- Jake Gagain predicts SHIB’s market cap could triple to $28B, pushing its price to around $0.00004837.
- Analysts see breakout levels near $0.00001856 and $0.000045 as key, with some ultra-bullish targets reaching $0.001.
- Jake also sees big moves ahead for DOGE, PEPE, Pengu, and SPX in this cycle.
Crypto trader Jake Gagain has thrown a bold forecast into the memecoin arena, predicting Shiba Inu’s market cap could rocket from its current $8 billion to $28 billion in this cycle. That kind of leap would mean SHIB’s price jumps from $0.00001382 to roughly $0.00004837 — a 250% surge. For perspective, SHIB’s all-time high in October 2021 was $0.00008845, giving it a $41 billion market cap before it retraced 84%. The last time SHIB got close to Jake’s target was December 2024, when it hit $0.00004534 after a blistering 400% climb from $0.0000088.
Analyst Predictions and Key Levels to Watch
Jake’s $28B target would position SHIB just under Cardano in the rankings, but above Hype and Chainlink. Trader Mike, who entered at $0.0000167 in April, is eyeing a short-term target of $0.00004529, with further milestones up to $0.00008869. Another TradingView analyst points to $0.00001856 as the breakout level needed to escape SHIB’s downtrend, unlocking potential moves toward $0.00004807 and $0.00007078. Meanwhile, analyst Crypto Nuclear sees a possible 514–589% surge if SHIB holds its $0.00001090–$0.00001190 support, aiming for $0.00007870 and $0.00008836.
Outlier Bull Calls and $0.001 Dream
Some predictions stretch even further — “Investments CEO” claimed SHIB could hit $0.001, implying a staggering $589 billion market cap. While no fundamentals were given to support the number, the post encouraged engagement to potentially bring more eyes and capital into SHIB. Such sky-high calls remain speculative, but they fuel the hype cycle that memecoins often thrive on.
Jake’s Other Memecoin Picks for This Cycle
Jake isn’t putting all his chips on SHIB. He expects Dogecoin to keep its memecoin crown, possibly climbing from its current $34B market cap to $80B. PEPE, which saw an $11.5B peak in late 2024, could push past $30B according to him. Pengu, an eight-month-old Solana-based memecoin, might surge from $2.5B to $25B, and SPX — already up over 10,500% YTD — is the wild card in Jake’s book, with an audacious “flip the stock market” comment hinting at limitless potential.
