Shiba Inu vs Dogecoin: Can SHIB Overtake DOGE? Here’s What the Experts Say

Updated

April 17, 2025

Gambar Shiba Inu vs Dogecoin: Can SHIB Overtake DOGE? Here’s What the Experts Say

Jakarta, Pintu News – The competition between two meme-themed cryptocurrencies, Shiba Inu and Dogecoin , is again a hot topic among crypto market participants and analysts. While both are rooted in internet culture and strong online communities, fundamental differences in token structure and market capitalization have many experts predicting that Shiba Inu will most likely not be able to unseat Dogecoin as the premier meme coin.

Survey Results: Majority of Experts Doubt SHIB Can Beat DOGE

According to a recent survey conducted by Finders of 14 financial experts, 79% of respondents stated that Shiba Inu will never surpass Dogecoin in terms of market capitalization. Only 7% of respondents were optimistic that SHIB could overtake DOGE, and they predicted it could happen as early as 2026.

Meanwhile, the remaining 14% are still undecided, reflecting the hesitancy among crypto market watchers. The results of this survey illustrate the market consensus that currently leans more towards keeping Dogecoin as the leader of meme-themed crypto assets.

Also Read: XRP Current State: Price Consolidation and Potential Breakout Amid Ripple and SEC Deal

Supply problem is the main obstacle for Shiba Inu

One of the main reasons behind the skepticism towards SHIB’s potential is the massive amount of supply. Currently, Shiba Inu’s circulating supply stands at 589.25 trillion tokens, far surpassing Dogecoin’s 148.82 billion tokens. This imbalance makes it difficult for SHIB’s market capitalization to rival DOGE’s, despite community support and a tokenomics scheme that is considered quite good.

Dr. Sathvik Vishwanath of Unocoin explained that this massive supply is a big obstacle for SHIB to approach the capitalization of DOGE, especially when the prices of both tokens are relatively stagnant. This shows that differences in token fundamentals greatly affect the market’s perception of long-term investment viability.

Current Market Position: DOGE Stays Above SHIB

In terms of ranking, Dogecoin is currently in eighth place on the list of the largest cryptocurrencies by market capitalization, with a value of around $24.60 billion or around Rp413.7 trillion (exchange rate of Rp16,820/USD). Meanwhile, Shiba Inu is in 17th place with a market capitalization of $7.3 billion or Rp122.8 trillion.

To compete with DOGE, the market value of SHIB needs to increase by at least 240% assuming that the price of DOGE does not change and both have a fixed circulating supply. This shows that the gap between the two assets is still quite wide and it would take a big change for SHIB to overtake DOGE.

SHIB Whale Activity Indicates a Change in Sentiment?

Although the majority of experts are skeptical, recent data shows an increased interest from large investors in SHIB. According to IntoTheBlock, SHIB’s daily trading volume increased to 224 billion tokens within 24 hours. Inflow from whales jumped from 96 billion on April 13 to 224 billion on April 14.

This increased activity indicates a possible change in sentiment from large market participants. Typically, whale movements precede price movements, as they tend to accumulate before a spike in value. This opens up the opportunity that SHIB still has short-term potential that speculative investors can capitalize on.

Competition Track Record: SHIB Beats DOGE

Interestingly, this is not the first time SHIB and DOGE have competed in market capitalization. In 2021, Shiba Inu briefly outperformed Dogecoin by touching a market capitalization of $39 billion. However, this position didn’t last long and DOGE soon reclaimed the title of number one meme coin.

It is evident that while SHIB has momentary appeal, DOGE remains more robust in terms of community foundation, market acceptance, and value sustainability.

Conclusion

The competition between Shiba Inu and Dogecoin continues to be in the spotlight in the cryptocurrency world, but based on analysis from the majority of experts and current market data, Dogecoin still has a significant advantage.

Although whale activity shows signs of potential price movement in SHIB, structural challenges such as the large supply and market capitalization gap make DOGE’s dominance difficult to shift in the near future. For investors, it is important to understand these dynamics before making decisions in meme-based crypto assets.

Also Read: XRP Price Outlook After Ripple and SEC Lawsuit Settlement

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

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