In the current cycle, Solana (SOL)-based memecoins are more prominent, while Dogecoin (DOGE) and Shiba Inu (SHIB), the favorite memecoins of the 2021 bull, seem to have remained in the background.
While some investors think that DOGE and SHIB will become investors' favorites again, some have given up hope for this bull.
However, Joao Wedson, CEO of analytics firm Alphractal, shared his new analysis of SHIB. The renowned CEO stated that SHIB will return to prominence.
Wedson noted that on-chain data indicates that SHIB is in the accumulation phase and the price is likely to rise.
Stating that one metric signals that the SHIB price could increase by at least 125%, the CEO stated that SHIB will experience a big bull run, albeit late.
Wedson also underlined that the cryptocurrency peak will have arrived when memecoins become the focus of attention in the market again.
Shiba Inu (SHIB) was a famous memecoin in 2021, but will it be able to gain traction again in 2025?
On-chain data suggests that SHIB is in the accumulation phase. Metrics like Realized Cap Impulse suggest the company could soon turn positive, attracting speculative capital and pushing its price higher.
But NUPL still shows a lot of money at risk, causing investors to hesitate.
Meanwhile, Alpha Price (our proprietary metric), which we rarely exceed but acts like a massive magnet, is signaling that SHIB could rise by at least 125%.
Despite the current instability in the crypto market, SHIB will come to the fore sooner or later. When memecoins take center stage, you can be sure this will be the peak of this crypto cycle.
*This is not investment advice.
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By Bitcoin Sistemi
about 4 hours ago
