Is Shiba Inu On Track To Dethrone Dogecoin? Here’s What The Experts Say
A recent poll by Finders reveals that 79% of financial experts believe Shiba Inu (SHIB) will never surpass Dogecoin (DOGE) in market capitalization. Only 7% are optimistic about SHIB overtaking DOGE, predicting it could happen as early as 2026, while 14% remain uncertain. Experts cite SHIB's massive circulating supply of 589.25 trillion compared to DOGE's 148.82 billion as a significant barrier to surpassing DOGE's market cap. Currently, Dogecoin ranks eighth with a market cap of $24.60 billion, while Shiba Inu is in 17th place at $7.3 billion, requiring a 240% increase in value for SHIB to match DOGE, assuming constant prices. Despite this skepticism, recent trading data shows a surge in SHIB's daily trade volume, rising from 96 billion to over 224 billion tokens, indicating increased interest from large investors. In 2021, SHIB briefly surpassed DOGE in market cap but quickly lost its position.
