According to former Goldman Sachs analyst Murad Mahmudov, in 2024 another meme coin will overtake Dogecoin as the most popular cryptocurrency. In October 2021, Shiba Inu momentarily overtook Dogecoin, although the lead was fleeting. With a market valuation of $15.3 billion compared to $8.3 billion for dogwifhat (WIF) and Pepe (PEPE), its two largest competitors, Dogecoin now enjoys an outstanding advantage. Nonetheless, some analysts contend that given the significant differences between Dogecoin and prospective rivals, it is implausible for any other joke coin to overtake the original. As an inflationary cryptocurrency, Dogecoin's total supply is essentially limitless, and its growth is essential to compensating miners and maintaining cheap network costs. Dogecoin is superior than non-inflationary meme currencies even though its monetary base is decreasing.