Shiba Inu and Dogecoin, the two most popular meme coins in the cryptocurrency market, are generating a lot of interest among investors and the crypto community. These two popular altcoins are closely followed by a large following around the world. However, the prediction that Shiba Inu will one day surpass its market value against Dogecoin has become a controversial issue.
Some crypto experts, such as Jake Gagain, believe that Shiba Inu will surpass Dogecoin in the future. This prediction leads to various reactions in the cryptocurrency community.
Well-known cryptocurrency enthusiast Jake Gagain weighs in on the potential market dynamics of the two leading meme coins in their upcoming bull market. your prediction published. Predictions center around Shiba Inu eclipsing Dogecoin in terms of market cap.
$SHIB Will Flip $DOGE Next Bull Run.
NEWS CONTINUES BELOW— JAKE (@JakeGagain) September 26, 2023
Some investors observe that the Shiba Inu is growing rapidly and the ecosystem is constantly evolving. This rise may indicate that Shiba Inu has serious competitive potential against Dogecoin. On the other hand, a group draws attention to the incredible loyalty that Dogecoin has garnered, especially under the auspices of technology mogul Elon Musk.
However, despite all these predictions, current market data shows a significant difference between Shiba Inu and Dogecoin. With a market value of $4.26 billion, Shiba Inu maintains the 17th place in the crypto market. On the other hand, Dogecoin is easily among the top ten cryptocurrencies with a market value of $ 8.6 billion. Additionally, Dogecoin is a leading cryptocurrency in terms of market capitalization with a long history. As community members point out, Dogecoin also stands out as an asset supported by popular names and large companies. Shiba Inu is a relatively new cryptocurrency, and although it is growing rapidly, it may still have a long way to go before it surpasses Dogecoin’s market cap.
If we look at more detailed data, for Shiba Inu to reach a higher market cap than Dogecoin, it needs a market capitalization of over $9 billion. This scenario means that Dogecoin should experience a whopping 111.27% price increase, assuming it maintains market stability. Considering Shiba Inu’s historic success, rising to a market cap of $40.9 billion in October 2021, eclipsing Dogecoin’s $31.5 billion, the scope of this prediction doesn’t seem too far-fetched.
You can follow the current price movement here.
Source : crypto news flash