Crypto trader Jake Gagain forecasts a steep rise in Shiba Inu market value, predicting the token could more than triple from its current market cap.
In a post on X, the analyst revealed that he believes SHIB can have an impressive outing in this current cycle that will triple its market cap from $8 billion to $28 billion.
Shiba Inu is trading at $0.00001382 after a 0.8% daily decline, reducing its weekly gain to 12.3%. Shiba Inu reached its all-time high after a 150,000,000% surge to $0.00008845, a $41 billion market cap, in October 2021 before retracing to the current level, an 84% decrease. A rise from this current price to $28 billion will represent a 250% surge, with the Shiba Inu price rising to about $0.00004837.
The last time Shiba Inu came close to this price was December 2024, reaching $0.00004534 after climbing from a low of $0.0000088. This represented a 400% increase. Since then, SHIB’s price has dwindled to this current level.
Notably, Jake’s $28 billion market cap target would place SHIB alongside some of the largest assets by valuation, specifically just below Cardano with $29 billion market cap, but above Hype and Chainlink in the current standing.
Other Analysts Predict Shiba Inu Price
Notably, Trader Mike revealed he entered a SHIB position at $0.0000167 on April 9, after spotting a bullish daily candle close. His short-term goal is $0.00004529, a 249% gain from entry, while other targets include $0.00004595, $0.00005414, $0.00007526, and $0.00008869, last seen during SHIB’s 2021 rally.
Another analyst on TradingView believes the token must clear the $0.00001856 resistance to escape its downtrend, opening paths to $0.00004807 and $0.00007078, similar to Jake’s prediction.
Other projections suggest a gradual climb from $0.00002800 to $0.00003500, matching key resistance zones. A break above could lead to $0.00004170, marking a near 98% rise from current prices.
Meanwhile, other analysts are even more bullish on Shiba Inu’s price. Prominent analyst Crypto Nuclear recently pointed to Shiba Inu’s potential surge of 514% to 589%. He identified $0.00001090 to $0.00001190 as a crucial Shiba Inu (SHIB) support zone. He projects that holding this level could fuel a breakout toward $0.00007870 and $0.00008836.
Meanwhile, “Investments CEO” predicted Shiba Inu could reach $0.001, a level implying a $589 billion market cap for SHIB. While offering no fundamental drivers for the targets, he urged his nearly 600,000 followers to engage with the post, suggesting the visibility could draw new investors and fresh capital into both tokens.
Jake Sees Four Other Memecoins Surging Significantly
Notably, in his recent disclosure, Jake suggested Dogecoin could maintain memecoin market leadership. Dogecoin is trading at $0.240 after a 0.7% daily loss, cutting its monthly gain to 17.5%. With a current market cap of $34 billion, DOGE remains the largest memecoin by value. Jake projects its market cap could climb to $80 billion, keeping it ahead of rivals.
Meanwhile, Jake described PEPE as one of the fastest-growing memecoins ever launched. It reached an all-time high market cap of $11.5 billion in December 2024 before pulling back to $5 billion. The token, priced at $0.0000123 after a 1.4% daily drop, has risen 16.7% in the past week but remains down 1.7% over the past month. Jake believes PEPE could exceed $30 billion in market cap this cycle, outpacing SHIB.
Jake also mentioned Pengu among the five memecoins. Pengu, an eight-month-old token, is trading at $0.0410 after a 3.2% daily increase. It has risen 15% in the past week, bringing its market cap to $2.5 billion. Jake sees Pengu reaching $25 billion by the cycle’s end, saying it has “changed the game” in the memecoin space.
Among the mentioned tokens, SPX posted the most impressive numbers in recent days. SPX trades at $1.97, with monthly gains of 24.7%. Its year-to-date performance stands at 10,575%, and its market cap is $1.6 billion. Jake offered a more unconventional forecast for SPX, claiming it could “flip the stock market” and “go to infinity” in this cycle.
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.
