Shiba Inu Price If It Reaches Dogecoin's Market Cap


Since Dogecoin and Shiba Inu are the biggest meme currencies by market cap, their prices have tracked each other. This has raised questions about SHIB's pricing if it achieved Dogecoin's market value.

Shiba Inu Price If It Reaches Dogecoin's Market Cap
MarketCapData suggests that Dogecoin's $28.7 billion market value would make Shiba Inu worth $0.00004883. A Shiba Inu rise to $0.00004883 would be 250% higher than now. SHIB is 0.39x DOGE with a $11.1 billion market value.

While its current ATH is $0.00008845, Shiba Inu has reached the $0.00004883 mark before. Shiba Inu would have a greater market cap if it reached $0.00004883 or its current ATH of $0.00008845, given billions of SHIB tokens have been burned since then.

Ironically, Dogecoin will be inflationary. Even at its $0.73 ATH, Dogecoin would have a lesser market cap. The top meme currency reached its ATH in 2021 with a market valuation of $80 billion. DOGE's $80 billion valuation translates to $0.5.

When Shiba Inu reaches Dogecoin's market value, it will become the eighth-largest currency by market.

SHIB will hit this target soon.
The Shiba Inu price will shortly break $0.00004883. Javon Mark, a crypto expert, anticipates a price surge to SHIB's ATH. He wrote on X that the Shiba Inu has broken out from a Hidden Bull Divergence.

The expert said the Shiba Inu price may be poised for its “next level” performance toward $0.000081. He also said that the Bitcoin bull run may start this price rise. The Bitcoin price increase may boost Shiba Inu because of their price link.

IntoTheBlock data suggests a positive price connection between Shiba Inu and Bitcoin at 0.54. With such a positive view for Shiba Inu, Javon Marks believes the 300% rally to SHIB's ATH is near.

CoinMarketCap reports the Shiba Inu price at $0.000019, up over 2% in 24 hours.

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