Can Shiba Inu and Pepe Prices Rise to $1 by 2025?

Shiba Inu (SHIB) and Pepe (PEPE) are among the most well-known meme coins in the cryptocurrency space, boasting impressive market caps and dramatic price increases. As of late 2023, both tokens have experienced significant price surges, with Shiba Inu soaring over 17,000% from its all-time low and Pepe climbing by over 3,700% from its lowest point. This rapid growth has raised questions about whether these coins could reach $1 by 2025. However, reaching such a price point comes with substantial challenges, and we will examine the factors affecting their potential growth.

Shiba Inu’s Journey to $1: A 3.2 Million Percent Increase

At the time of writing, Shiba Inu (SHIB) is trading around $0.000030. To reach the $1 mark, SHIB would need to increase by approximately 3,225,805%. While such astronomical growth is not impossible in the highly volatile crypto market, it is extremely unlikely for this price target to be reached in the short term.

Despite this, technical indicators suggest that Shiba Inu could still see some growth in the coming months. The daily chart shows that SHIB has encountered resistance at the 38.2% Fibonacci Retracement level, and this level is also significant because it aligns with the stop and reverse point of the Murrey Math Lines. Given these technical signals, it is possible that SHIB will continue to rise and may reach its next resistance point at $0.0000357, moving past the year-to-date high of $0.000045 before possibly climbing further to $0.00005486.

In the bigger picture, Shiba Inu has formed a cup and handle pattern, a bullish chart formation that typically precedes an upward breakout. This setup suggests that SHIB could experience further upward momentum in the near term, but even with these bullish indicators, a rise to $1 would require an extraordinary increase that is unlikely to occur within the next few years.

Pepe’s Journey to $1: A 4.5 Million Percent Increase

Similarly, Pepe (PEPE) faces a monumental climb to $1, as the token would need to increase by 4,545,355%. Currently, Pepe is trading at $0.00002200. While this price target may seem almost unattainable, Pepe also has some bullish patterns that could support potential price increases in the short term.

Pepe is currently developing a bullish pennant pattern, which is a technical formation that combines a vertical line and a symmetrical triangle. This formation is often associated with upward momentum, signaling that the token could rise in the near future. Additionally, Pepe recently completed a break and retest at the support level of $0.00001723, which aligns with the upper side of a cup and handle pattern. This is another positive technical indicator that suggests upward movement is possible.

In September, Pepe also formed a golden cross pattern, a widely recognized bullish signal that often indicates a potential price rally. Based on the depth of the cup and handle pattern, some analysts suggest that Pepe’s price could climb to $0.00002877 in the ongoing bull cycle. While this represents a substantial increase, it still falls far short of the $1 milestone.

The Road to $1 is Long and Unlikely for Meme Coins

While both Shiba Inu and Pepe have experienced incredible price gains and continue to show some positive technical signals, reaching $1 in the near future is highly unlikely. For Shiba Inu to hit $1, it would need to increase by over 3 million percent, while Pepe would need a price increase of over 4.5 million percent. These kinds of price moves are exceedingly rare in the crypto market, even during bull cycles.

However, the ongoing bullish market sentiment, with metrics like the altcoin season index at 83 and the crypto fear and greed index at 85, suggests that both coins could see further growth in the short to medium term. While these coins may continue to rise and provide substantial returns for investors, a $1 price point by 2025 remains highly speculative.

Investors in Shiba Inu and Pepe should be aware of the high risks and volatility associated with meme coins, as their prices are often driven by market sentiment and social media trends rather than fundamentals. Thus, while the dream of reaching $1 may captivate many, the path to that price point is fraught with challenges.