- Shiba Inu could see its market capitalization expand to $80 billion in Q1 2025
- When memecoins rally, it is short but intense – Be ready to take profits
Shiba Inu [SHIB] has a strongly bullish outlook for the next 6-9 months, and potentially longer based on the length of Bitcoin’s [BTC] bull run. In the past two cycles, the focus on the crypto sphere started with Bitcoin, but it soon began to shift to alts.
In 2017, it went to ICOs and token sales. And, in 2021, DeFi tokens and NFT assets grabbed the public’s attention. Will this bull run be the one for the memecoin supercycle? Well, Murad Mahmudov’s speech at the TOKEN2049 Conference emphatically made the case for this phenomenon.
Can Shiba Inu catch up to Dogecoin?
Source: DOGE/USDT on TradingView
Dogecoin [DOGE], at press time, had an impressive $65 billion market cap, standing 7th on CoinMarketCap’s rankings. It went from $500 million in market cap in December 2020 to $84 billion just six months later. This nearly-200x rally inspired many new memecoins, with Shiba Inu being one of them.
Now, there are hundreds of memecoins as competition now. Even with more capital in the market, SHIB could struggle to match DOGE’s gains.
As always, it is the top dogs that draw the public’s attention and money. DOGE, SHIB, and Pepe [PEPE] could be the top performers this time.
Price prediction 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 at $0.000086. The latter needs a 185% rally before it can be tested.
This could be a conservative target. 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 portfolio green? Check the Shiba Inu Profit Calculator
The first half of 2025 is likely to be strongly bullish and the all-time high could be challenged over the next 3-4 months. In fact, Santiment’s data revealed that at press time, network activity was well below its Q4 2021 levels.
Activity has begun to recover in recent weeks though. Daily active addresses have been high, but the network growth’s been inconsistent. The MVRV ratio was also only at 39.25%, compared to 330% seen during October 2021.
Whether the price can do multiples after setting a new ATH would be based on how hit Bitcoin can go. As things stand, a $80 billion market cap Shiba Inu in 2025 cannot be ruled out.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
