Scottie Pippen Declares Altcoin Season Is Here, Says Shiba Inu Is One to Watch in 2025

NBA Hall of Famer Scottie Pippen is turning heads in cryptocurrency after announcing his bullish stance on Shiba Inu (SHIB). In a recent tweet, Pippen confidently declared, “Altcoin Season is here,” igniting fresh excitement among retail investors and meme coin enthusiasts alike. His statement comes as alternative cryptocurrencies experience notable price surges, outperforming Bitcoin in the short term.

Pippen Backs SHIB Amid Altcoin Buzz

Pippen’s tweet didn’t just signal the start of a new market phase—he also shared a personal interest in specific digital assets. Shiba Inu stood out among the tokens he highlighted, signalling that the NBA icon sees growth potential in the meme-inspired altcoin. Alongside SHIB, he also mentioned Ethereum, Solana, XRP, Dogecoin, Cardano, and Mog Coin as cryptocurrencies worth watching during this bullish cycle.

The endorsement from a sports figure like Pippen adds fuel to the fire for SHIB investors, many of whom already anticipate a major rally in 2025.

Shiba Inu Outperforms Bitcoin in Weekly Surge

Shiba Inu has been on a strong upward trajectory. Over the past seven days, SHIB surged by 27.89%, significantly outpacing Bitcoin’s 10.09% gain during the same period. The price rally pushed SHIB to a multi-month high of $0.00001720, allowing it to leap ahead of Stellar (XLM) and claim the 14th spot in the global cryptocurrency market rankings by market capitalisation.

While the price has since retraced slightly to the $0.00001652 range, SHIB remains the 14th-largest crypto asset, maintaining investor interest and market relevance.

Are We Really in Altcoin Season?

Although Pippen and others have declared the arrival of altcoin season, market data tells a more cautious story. According to CoinMarketCap, altcoin season is officially recognised when 75% of the top 100 altcoins (excluding stablecoins) outperform Bitcoin over the previous 90 days.

Currently, only 35% of these altcoins have surpassed Bitcoin’s performance in that timeframe. Interestingly, Shiba Inu is not among the outperformers. Over the past three months, SHIB has increased by only 3.31%, while Bitcoin has seen a 6.11% uptick. Based on this metric, the market has yet to enter a full-fledged alt season.

Analysts Stay Bullish Despite Technical Metrics

Despite the data suggesting otherwise, Shiba Inu bulls remain confident. Prominent crypto analysts such as Oscar Ramos and Eunice Wong continue to predict that SHIB could climb to $0.0001, a price level that would mark a new all-time high. SHIB would need to rally more than 500% from its current price to hit that milestone.

This kind of growth, while ambitious, is not out of reach during a euphoric crypto cycle. The combination of celebrity endorsements, rising social sentiment, and increased trading volume could act as catalysts for another parabolic move.

While market indicators suggest we haven’t officially entered altcoin season, momentum is undeniably building—especially for Shiba Inu. Scottie Pippen’s endorsement may have added celebrity firepower, but the fundamentals, community enthusiasm, and recent performance are what continue to sustain SHIB’s rally.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.