Shiba Inu (SHIB) has booked gains of nearly 30% in the past month as meme coins have made a strong comeback in the second quarter of 2025.
As a result, the token has trimmed its yearly losses from nearly 50% to 28.6% and its upside potential could be huge if meme coins experience a bullish cycle similar to the one seen in 2021.
Josef Rakich, a fitness influencer and crypto investor who typically shares insights on the crypto market, highlighted on Friday that it only took Shiba Inu 4 days to jump from a market cap of $4 billion to $41 billion.
A follower confirmed this information but argued that it was 30 days instead of 4. Nevertheless, this remarkable jump in a relatively short period highlights how fast things can change in the meme coin category and favors a bullish Shiba Inu price forecast at a point when a bullish cycle appears to have started.
SHIB is one of the strongest meme coins out there with a robust community of millions of followers in social media, hundreds of thousands of investors, and an expanding ecosystem that includes native decentralized exchange, staking pools, blockchain-based games, non-fungible tokens (NFTs), and more.
Shiba Inu Price Prediction: Ascending Triangle Breakout Could Push SHIB to $0.00002325
Looking at the daily chart, on May 10, the price broke above an ascending triangle with strong volumes.
Ascending triangles are typically bullish patterns that can deliver significant gains once the price rises above the triangle’s top, a key resistance for SHIB that stood at $0.00001525.
The 21-day exponential moving average (EMA) has crossed above the 50-day EMA, resulting in a bullish golden cross that could also anticipate a significant uptick for the asset.
The height of the triangle is typically used as a reference to determine how high the price of the asset could go. In this case, it results in a potential jump to the $0.00002325, meaning a 53.8% upside potential for SHIB in the near term.
Even though technical indicators don’t support a 10X push, neither did they back in 2021 when SHIB managed to grow its market cap by that significant extent. However, the price action does favor a bullish outlook for the second most valuable meme coin in the world.
Apart from Shiba Inu, Solana meme coins have been surging lately as well. Among them, Solaxy (SOLX) has emerged as one of the best crypto presales of the year as it solves the network’s congestion issues once and for all.
Solaxy (SOLX) Raises $36.5M to Launch its Powerful Solana L2
Solaxy (SOLX) is a layer-two scaling protocol for the Solana blockchain that alleviates the mainnet congestion to eliminate delays and errors permanently.
This presale event was launched in December last year. Since then, the developing team has raised $36.5 million to build and deploy the L2.
Thus far, they have made significant progress with the launch of the Solaxy testnet and the Solaxy Bridge, which was announced this week.
$SOLX, the L2’s utility token, will experience significant demand once the protocol’s mainnet is launch and early buyers will reap the highest returns if they get in at its discounted presale price of $0.001726.
To buy $SOLX, simply head to the Solaxy website and connect your wallet (e.g. Best Wallet). You can either swap SOL or USDT or use a bank card to make your investment.
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