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Shiba Inu’s 293% Surge Faces Meme Rival: Can Neo Pepe Overtake in 2025?
Shiba Inu’s price surge is catching the attention of crypto traders as a familiar pattern emerges on its charts. The popular meme coin shows a double-bottom harmonic pattern that typically signals strong recovery potential. Since mid-2023, SHIB has maintained its position above an ascending trendline while forming an XABCD harmonic pattern that could push prices to $0.0000464 by 2024. That’s a 285% jump from current levels.
Technical analysis points to an initial breakout target near $0.00003342, matching November’s peak. The double-bottom formation at $0.00001030 strengthens the bullish reversal case with a neckline target at $0.00001760. However, traders should watch the $0.000010 support level closely. Breaking below this would cancel the bullish outlook faster than you can say “doge.”
Several factors are fueling SHIB’s momentum beyond just chart patterns. The Nasdaq 100 and S&P 500 hitting record highs created a risk-on environment that benefits crypto assets. Bitcoin’s cup-and-handle formation suggests a major rally ahead, and history shows altcoins like SHIB tend to follow Bitcoin’s lead. Rising Bitcoin ETF inflows add more fuel to this crypto fire. The surge aligns with patterns where celebrity endorsements can significantly impact cryptocurrency prices, potentially accelerating SHIB’s upward trajectory.
But SHIB isn’t running unopposed in the meme coin race. Pepe Coin (PEPE) has entered the chat with impressive gains and growing whale accumulation. Currently priced at $0.00000825 with a $3.48 billion market cap, PEPE trails SHIB’s $7.5 billion valuation but shows faster recent growth. While SHIB sits 85% below its all-time high, PEPE is only 70% down from its peak. Despite SHIB’s recent dip to a 16-month low of $0.00001010, the coin maintains its position as the 19th-largest cryptocurrency by market cap.
The competition highlights different strengths. SHIB boasts a mature ecosystem with Shibarium blockchain development and NFT projects, giving it utility beyond memes. Its established community provides stability that newer coins lack. Meanwhile, PEPE rides pure speculative momentum and social media virality, attracting traders seeking quick gains but accepting higher volatility.
Long-term forecasts vary wildly. Conservative estimates place SHIB between $0.000011 and $0.000014 by 2030, while optimistic projections suggest $0.0002649 by 2032. PEPE’s future remains cloudier, depending heavily on maintaining meme relevance.
For investors doing their own research (dyor), both coins offer different risk-reward profiles. SHIB provides ecosystem depth and community strength, while PEPE offers explosive short-term potential. The 2025 meme coin throne remains up for grabs.
