Shiba Inu and Pepe have become two of the biggest coins in the crypto industry, with a combined market cap of almost $30 billion.
Grandpa (PEPE) trading at $0.00002200, up over 3,700% from its 2023 low. Likewise, Shiba Inu (SHIB) surged more than 17,000% from its all-time low, raising its valuation to more than $18 billion.
Both coins should continue to perform well as the cryptocurrency bull run persists. The altcoin season index climbed to 83, and the crypto fear and greed index rose to 85.
Their recent performance has sparked speculation about whether these meme coins could reach $1 by 2025. But how realistic is this prediction?
Shiba Inu price to rise 3.2 million percent to $1
SHIB price was trading at $0.000030 on December 6, meaning it would need to rise by 3,225,805% to reach $1. While such growth is not impossible in the crypto world, it is very unlikely to happen anytime soon.
Nonetheless, technical data suggests that the Shiba Inu price could rise further in the coming months. The daily chart shows that the coin found some resistance at the 38.2% Fibonacci retracement level.
This price is also notable because it is at the weak, stopping and reversing point of the Murrey Math Lines. As such, this means it still has upside potential to reach the ultimate resistance point at $0.0000357.
The big picture is that the piece has formed a cup and handle pattern. It has now moved upwards, which explains its consolidation.
Therefore, by measuring the depth of the cup, it means that the Shiba Inu price will increase and cross the yearly high of $0.000045 and then reach $0.00005486.
Pepe Price Expected to Increase by 4,545,355% to $1
Like Shiba Inu, Pepe has a long way to go to reach $1. In its case, it must increase by more than 4 million percent to reach this milestone.
On the positive side, Pepe has formed bullish patterns that could push its price higher in the short term. The token is currently developing a bullish pennant pattern – a combination of a vertical line and a symmetrical triangle – often associated with upward momentum.
Pepe also made a breakout and retest at the $0.00001723 support level, which lines up with the top of a cup and handle pattern. Additionally, the token formed a golden cross shape in September, signaling bullish potential.
By measuring the depth of the cup pattern, Pepe price could surge as high as $0.00002877 during this bull cycle.