In the current cycle, Solana (SOL) based memecoins are more prominent, while the popular memecoins of the 2021 bull market, Dogecoin (DOGE) and Shiba Inu (SHIB), seem to be lagging behind.
While some investors believe DOGE and SHIB will become favorites among investors again, others have lost hope for this bull.
However, Joao Wedson, CEO of the analysis company Alphractal, shared his new analysis regarding SHIB. At this point, the famous CEO stated that SHIB would come to the forefront again.
Wedson noted that on-chain data shows SHIB is in an accumulation phase and that the price is expected to rise.
The CEO stated that a metric indicates SHIB's price could rise by at least 125%, expressing that SHIB will experience a significant bull run sooner or later.
Wedson also emphasized that when memecoins regain interest in the market, it will signal the peak of the cryptocurrency market.
"Shiba Inu (SHIB) was a famous memecoin in 2021, but will it attract attention again in 2025?"
On-chain data shows that SHIB is in an accumulation phase. Metrics like Realized Cap Impulse indicate that the company could soon turn positive, attract speculative capital, and increase its price.
However, NUPL still shows that a lot of money is at a loss, which causes investors to hesitate.
Meanwhile, the Alpha Price (our proprietary metric), which we rarely exceed but behaves like a massive magnet, indicates that SHIB could rise by at least 125%.
Despite the current uncertainty in the crypto market, SHIB will eventually stand out. When memecoins are the focus, you can be sure this will be the peak of this crypto cycle.
Stay tuned for the latest developments.
