Could Shiba Inu Outpace Dogecoin in the Next Cycle?
- Analysts predict SHIB could outperform DOGE by 3x in the next bull cycle, with price targets as high as $0.000856.
- Key projections suggest market caps between $256B and $500B if SHIB hits its upper targets.
- Lack of institutional backing and an anonymous dev team remain key hurdles for Shiba Inu’s next big rally.
Some analysts are buzzing with the idea that Shiba Inu (SHIB) might outshine Dogecoin (DOGE) in the coming bull cycle, maybe even by a huge margin. We ran the numbers, estimating SHIB’s price if it grows three times faster than DOGE in the next major market move.
Dogecoin, the original meme coin launched back in 2013, still enjoys its status as a cult favorite, especially with Elon Musk giving it nods every now and then. But Shiba Inu, which hit the scene in 2020, has been gunning for that top meme spot ever since. At one point in 2021, SHIB even surpassed DOGE by market cap—though that victory didn’t last long. Today, Dogecoin leads the meme coin world with a $35.69 billion market cap, while SHIB trails behind at around $8.27 billion.
Experts Predict SHIB’s Rise
Plenty of Shiba Inu fans believe this underdog can take the crown, possibly by 2028 or 2029. Kevin Capital, a well-known Dogecoin analyst, even suggested that SHIB is preparing to outperform DOGE. A Finder survey echoed that sentiment, with some experts betting on SHIB to edge past Dogecoin as early as 2026.
If this happens, the math looks pretty wild. Imagine Dogecoin shooting up by 1,000%—Shiba Inu, growing at three times that pace, could surge by 3,000%. With DOGE sitting at $0.2375, a 1,000% gain would land it at about $2.61. Meanwhile, SHIB would rocket to roughly $0.000435 from its current $0.00001404.
If DOGE pushes 1,500%, SHIB might rally 4,500% to $0.000645. And in an ultra-bullish scenario, where DOGE soars 2,000%, SHIB could hit $0.000856, implying a market cap north of $500 billion.
Price Targets & Community Hype
The levels of $0.0004, $0.0006, and $0.0008 aren’t just theoretical—several market watchers are already calling them. Earlier this year, Bitcoin enthusiast Crypto ELITES highlighted SHIB’s “strong technical setup,” suggesting a target near $0.0004729. We also estimated back in January that SHIB could break $0.000645, climbing even higher if it mirrored Elon Musk’s net worth of $409 billion at the time.
Finder’s 2024 survey put the $0.00085 target within reach by 2035, giving SHIB investors something long-term to aim for.
The Catch: Proceed With Caution
As bullish as these forecasts sound, nothing’s guaranteed. Shiba Inu still lacks big institutional catalysts—no spot SHIB ETF has been filed yet, which could otherwise inject serious liquidity. The project’s anonymous team also remains a sticking point for some investors, raising doubts about long-term trust and stability.
Until SHIB lands major adoption or ecosystem upgrades, these price targets should be taken with a grain of salt. Still, the potential upside has meme coin traders watching closely.
The post Could Shiba Inu Outpace Dogecoin in the Next Cycle? first appeared on BlockNews.
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Could Shiba Inu Outpace Dogecoin in the Next Cycle?
- Analysts predict SHIB could outperform DOGE by 3x in the next bull cycle, with price targets as high as $0.000856.
- Key projections suggest market caps between $256B and $500B if SHIB hits its upper targets.
- Lack of institutional backing and an anonymous dev team remain key hurdles for Shiba Inu’s next big rally.
Some analysts are buzzing with the idea that Shiba Inu (SHIB) might outshine Dogecoin (DOGE) in the coming bull cycle, maybe even by a huge margin. We ran the numbers, estimating SHIB’s price if it grows three times faster than DOGE in the next major market move.
Dogecoin, the original meme coin launched back in 2013, still enjoys its status as a cult favorite, especially with Elon Musk giving it nods every now and then. But Shiba Inu, which hit the scene in 2020, has been gunning for that top meme spot ever since. At one point in 2021, SHIB even surpassed DOGE by market cap—though that victory didn’t last long. Today, Dogecoin leads the meme coin world with a $35.69 billion market cap, while SHIB trails behind at around $8.27 billion.
Experts Predict SHIB’s Rise
Plenty of Shiba Inu fans believe this underdog can take the crown, possibly by 2028 or 2029. Kevin Capital, a well-known Dogecoin analyst, even suggested that SHIB is preparing to outperform DOGE. A Finder survey echoed that sentiment, with some experts betting on SHIB to edge past Dogecoin as early as 2026.
If this happens, the math looks pretty wild. Imagine Dogecoin shooting up by 1,000%—Shiba Inu, growing at three times that pace, could surge by 3,000%. With DOGE sitting at $0.2375, a 1,000% gain would land it at about $2.61. Meanwhile, SHIB would rocket to roughly $0.000435 from its current $0.00001404.
If DOGE pushes 1,500%, SHIB might rally 4,500% to $0.000645. And in an ultra-bullish scenario, where DOGE soars 2,000%, SHIB could hit $0.000856, implying a market cap north of $500 billion.
Price Targets & Community Hype
The levels of $0.0004, $0.0006, and $0.0008 aren’t just theoretical—several market watchers are already calling them. Earlier this year, Bitcoin enthusiast Crypto ELITES highlighted SHIB’s “strong technical setup,” suggesting a target near $0.0004729. We also estimated back in January that SHIB could break $0.000645, climbing even higher if it mirrored Elon Musk’s net worth of $409 billion at the time.
Finder’s 2024 survey put the $0.00085 target within reach by 2035, giving SHIB investors something long-term to aim for.
The Catch: Proceed With Caution
As bullish as these forecasts sound, nothing’s guaranteed. Shiba Inu still lacks big institutional catalysts—no spot SHIB ETF has been filed yet, which could otherwise inject serious liquidity. The project’s anonymous team also remains a sticking point for some investors, raising doubts about long-term trust and stability.
Until SHIB lands major adoption or ecosystem upgrades, these price targets should be taken with a grain of salt. Still, the potential upside has meme coin traders watching closely.
The post Could Shiba Inu Outpace Dogecoin in the Next Cycle? first appeared on BlockNews.
Read More