Shiba Inu has seen strong price increases since the beginning of 2025, benefiting from a broad market rally in cryptocurrency before the pro-crypto Trump administration takes power at the White House on January 20.
The latest price of SHIB is just above $0.000024, up 14% in the past three days, but recent whale activity surges suggest prices could rise even further this month.
According to Lookonchain, a whale withdrew 220 trillion SHIB tokens worth $4.6 million earlier this week after being inactive for five months.
Whales are often regarded as 'smart money' when buying in at favorable prices, with a good risk-reward ratio and high short-term price increase potential. Therefore, some may interpret this recent whale move as a buy signal.
Shiba Inu Chart Analysis Also Shows Potential for Higher Price Increases
Chart analysis also indicates that the price of Shiba Inu will likely rise by the weekend and in the coming months.
In the past two weeks, SHIB has found strong support as this stock's upward trend resumed from its summer 2024 lows.
Recently, the price also saw a strong recovery from the 200 DMA last month and rose again on Friday to test a key resistance level around $0.000024.
Simple chart analysis shows that the potential recovery to the December high of $0.000033 is possible.
It can be said that the fundamental factors are supporting the likelihood of prices rising further in the coming weeks.
The new Trump administration, a passionate supporter of cryptocurrency, will arrive at the White House in just over 2 weeks, signaling the beginning of a new golden age for the U.S. cryptocurrency industry and the market in general.
There is great hope that Trump or Congress will establish a strategic Bitcoin reserve fund, which would accelerate global accumulation, pumping a large amount of liquidity into the cryptocurrency market.
Broadly speaking, a regulatory environment that supports cryptocurrency will drive rapid growth in cryptocurrency and the adoption of major alternative currencies like Ethereum.
This could help boost capital flows into Ethereum ETFs, benefiting meme coins in the Ethereum ecosystem such as Shiba Inu (SHIB) or Pepe (PEPE).
At any time, the meme coin season could return, and as one of the leading coins in this space, SHIB will be a major beneficiary.
How High Can SHIB Go?
According to CoinMarketCap, the latest market capitalization of SHIB was about $14 billion, still down 70% from its all-time high in 2021.
A fourfold price increase to an all-time high is certainly on the horizon as the current bull market matures.
Whether SHIB can continue to surpass previous highs and achieve a market cap of around $100 billion remains to be seen.
Shiba Inu has a large and dedicated community of investors, and with a strong and growing web3 ecosystem, Shiba Inu certainly deserves its current market cap.
But to achieve a market cap of $100 billion, the cryptocurrency market will likely need to become extremely sentimental and irrational. And we still have a long way to go to achieve this.
A better way to achieve 10x returns or more in the meme coin market may be to invest in newer, smaller, and lesser-known meme coins with significant growth and development potential.
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