIB) has suffered heavy losses over the last month. According to CoinGecko data, SHIB is down 5.5% in the last 24 hours, 8.3% in the last week, 6.1% in the 14-day charts, and 23.3% over the previous month.

While Grayscale’s inclusion in its list adds to Shiba Inu’s (SHIB) already big clout, it is unclear if it can help the asset recover its price. Grayscale has some of the biggest crypto ETFs under its name. However, the financial institution does not have a spot SHIB ETF, nor has it applied for one.

Also Read: SHIB Reacts to ETF Bid: Is Shiba Inu Worth Buying?

Shiba Inu (SHIB) will likely not recover until the larger crypto market rebounds. Bitcoin (BTC), the market leader, continues its downward trajectory. SHIB and other assets are simply following BTC’s lead.

According to CoinCodex analysts, SHIB’s price will recover slightly over the coming weeks. The platform anticipates the memecoin to delete one zero after its decimal point and hit $0.00001089 on Nov. 30. Hitting $0.00001089 from current price levels will entail a rally of about 13.25%.

Moreover, the Federal Reserve has reduced interest rates by 25 basis points after its October meeting. We may witness a delayed rally over the coming weeks.