What if Shiba Inu Hits the Same Market Value as Dogecoin? Price Insight
Summary
- Shiba Inu’s price would need to surge over 4x to match Dogecoin’s market cap.
- SHIB briefly surpassed Dogecoin’s market cap in 2021 — history could repeat.
- Key drivers of such gains include Shibarium adoption and increased SHIB burn rate.
What if Shiba Inu Hits Dogecoin’s Market Cap? Here’s SHIB’s Potential Price
Shiba Inu (SHIB) has posted notable gains over the past week amid renewed bullish momentum across the broader crypto market. This has reignited speculation about whether SHIB can once again overtake Dogecoin’s market cap.
Back in 2021, Shiba Inu briefly flipped Dogecoin after a major rally. If history repeats itself, how much would SHIB need to rise to reclaim the top meme coin spot?
SHIB Price If It Matches Dogecoin’s Market Cap
SHIB has previously outpaced Dogecoin, and with recurring trends common in crypto cycles, it’s possible SHIB could do it again. But for that to happen, Shiba Inu would need to post a substantial rally.
Shiba Inu: $8.8 billion (as per CoinMarketCap)
Current Market Caps:
Dogecoin: $33 billion
- Required Surge:
- To match Dogecoin, SHIB’s market cap must grow over 4x from current levels.
- Assuming SHIB’s circulating supply stays at 589 trillion, the price would need to reach $0.000056.
- Dogecoin’s All-Time High Market Cap:
- DOGE peaked at $73 billion in 2021.
- For SHIB to match that, it would need to hit $0.00012.
Therefore, Shiba Inu’s potential price range if it hits Dogecoin’s market cap lies between $0.000056 and $0.00012—both levels within reach, considering SHIB’s all-time high of $0.00008.
The growth of Shibarium is proving to be a strong driver for Shiba Inu’s price, and as its usage continues to increase, SHIB has the potential to outpace Dogecoin and claim the top spot as the largest meme token.
Additionally, the ongoing SHIB token burns are playing a key role in boosting the price, as nearly half of Shiba Inu’s total supply has been burned since its launch. If the burn rate accelerates and 1 trillion SHIB tokens are burned daily, the total supply will decrease drastically. If demand also picks up during this period, SHIB could easily catch up to DOGE in market cap ranking.
Looking at SHIB’s 2021 rally, when it briefly overtook DOGE and became the largest meme coin, the same pattern could unfold again. To achieve this, Shiba Inu’s price would need to surge to between $0.000056 and $0.0001, with the growth of the Shibarium network and an increase in the SHIB burn rate playing crucial roles in driving this rally.
