Shiba Inu (SHIB) has quickly evolved from a meme coin to a serious contender in the crypto space, challenging the dominance of the Dogecoin while aiming to surpass its market cap. Several key factors are driving this potential rise for Shiba Inu (SHIB), including its strong community support, strategic tokenomics, and recent technological developments that position Shiba Inu (SHIB) as a formidable rival to the Dogecoin price.
Currently the Shiba Inu (SHIB) market cap sits at £10.9 billion while the Dogecoin market cap stands at £21.08 billion. These figures show that the Dogecoin market cap surpasses that of Shiba Inu (SHIB) by almost 2X, meaning Shiba Inu (SHIB) will have to double its market cap before it can beat Dogecoin.
Moreover, the price of Shiba Inu (SHIB) is presently trading at £0.000018 while the Dogecoin price is about £0.14, according to CoinMarketCap. The difference in both market cap and value is clear, as Shiba Inu (SHIB) will require substantial momentum and support to surpass the Dogecoin price and market cap.
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