Can Shiba Inu (SHIB) Overtake Dogecoin (DOGE) in Market Cap? Experts Are Skeptical

Among them, Shiba Inu (SHIB) and Dogecoin (DOGE) have become iconic rivals. But can Shiba Inu actually overtake Dogecoin in market cap?

In the ever-evolving world of cryptocurrencies, meme coins continue to capture investor attention. Among them, Shiba Inu (SHIB) and Dogecoin (DOGE) have become iconic rivals. But can Shiba Inu actually overtake Dogecoin in market cap? A recent survey suggests the odds might be stacked against it—at least for now.

A recent poll among 14 seasoned finance professionals reveals that a majority (79%) lack confidence in Shiba Inu’s ability to surpass Dogecoin in market capitalization.

Currently, Dogecoin is the 8th-largest cryptocurrency, trading at $24.60 billion. In comparison, Shiba Inu is the 17th largest coin, valued at $7.3 billion.

However, considering the circulating supply, which is 589.25 trillion SHIB compared to 148.82 billion DOGE, the difference in price serves as an indicator of the market's relative preference for each coin.

Despite a loyal community and recent marketing pushes, Shiba Inu faces an uphill battle to close the gap.

However, there's a glimmer of hope. Despite expert doubt, SHIB is witnessing a surge in whale activity, with significant wallet holders boosting daily trading volume.

This rise hints at potential shifts in market dynamics, sparking speculation that major players might be preparing for a strategic play.

Shiba Inu isn't new to the spotlight. Back in 2021, the meme coin rose to an impressive $39 billion market cap, momentarily outpacing Dogecoin and dominating meme coin narratives.

This flash of dominance highlights the volatile and unpredictable nature of crypto markets, where sentiment can shift in an instant.

To conclude, while Shiba Inu's future trajectory remains uncertain, the ongoing rivalry with Dogecoin ensures it stays in the crypto conversation.

Only time will tell whether SHIB can do the impossible and overtake DOGE in market cap, but investors are certainly watching closely.