[Ex-Goldman Sachs predicts that Dogecoin will be flipped, will it be Shiba Inu? 】
Former Goldman Sachs analyst Murad Mahmudov says cryptocurrency investors are being misled into believing Dogecoin (DOGE) cannot be surpassed, which is one of the biggest scams. He believes this perception is a manipulation that helps DOGE maintain dominance, but another meme coin could overtake Dogecoin in the 2024/2025 market cycle.
It is worth noting that Shiba Inu Coin (SHIB) surpassed DOGE in October 2021, becoming the first meme coin with a market value exceeding Dogecoin. However, as the price of Shiba Inucoin dropped, DOGE regained its position.
As of now, Dogecoin remains the largest meme coin by market capitalization at $15.67 billion, while Shiba Inucoin ranks second at $8.48 billion. Still, Murad believes DOGE could be flipped in future market cycles, but he didn't specify which asset might make that happen.
For Shiba Inucoin to surpass Dogecoin, its market capitalization would need to grow by at least 84.77% to reach $15.67 billion, which would mean the price would need to rise from the current $0.00001438 to $0.00002657. It remains to be seen whether Shiba Inu Coin can surpass DOGE in the future.
