Shiba Inu and Pepe have become two of the largest meme coins in the crypto industry, boasting a combined market cap of nearly $30 billion.
Pepe (PEPE) trading at $0.00002200, up by over 3,700% from its lowest level in 2023. Similarly, Shiba Inu (SHIB) has surged over 17,000% from its all-time low, elevating its valuation to more than $18 billion.
Both coins are expected to continue performing well as the crypto bull run persists. The altcoin season index has climbed to 83, and the crypto fear and greed index has moved to 85.
Their recent performance has sparked speculation about whether these meme coins could hit $1 by 2025. But how realistic is this prediction?
Shiba Inu price needs to rise by 3.2 million percent to get to $1
SHIB price was trading at $0.000030 on Dec. 6, meaning it would need to increase by 3,225,805% to reach $1. While such growth is not impossible in the crypto world, it is highly unlikely to happen anytime soon.
Still, technicals suggest that the Shiba Inu price has more upside in the coming months. The daily chart shows that the coin has found some resistance at the 38.2% Fibonacci Retracement level.
This price is also notable because it is at the weak, stop, & reverse point of the Murrey Math Lines. As such, this means that it has some more upside to get to the ultimate resistance point at $0.0000357.
The bigger picture is that the coin has formed a cup and handle pattern. It has now moved to the upper side, which explains why it is consolidating.
Therefore, by measuring the depth of the cup, it means that Shiba Inu price will rise and cross the year-to-date high of $0.000045 and then hit $0.00005486.
Pepe price should rise by 4,545,355% to get to $1
Like Shiba Inu, Pepe has a long way to get to $1. In its case, it needs to rise by over 4 million percent to get to that milestone.
On the bright side, Pepe has formed bullish patterns that could push its price higher in the short term. The token is currently developing a bullish pennant pattern—a combination of a vertical line and a symmetrical triangle—often associated with upward momentum.
Pepe also completed a break and retest at the support level of $0.00001723, which aligns with the upper side of a cup and handle pattern. Additionally, the token formed a golden cross pattern in September, signaling potential bullish momentum.
By measuring the depth of the cup pattern, Pepe’s price could climb to $0.00002877 during this bull cycle.
