Shiba Inu Could Skyrocket to $28B Market Cap This Cycle, Says Top Analyst

The meme coin that refuses to die just got a bullish liftoff forecast.

Shiba Inu—the dog-themed cryptocurrency that turned early investors into overnight millionaires—is back in the spotlight. A prominent market analyst now predicts SHIB could hit a staggering $28 billion market capitalization during this market cycle.

From meme to mainstream?

Once dismissed as a joke, Shiba Inu has clawed its way into the top 20 cryptocurrencies by market cap. The new projection suggests a potential 3-4x surge from current levels, assuming the bull market holds. Not bad for an asset that started as a Dogecoin knockoff.

The fine print

Of course, in crypto-land, predictions are worth slightly less than the paper they're printed on—especially when traditional finance analysts are still trying to figure out whether 'HODL' is a typo or an investment strategy. But with SHIB's ecosystem expanding beyond its meme origins, the forecast isn't entirely barking mad.

One thing's certain: whether this plays out as prophecy or pipe dream, the volatility will be anything but boring.

shiba Inu testing make or break zoneShiba Inu testing make or break zone 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.