The price of SHIB surged to a new all-time high in October of 2021. However, from that point on, everything for SHIB holders got worse because of the poor macroeconomic environment and the instability in the cryptocurrency market. With its prices falling by more than 70% in 2022 due to high-interest rates and other factors, SHIB has had a terrible year.
Source: https://coinpedia.org/altcoin/shiba-inu-price-2023-shib-price-poised-to-hit-new-lows-heres-why/