Could Shiba Inu surge 400%? Can SHIB surpass Dogecoin? Can it recreate the glory days of February and March?
If SHIB is near $0.000018, another 400% surge would take it back to its all-time high near $0.000080.
If SHIB surges 400%, its market cap would surge from about $10.57 billion to over $40 billion. That’s much higher than Dogecoin’s (DOGE) current market cap of $18 billion.
Of course, if Shiba Inu’s price rises rapidly, Dogecoin’s price could follow suit.
It won’t be easy for Shiba Inu to catch up.
Dogecoin has the advantage of having a longer history, its own decentralized blockchain (unlike Shiba Inu’s ERC-20 token), and the backing of the famous billionaire Elon Musk.
Recently, Shiba Inu has been consolidating within a pennant structure, which suggests a breakout could be in the near term.
Recently, Shiba Inu Coin has been consolidating within a pennant structure, which suggests that a breakout may occur in the short term.
