- Shiba Inu could see its market capitalization reach $80 billion in the first quarter of 2025
- When Memecoins Bounce, It’s Short But Intense – Be Prepared to Take Profits
Shiba Inu (SHIB) has a strongly bullish outlook for the next 6 to 9 months, and potentially more depending on the duration of Bitcoin (BTC) bull run. Over the past two cycles, the focus on the crypto sphere began with Bitcoin, but it quickly began to shift to alts.
In 2017, it was dedicated to ICOs and token sales. And, in 2021, DeFi tokens and NFT assets have attracted public attention. Will this bull run be that of the memecoin supercycle? Well, Murad Mahmudov’s speech at the TOKEN2049 conference clearly made the case for this phenomenon.
Can Shiba Inu catch up with Dogecoin?
Source: DOGE/USDT on TradingView
Dogecoin (DOGE)at press time, had an impressive market capitalization of $65 billion, ranking 7th on CoinMarketCap rankings. Its market capitalization increased from $500 million in December 2020 to $84 billion six months later. This nearly 200x rally inspired many new memecoins, including Shiba Inu.
There are now hundreds of competing memecoins. Even with more capital in the market, SHIB may struggle to match DOGE’s gains.
As always, it’s the top dogs that attract the public’s attention and money. DOGE, SHIB and Pepe (PEPE) could be the best performers this time.
Price forecast for 2025
Source: SHIB/USDT on TradingView
In the coming weeks, the most conservative targets for SHIB are $0.0000045 and the all-time high is $0.000086. The latter needs a 185% rally before it can be tested.
This could be a conservative goal. When memecoins pump, they tend to be intense, but short. SHIB had one in the second half of 2021 – A 1,639% pump in 50 days.
Is your wallet green? Check the Shiba Inu Profit Calculator
Source: Feeling
The first half of 2025 should be strongly bullish and the all-time high could be called into question over the next 3-4 months. In fact, Santiment data revealed that at press time, network activity was well below its Q4 2021 levels.
However, activity has started to recover in recent weeks. Daily active addresses have been high, but network growth has been inconsistent. The MVRV ratio was also only at 39.25%, compared to 330% observed in October 2021.
Whether the price can make multiples after setting a new ATH will depend on how Bitcoin can reach. As things stand, a Shiba Inu market cap of $80 billion in 2025 cannot be ruled out.
Disclaimer: The information presented does not constitute financial, investment, business or other advice and represents the opinion of the author only.