Can Shiba Inu and Pepe prices rise to $1 in 2025?

Shiba Inu and Pepe have become two of the biggest meme coins in the crypto industry, with a combined market cap of nearly $30 billion.

Pepe (PEPE) is trading at $0.00002200, up over 3,700% from its 2023 low. Similarly, Shiba Inu (SHIB) has surged over 17,000% from its all-time low, pushing its valuation to over $18 billion.

Both coins are expected to continue performing well as the crypto bull run continues. The altcoin season index rose to 83, and the crypto fear and greed index rose to 85.

Their recent performance has fueled speculation about whether these meme coins could reach $1 by 2025. So how realistic is this prediction?

Shiba Inu price needs to increase 3.2 million percent to reach $1

SHIB price was trading at $0.000030 on December 6, which meant it needed to rise 3,225,805% to reach $1. While such growth in the crypto world is not impossible, it is unlikely to happen anytime soon.

However, technical data suggests that the Shiba Inu price will rise further in the coming months. The daily chart shows that the coin is finding some resistance at the 38.2% Fibonacci Retracement level.

This price is also notable because it is at the weak, stop and reversal point of the Murrey Math Lines. This means it has some more upside to reach the eventual resistance at $0.0000357.

The big picture is that the coin forms a cup and handle pattern. Now it has moved to the top, which explains why it is consolidating.

SHIB price chart | Source: crypto.news

Therefore, measuring the depth of the cup means that the Shiba Inu price will rise and cross the year-to-date high of $0.000045 and then reach $0.00005486.

Pepe price needs to increase by 4,545,355% to reach $1

Like the Shiba Inu, Pepe has a long way to go to reach $1. In this case, it needs to increase by over 4 million percent to reach this milestone.

On the bright side, Pepe has created bullish formations that could push its price up in the short term. The token is currently developing a bullish pennant pattern consisting of a combination of a vertical line and a symmetrical triangle, which is usually associated with upward momentum.

Pepe also made a break and retest at the $0.00001723 support level, which is aligned with the top of the cup and handle pattern. Additionally, the token formed a golden cross pattern in September, signaling potential bullish momentum.

Pepe painting | Source: crypto.news

By measuring the depth of the cup formation, Pepe’s price may rise to $0.00002877 during this bull cycle.