The potential price surge of Shiba Inu Coin ($SHIB ) has indeed attracted much attention from the market. If the price of SHIB is close to $0.000018 and it rises by 400% again, it will return to its historical high of nearly $0.000080. Such a rise would surge SHIB's market value from approximately $10.57 billion to more than $40 billion, which would exceed the current market value of Dogecoin (DOGE), which is currently around $18 billion.

Of course, if the price of SHIB rises rapidly, the price of Dogecoin may also rise with it. However, it will not be easy for SHIB to catch up with Dogecoin. The advantage of Dogecoin is that it has a longer history and has its own decentralized blockchain, which is different from the nature of SHIB as an ERC-20 token.

SHIB is the second most popular meme coin after Dogecoin and has experienced developments and challenges in recent weeks. Although SHIB has fallen by more than 20% since the beginning of 2024, it reached a high of $0.00001092 on January 2, after which the price declined but gradually rebounded to $0.000008984 on February 2.

Digital Coin Price (DCP) predicts a potential price of $0.0000181 for SHIB, showing a bullish outlook for the coin. However, Wallet Investor (WI) provides a more conservative estimate, predicting a price of around $0.000004030.

Whether SHIB can recreate the glory days of February and March requires consideration of multiple factors, including market trends, community support, and future development. Although SHIB has strong community support and continues to advance in ecosystem development, such as its partnership with Scallop, which aims to accelerate the development of decentralized finance (DeFi) in the Sui ecosystem, there is still a lot of uncertainty in market sentiment and price volatility.

Investors should exercise caution and conduct thorough market research when considering investing in SHIB or other cryptocurrencies. Cryptocurrency investments carry inherent risks and market volatility may result in significant losses.