Jake Gagain predicts Shiba Inu market cap could surge from $8B to $28B.
Analysts see key resistance breaks as vital for SHIB’s bullish momentum.
Some forecasts target SHIB prices matching or exceeding 2021’s all-time highs.
Shiba Inu could be gearing up for a major leap, according to a respected crypto trader. Jake Gagain believes the meme-inspired token might triple in value during the current market cycle. From an $8 billion valuation today, he sees it climbing to a remarkable $28 billion. Such a surge would not only energize the SHIB community but also place the token alongside some of the biggest names in crypto.
https://twitter.com/JakeGagain/status/1954636737558589725?t=tKn1DhqNszv7Q3xgPGsqQA&s=19 Analyst Sees SHIB Climbing Toward $28
BJake shared his forecast on X, sparking a fresh wave of discussion among traders. He projects Shiba Inu’s market value soaring by 250%, which would lift the price to around $0.00004837. While this remains well below SHIB’s October 2021 peak of $0.00008845, it represents a powerful comeback from current levels. The token is now trading at $0.00001382 after a slight 0.8% daily dip. This decline trimmed its weekly gains to 12.3%, showing the usual volatility that makes meme coins unpredictable.
Yet, SHIB has proven it can stage dramatic rallies before. In December 2024, it reached $0.00004534 after a massive 400% climb from a low of $0.0000088. Jake’s $28 billion target would position Shiba Inu just under Cardano, which currently sits at $29 billion, and ahead of major projects like Hype and Chainlink. This would mark a shift in the crypto leaderboard and signal a renewed confidence in SHIB’s market position. Other traders share similar optimism.
Bullish Targets and Potential Roadblocks
Some analysts argue the path to $28 billion will require breaking key resistance levels. One TradingView analyst suggests $0.00001856 as the first major barrier. Clearing that could open the way to $0.00004807 and $0.00007078, echoing Jake’s long-term vision. Other projections are more gradual.
Some see a climb from $0.00002800 to $0.00003500 before testing $0.00004170. Still, others lean far more bullish. Crypto Nuclear points to a potential surge of 514% to 589%, identifying $0.00001090 to $0.00001190 as a vital support zone. Holding that range could fuel a charge toward $0.00007870 and $0.00008836, levels that would ignite widespread excitement. Perhaps the boldest projection comes from “Investments CEO,” who claims SHIB could reach $0.001. While no clear fundamentals were provided, he suggested social engagement could attract new investors and fresh capital.
If momentum builds and resistance levels give way, SHIB might surprise even the most skeptical observers. Whether through steady accumulation or sudden rallies, the token has shown it can defy expectations. Traders watching from the sidelines may find themselves tempted to join the ride before the next major push. The coming months could prove decisive.
