Will Shiba Inu Outperform Dogecoin? Here’s What Crypto Experts Think!

Updated

April 18, 2025

Gambar Will Shiba Inu Outperform Dogecoin? Here’s What Crypto Experts Think!

Jakarta, Pintu News – A number of leading financial experts took part in a survey to assess whether Shiba Inu could potentially surpass Dogecoin in terms of market capitalization.

Since its inception in 2020, Shiba Inu has been competing with Dogecoin for the top spot in the meme coin market.

Although in 2021 Shiba Inu managed to overtake Dogecoin with a market capitalization of around $39 billion, the achievement did not last long as Dogecoin soon reclaimed its position.

Experts Weigh in on SHIB’s Chances of Overtaking DOGE

Almost four years after Shiba Inu (SHIB) briefly unseated Dogecoin (DOGE) as the world’s largest meme coin, a group of financial experts are now giving their views on the possibility of SHIB reclaiming the position in terms of market capitalization.

A total of 14 financial experts participated in the survey conducted by Finder to assess the chances of SHIB overtaking DOGE.

Of the total respondents, a large majority – around 79% – believe that SHIB will never surpass Dogecoin’s market capitalization. Meanwhile, 14% of respondents expressed uncertainty regarding the possibility of SHIB turning things around.

Only a small minority, about 7% of the experts, are optimistic that SHIB can overtake DOGE. They predicted that the Shiba Inu could reach the milestone as early as 2026.

However, overall, the survey results indicate a strong consensus that SHIB’s market valuation is unlikely to outperform Dogecoin in the near future.

Why SHIB is Having Trouble Overtaking DOGE

shiba inu memecoin shifu — Source: Coinpedia

Interestingly, Dr. Sathvik Vishwanath, CEO of Unocoin, gave a view on why SHIB will find it difficult to reach the milestone.

According to him, the huge supply of Shiba Inu tokens and their speculative nature are the main factors hindering the growth of SHIB’s market capitalization.

Vishwanath emphasized that SHIB’s large supply makes it a tough challenge to catch up to Dogecoin’s market capitalization, even though Shiba Inu has interesting tokenomics and a very enthusiastic community.

Currently, SHIB has a circulating supply of 589.25 trillion tokens, much larger than Dogecoin’s 148.82 billion tokens.

With such a huge supply, experts like Vishwanath believe that SHIB will continue to face difficulties overtaking DOGE in terms of market capitalization, even if SHIB prices surge.

Meanwhile, DOGE ranks as the world’s eighth-largest crypto and largest meme coin, with a market capitalization of $24.62 billion.

On the other hand, SHIB ranks 17th with a market capitalization of approximately $7.3 billion, making it the second largest meme coin after DOGE.

For Shiba Inu to surpass Dogecoin, SHIB’s market capitalization would need to grow by around 240% of its current value, reaching a range of $24.82 billion – assuming that DOGE’s market capitalization remains stable at around $24.62 billion and there is no change in the amount of circulating supply of both assets.

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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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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