Shiba Inu could reach greater heights this year, as an expert has predicted a market cap growth to a historically unprecedented valuation.
Amid its recent downward price trend, Shiba Inu has lost its place in the top 20 crypto ranking by market cap. With its 5.7% correction in the past seven days and over 20% in the last two weeks, SHIB has dropped to a market cap of $7.3 billion and the 22nd spot.
Remarkably, Shiba Inu is not alone in this downtrend; it is mirroring a broader market price shift. Bitcoin is down 3.3% in the past seven days, while XRP is struggling to hold the $3 price mark.
Bullish Price Expectations for Shiba Inu
However, optimism has persisted among the Shiba Inu community. Most recently, crypto influencer Jake Gagain predicted that Shiba Inu would attain a $45 billion market cap this year.
Notably, Shiba Inu surpassed Dogecoin for the first time in October 2021 when it reached a market cap of $39.3 billion. Shiba Inu peaked around the range a few days later, meaning it never reached $45 billion.
As a result, Gagain’s prediction would mark a new market cap peak for Shiba Inu, taking its price with it. From its current valuation of $7.3 billion, this would see SHIB add a value of $37.7 billion, representing an impressive 516% or 5.3x uptick.
Shiba Inu Price If Market Cap Reaches $45B
Meanwhile, Shiba Inu currently stands at $0.00001240 with a circulating supply of 589.24 trillion. If its market cap increases from $7.3 billion to $45 billion, its price would rally with it to $0.00007636.
From $0.00001240, this uptick to $0.00007636 will culminate in a 516% rally. It would also take Shiba Inu to prices last seen since 2021, when it peaked at $0.00008845. Notably, from the lows of $0.00001004 in June, the rally to $0.00007636 would represent a 660% price appreciation.
Interestingly, the Shiba Inu to $0.000070+ outlook aligns with a parallel prediction from analyst Hunters Company. He envisioned the price mark in a TradingView analysis, citing a bounce from a crucial support area.
Market Cap Outlook for Other Memecoins
Meanwhile, Gagain also predicted where other prominent meme coins would reach by the end of 2025. For context, he projected Dogecoin at $87 billion, Pepe at $32 billion, and PENGU at $25 billion.
Other notable outlooks include BONK to $18 billion and BRETT to $12.5 billion. He was more bullish on SPX, noting it would “flip the stock market,” and bearish on WIF, claiming it would go to zero.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
