Despite underperforming in recent weeks, Shiba Inu (CRYPTO:SHIB) is predicted by some analysts to experience a substantial price rally.

SHIB's price has dropped 8% over the past week, with its market cap falling below $15 billion.

However, analysts like the X user Mags believe SHIB could reach an all-time high of $0.00014 by September, suggesting the current level is the last chance to buy before significant gains.

Another analyst, CryptoYoddha, forecasts a rise to $0.000075 by the end of 2024, projecting growth for other meme coins like Pepe (CRYPTO:PEPE) and Dogecoin (CRYPTO:DOGE) as well.

Increased activity from large investors, such as a whale accumulating 715 billion SHIB on June 5, could drive positive sentiment and price surges, though significant sell-offs by whales could lead to sharp declines.