Shiba Inu (SHIB) Aims to Dethrone Dogecoin (DOGE) as the Meme Coin King

Shiba Inu (SHIB) stands as a major rival to Dogecoin (DOGE) in the ongoing battle for meme coin supremacy. The competition between the two assets has also led most analysts to speculate about the time Shiba Inu will achieve the same market cap as Dogecoin, which dominates the meme coin market.

Shiba Inu (SHIB) is a major rival to Dogecoin (DOGE) in the ongoing battle for meme coin supremacy. The competition between the two assets has also led most analysts to speculate about the time Shiba Inu will achieve the same market cap as Dogecoin, which dominates the meme coin market.

Shiba Inu’s Current Performance and Market Structure

The price of Shiba Inu declined by 3.44% over the past day and is trading at $0.00001277 at press time, with a market capitalization of $7.52 billion. According to CoinMarketCap, the circulating supply of Shiba Inu is 589.24 trillion SHIB, which is nearly at its maximum supply of 589.55 trillion.

Meanwhile, Shiba Inu’s 24-hour trading volume surged by 4% to $220.52 million. This lighter activity has not stalled the token’s gains, as it continues to climb steadily, breaking through recent resistance levels. Analysts see a bullish short-term trend, but they highlight that higher trading volumes would be needed to sustain any major rally in the coming sessions.

Related: Shiba Inu Price Signals 28% Crash After Bearish Pattern Breaks

Dogecoin’s Position and Market Comparison with Shiba Inu

Dogecoin remains the leader in the meme coin industry, trading at $0.1902 and having a market capitalization of $28.46 billion. Unlike Shiba Inu, there is no limit to the Dogecoin supply. Both the total supply and circulating supply are 149.65 billion DOGE, and the coin experienced a 24-hour trading volume of $1.61 billion.

The significant trading volume, combined with a 6% price increase, reflects strong investor demand and active market participation. Different supply dynamics are the focus of the competition. Shiba Inu utilizes aggressive token burns and ecosystem expansion to support price appreciation, whereas Dogecoin’s unlimited supply makes it an inflationary asset. Large, active communities support both coins, but they differ in their technology strategies and long-term ambitions.

When Could Shiba Inu Equal Dogecoin’s Market Cap?

For Shiba Inu to reach Dogecoin’s current market cap of $28.46 billion at the time of writing, Shiba Inu would have to pump by over 280%. Based on its current supply, SHIB would need to rise to around $0.00005155. Changelly experts estimate that Shiba Inu could attain this level in November 2027.

In comparison, a few other analysts believe that SHIB might be able to reach this time by the end of this year, and a new all-time high may be established if bullish sentiment gains more traction. Other analysts, including those available at CoinCodex, indicate that SHIB might not achieve the same market cap as DOGE until 2040, showing that the coin still needs to grow in terms of ecosystem adoption and trading volume.