Shiba Inu (SHIB) could be set for a huge run this cycle, according to crypto trader Jake Gagain. In a recent post on X, Jake predicted that SHIB’s market cap could more than triple from current levels, reaching around $28 billion before the bull run ends.
Bullish Targets for SHIB
Jake’s optimism follows other bullish calls on SHIB. Trader Mike revealed he entered a SHIB position back on April 9 at $0.0000167 after spotting a strong daily candle close. His first short-term target is $0.00004529, a 249% gain from his entry. He also mapped out higher targets at $0.00004595, $0.00005414, $0.00007526, and $0.00008869 – the last two matching levels from SHIB’s 2021 rally.
Another analyst on TradingView noted that SHIB must break the $0.00001856 resistance to escape its current downtrend. Clearing this level could open the way to $0.00004807 and $0.00007078, which lines up closely with Jake’s forecast.
Expert Predicts $28B Market Cap for #ShibaInu in Current Cycle. #SHIB 🧵🧵🧵 pic.twitter.com/W0ZIfGPaM1
— TheCryptoBasic (@thecryptobasic) August 11, 2025
Other projections see SHIB moving in steps – first from $0.00002800 to $0.00003500, then on toward $0.00004170. That would be close to a 98% gain from where SHIB is trading now.
Read also: Key Indicator Shows It’s Time to Buy PEPE Again: How High Could It Go Now?
Even More Bullish Outlooks
Some analysts are aiming much higher. Crypto Nuclear pointed to a potential surge of 514% to 589% for SHIB, as long as it can hold the $0.00001090 to $0.00001190 support zone. In his view, that would set up a breakout toward $0.00007870 and $0.00008836.
And in one of the boldest calls yet, “Investments CEO” predicted SHIB could reach $0.001 – which would give it a staggering $589 billion market cap. While he didn’t list any major catalysts for this target, he suggested that increased visibility and new investor interest could help push SHIB higher.
Other Memecoin Forecasts
Jake also shared predictions for other top memecoins. He expects Dogecoin (DOGE) to remain the market leader, climbing from its current $34 billion market cap to $80 billion this cycle. DOGE is currently trading at $0.240 after a small daily drop, trimming its monthly gain to 17.5%.
For PEPE, Jake called it one of the fastest-growing memecoins ever. It hit an $11.5 billion market cap in December 2024 before pulling back to $5 billion. Now trading at $0.0000123, PEPE is up 16.7% in the last week, and Jake believes it could exceed $30 billion in market cap this cycle.
He also mentioned Pengu, an eight-month-old token trading at $0.0410 with a $2.5 billion market cap. Pengu is up 15% in the past week, and Jake sees it hitting $25 billion by the end of the cycle, calling it a “game-changer” in the memecoin space.
SPX, meanwhile, has posted the most eye-catching gains. Now trading at $1.97, SPX is up 24.7% this month and an incredible 10,575% year-to-date, with a $1.6 billion market cap. Jake made the bold claim that SPX could “flip the stock market” and “go to infinity” in this cycle.
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