- Recent developments, particularly the SEC’s acknowledgment of a Dogecoin ETF filed by Grayscale, could alter the future of Shiba Inu and other meme coins.
- Coincodex predicts that Shiba Inu’s value could surge monumentally, potentially reaching as much as 340% by August 2025.
The cryptocurrency market is no stranger to volatility, and meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have become some of the most talked-about tokens in recent years. While initially regarded as mere memes, both coins have attracted significant attention from retail investors and the broader crypto community.
Among them, Shiba Inu has often been labeled the “Dogecoin killer,” amassing a loyal following. However, with recent developments involving Dogecoin and the U.S. Securities and Exchange Commission (SEC), there’s a growing belief that SHIB could see a surge in value, potentially as much as 340%, according to a prediction from Coincodex.
The Dogecoin Factor
One of the main reasons for SHIB’s surge is the recent news we reported on Friday: The SEC accepted Grayscale’s submission of 19b-4 filings for a Dogecoin Exchange Traded Fund (ETF). This fund aims to track DOGE’s price through CoinDesk’s DCX index.
As a result, DOGE surged by 3%, extending its weekly gains to 17%, while SHIB gained more than 9% in response to the news. Under Gary Gensler’s administration, such filings were dismissed, but with the shift in leadership under Donald Trump, the atmosphere surrounding these filings has changed.
If a DOGE ETF is approved, Dogecoin is likely to attract more institutional interest, causing its value to skyrocket. In turn, Shiba Inu could benefit from a “trickle-down effect,” with new investors flocking to SHIB as a more affordable alternative to Dogecoin, hoping to replicate its gains.
Another key factor driving Shiba Inu’s potential growth is the increased regulatory focus on cryptocurrencies by the U.S. SEC. The SEC launched a new Crypto Task Force aimed at providing clearer regulatory guidelines for digital assets. Led by SEC Commissioner Hester Peirce, this task force will work to address regulatory gaps in the crypto market. While these regulations may not immediately impact Shiba Inu, they could have a significant effect on SHIB’s price in the coming months.
As a decentralized, community-driven token, SHIB could stand out, attracting attention from investors seeking alternatives to government-regulated assets. In fact, CoinCodex predicts a potential 123% surge for SHIB this month alone. Currently, Shiba Inu is trading at $0.00001591, ranked 17th, with a market capitalization of $9.37 billion.
While it has seen an 8% drop in trading volume, settling at $168 million, and a slight decline of 1.25% in the past 24 hours, the future looks bright. If SHIB surges by the 340% predicted, its price would rise to $0.000070004, moving past it’s all-time high of $0.00008845 from 2021.
