Shiba Inu (SHIB) price has made a good splash in 2025, better than the original meme coin Dogecoin (DOGE). This has got investors wondering if the “Dogecoin-kiler” SHIB is ready to make a 2021-style comeback. If so, can SHIB overtake Dogecoin’s market cap? In 2021, SHIB briefly overtook Dogecoin’s market cap after Shiba Inu price rallied significantly, and if history rhymes, how high does the meme coin have to rally to achieve this again?
Shiba Inu Price If It Matches Dogecoin’s Market Cap
Shiba Inu has overtaken Dogecoin’s market cap in the past, and considering repetitive patterns in the crypto market, it is likely that SHIB can achieve this again and emerge as the largest and top-performing meme coin. However, to do so, SHIB price would have to register massive gains.
At press time, Dogecoin’s market cap stood at $33 billion according to data from CoinMarketCap, which is notably higher than Shiba Inu’s $8.8 billion. To surpass DOGE, Shiba Inu’s market cap would have to rally by over four times.
Assuming that SHIB’s supply remains at 589 trillion, Shiba Inu price has to hit $0.000056 to reach Dogecoin’s current $33 billion market cap.
At the same time, Dogecoin’s all-time high market cap stands at $73 billion, attained during the 2021 bull market. If the two meme coins rally at the same time and DOGE hits an ATH, SHIB price has to reach $0.00012 to get to Dogecoin’s record high.
Therefore, Shiba Inu’s potential price if it hits Dogecoin’s market cap is between $0.000056 and $0.00012. These two targets are realistic as they are close to SHIB’s ATH of $0.00008, and the resulting market cap is also within reasonable limits.
Can SHIB Realistically Outperform DOGE?
Several factors support a bullish Shiba Inu price prediction and suggest that SHIB can easily outperform Dogecoin and dominate the $70 billion meme coin market.
Firstly, SHIB has a competitive edge over DOGE and other meme coins following the launch of the Shibarium, layer two network, which has bolstered Shiba Inu’s utility. As Coingape recently reported, Shibarium’s recent growth has pushed its DeFi TVL to $3.57 million per DeFiLlama data, while the ShibaSwap DEX has seen a 43% growth in one month.
The growth of Shibarium has been boding well for Shiba Inu price, and usage increases, SHIB has the potential to outperform DOGE and become the biggest meme token.
The ongoing SHIB token burns are also a catalyst for Shiba Inu price gains, as nearly half of Shiba Inu’s supply has been taken out of supply since the meme token launched. If there is an uptick in the current burn rate and SHIB burns 1 trillion tokens daily, the supply will drop significantly. If demand also rises during this period, Shiba Inu can easily reach Dogecoin by market cap ranking.
Therefore, considering SHIB’s 2021 rally where it briefly overtook DOGE and became the largest meme coin, it has the potential to emerge as the biggest meme coin if it repeats previous patterns. However, to achieve this, Shiba Inu price has to surge to between $0.000056 and $0.0001, and the rally to these levels will be influenced by the Shibarium network growth and the SHIB burn rate.
Frequently Asked Questions (FAQs)
Shiba Inu price has to rally to as high as $0.0001 to reach Dogecoin’s market cap. These targets are realistic and can be achieved with a surge in the burn rate, Shibarium usage and growth.
SHIB can realistically overtake DOGE by market cap, as this has happened in the past. To do so, SHIB would have to reach $0.00005 to get to Dogecoin’s current market cap of $33 billion.
Some factors that will influence a Shiba Inu price rally include a spike in the burn rate, the growth of the Shibarium network and high demand.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/what-if-shiba-inu-hits-dogecoins-market-cap-heres-its-potential-price/
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