Analyst Says Shiba Inu Could “Run Hard” in Next Dog Season

A popular crypto commentator has expressed renewed confidence in leading meme cryptocurrencies, particularly Shiba Inu, alongside Dogecoin and Floki.

In a recent post on X, the analyst argued that the dog-themed token has demonstrated resilience by surviving multiple market downturns and periods of alleged market manipulation. As a result, he believes Shiba Inu could record massive rallies once the “dog season” cycle returns.

Key Points

• A crypto analyst named Shiba Inu, alongside Dogecoin and Floki, among his top meme coin picks.
• The analyst argued that Shiba Inu has demonstrated strong resilience, having survived multiple crypto market downturns and prolonged bearish conditions.
• According to the expert, $SHIB could “run hard” and record significant gains once the next dog season market cycle begins.
• Some bullish catalysts have weakened recently, as $SHIB’s 24-hour burn volume totaled only 8.6 million tokens while Shibarium daily transactions remained around 7,220.

Top Influencer Explains Why Shiba Inu Remains a Favorite

Crypto commentator Shelby, who boasts nearly 270,000 followers, identified Shiba Inu as one of his favorite dog-themed cryptocurrencies. He also named Dogecoin and Floki among his top meme coin picks.

According to Shelby, Shiba Inu earned his support because it survived what he described as years of bad markets and market manipulation. In his view, the token proved its resilience during prolonged crypto downturns that wiped out many weaker projects.

Notably, Shelby’s comments reinforce one of Shiba Inu’s strongest long-term narratives: survival. Unlike many meme coins that vanished after brief hype cycles, Shiba Inu has expanded significantly since its launch in August 2020. The project evolved from a simple meme token into a broader ecosystem featuring multiple initiatives, including Shibarium.

Shiba Inu to Run Hard: Shelby

Given this resilience, Shelby predicts that Shiba Inu, alongside Dogecoin and Floki, could “run hard” during the next “dog season.” In other words, he expects the tokens to post strong upward price movements during a period when dog-themed cryptocurrencies outperform the broader market.

Notably, Shiba Inu’s last major rally occurred in late 2024, when the token surged above $0.000033. Since then, $SHIB has posted only modest gains amid broader market weakness.

Although analysts like Shelby remain bullish on Shiba Inu’s long-term prospects, some critics remain skeptical about the token’s ability to stage another explosive rally. They point to declining community engagement, weak Shibarium adoption, slowing burn activity, and what they describe as fading team support as factors that could limit future growth.

$SHIB Shows Mixed Performance

These concerns appear to be reflected in recent network data. Over the past 24 hours, the ecosystem destroyed only 8.61 million $SHIB tokens, while Shibarium’s daily transaction volume is around 7,220.

At its current price of $0.000005530, Shiba Inu holds a market cap of roughly $3.25 billion, making it the 30th-largest cryptocurrency globally. Meanwhile, the token has declined 0.78% over the past 24 hours and 3.85% in the past week.

Despite the recent weakness, Shiba Inu’s exchange reserve data suggests that selling pressure may be easing. Notably, investors withdrew approximately 204.5 billion $SHIB tokens from exchanges within the past 24 hours, signaling reduced short-term sell-side activity.

Despite Shelby’s bullish projections, it remains uncertain whether a “dog season” will return or if Shiba Inu will participate in it.