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Breaking News: Expert Alleges Bitcoin Under Siege Again, ETFs And BlackRock Suspected
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Breaking News: Expert Alleges Bitcoin Under Siege Again, ETFs And BlackRock Suspected

Shiba and Dogecoin Prices Enjoy Post-Election Boost. What Do Analysts Expect for 2025?

Bitcoinist
by Bitcoinist
Last Updated: November 13, 2024 5:50 am
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Dogecoin and Shiba Inu have seen their fortunes come and go—but with the recent US elections in the books, Dogecoin price predictions and Shiba Inu price predictions alike have turned bullish for 2025. In fact, Dogecoin price action is sizzling right now. While Shiba Inu hasn’t exactly lit the world on fire, it is definitely on the right track and ready to piggyback on its “older brother” Dogecoin. 

Dogecoin price prediction estimates turn bullish for EOY

The Dogecoin price has been on a roll in the past month, turning in a 100% gain in the past 30 days to the delight of DOGE holders who held through the peaks and the troughs this year. Based on analysis from IntotheBlock, the Dogecoin price is showing an increasing correlation to Bitcoin’s price. This accounts for Dogecoin’s hot run in the past month, with the Dogecoin price chart closely resembling that of Bitcoin. True enough, as Bitcoin mints new all-time highs, so does the Dogecoin price in response. 

Right now, Dogecoin trades at the $0.31 mark, turning in a 35% gain in the first week of November. Crypto pundits believe that if Dogecoin price action continues its pace even as the afterglow from the bullish post-election atmosphere wears off—Dogecoin could very well break past its 2021 all-time high of $0.72 in 2025. $0.40 is a reasonable EOY target for Dogecoin bulls to close out the year. 

Shiba Inu price prediction: Can SHIB follow suit?

Shiba Inu price is on a mini-rally of its own. While it has come nowhere remotely close to the gains that its brother Dogecoin has made in the past month, Shiba Inu is up by a decent 21% in the past month. Not bad—not bad at all. Although Shiba Inu hasn’t made waves since last March, the improving macroeconomic situation and post-election buzz positions Shiba Inu for a solid, if unspectacular run. While most meme coin action has moved on to Solana meme coins, Shiba Inu and Dogecoin could still serve as “indexes” for the broader meme coin sector for investors who wish to gain exposure.

Shiba Inu’s window for parabolic growth came and went in 2021, when it minted some of the most absurd, eye-watering gains ever seen in crypto. Given its market cap sitting in the tens of billions, it is unrealistic to expect the token to recreate the same chart in the coming years. At most, Shiba Inu holders could expect anywhere from a 2x up to 5x gain from current Shiba Inu prices in 2025. Compared to low-cap gems, Solana meme coins, presale investment opportunities. Shiba Inu is a less enticing long-term investment in 2024 as it was back in 2021. 

Lunex ICO draws over $2 million in presale funding

One of the top investment opportunities that could outpace DOGE and SHIB in 2025 comes in the form of new-generation cross-chain DeFi Lunex. With DeFi being tipped for a resurgence, analysts expect fresh liquidity to flow into the sector, benefiting newer, more innovative projects like Lunex compared to 2021 holdovers that have already mooned.  

Analysts are tipping Lunex to go on a substantial run once it lists—and with presale token prices sitting at just just $0.002, Lunex offers greater upside for parabolic growth in the coming years. 

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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