Shiba Inu Eyes 393% Rally, Dogecoin Targets 333% Gains: What's Happening?

Dogecoin DOGE/USD and Shiba Inu SHIB/USD are showing steady price action, but on-chain data and technical indicators suggest a massive rally could be on the horizon.

Cryptocurrency	Price	24-Hour Trend
Dogecoin DOGE/USD	$0.2636	-5.7%
Shiba Inu SHIB/USD	$0.00001563	-3.4%
Pepe PEPE/USD	$0.00001001	-5.0%

Trader Notes: Crypto trader Javon Marks predicts that Shiba Inu could surge nearly 10x to $0.0001553.

The initial target is $0.000081 (+393%), but strong buyer accumulation on dips could fuel an even larger move. Consolidation at current levels could strengthen the long-term breakout.

The current consolidation may enhance the longevity of the rally, increasing the chances of surpassing $0.000081 and targeting $0.0001553 (+840%).

For Dogecoin, Marks sees a strong breakout momentum with $0.6533 as the next target. If DOGE clears this resistance, it could push toward $1.2511—a potential 333% gain.

Meanwhile, crypto trader Bluntz Capital highlights that despite meme coin struggles, DOGE is showing relative strength, which could signal a shift in market dynamics.

His ABC correction analysis on DOGE's USD and BTC pairs suggests a potential bottom, setting up for a 2x-3x move.

More Crypto Online notes that DOGE needs to reclaim $0.34 to confirm a market bottom.

If $0.18 holds as support, the bullish outlook remains intact, keeping the possibility of new highs this cycle alive.

$DOGE: A move back above $0.34 is needed to strengthen the case for a confirmed low. Until then, the possibility of a lower low remains valid, though there isn't much room before the likelihood of new highs in this cycle becomes less realistic. As long as there is no sustained… pic.twitter.com/YU7e28XaZ1

— More Crypto Online (@Morecryptoonl) February 4, 2025

Statistics: Shibburn data reveals that Shiba Inu's burn rate surged 471.8% in a single day, with 15.4 million SHIB burned. One large transaction alone removed 12.7 million SHIB from circulation.

Meanwhile, Shibarium’s daily transactions have remained steady at 4.7 million, reinforcing network activity strength.

IntoTheBlock data shows Shiba Inu whale transactions spiked 280.9% while transactions greater than $100,000 expanded from 215 to 577 in a single day.

However, daily active addresses dropped 2.7%.

Community News: Grayscale announced that "Grayscale Dogecoin Trust is finally here and open to eligible accredited investors."

The objective of this trust is to gain exposure to the token underlying the Dogecoin Network (“DOGE”) in the form of a security while avoiding the challenges of buying, storing and safekeeping DOGE directly.

Shiba Inu marketing lead Lucie noted that the community has entered a historic partnership with UAE Ministry of Energy & Infrastructure (MoEI).

The government's official stated, "Shiba Inu's decentralized solutions align perfectly with our mission to innovate energy and infrastructure."

MoEI will leverage Shiba Inu's platform to integrate Web3 solutions into key sectors such as energy and infrastructure.

Canadian blockchain company Neptune Digital Assets purchased 1 million DOGE tokens for approximately $270,000.

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