👀 💥 #SHIB has emerged as a formidable contender in the meme coin arena, often dubbed the "Dogecoin killer." However, as of May 2025, 🌞 Dogecoin (#doge⚡ ) maintains a significant lead in market capitalization, standing at approximately $24.6 billion, while SHIB trails with a market cap of around $7.3 billion.
Key Factors Influencing SHIB's Potential to Overtake DOGE
1. Market Capitalization Gap
For SHIB to surpass DOGE, it would need to increase its market cap by over 240%, assuming DOGE's valuation remains constant.
2. Token Supply Dynamics
SHIB's vast circulating supply of 589.25 trillion tokens presents a challenge in achieving significant price appreciation. In contrast, DOGE has a circulating supply of 148.82 billion tokens.
3. Ecosystem Development
SHIB has been proactive in expanding its ecosystem, introducing features like a decentralized exchange and token-burning mechanisms. These initiatives aim to enhance utility and reduce supply over time.
4. Community and Influencer Support
DOGE benefits from endorsements by high-profile individuals, notably Elon Musk, which have historically influenced its price positively. SHIB's growth has been more community-driven, relying on grassroots support and decentralized initiatives. 99Bitcoins
5. Expert Opinions
A survey by Finder revealed that 79% of financial experts believe SHIB will not overtake DOGE in market capitalization, citing challenges like its massive token supply.
Conclusion
While SHIB has made significant strides in building its ecosystem and community, overtaking DOGE in market capitalization remains a formidable challenge. Factors such as the substantial supply gap, DOGE's established brand, and influential backing contribute to its current dominance. However, the dynamic nature of the cryptocurrency market means that shifts can occur, and SHIB's continued development and community engagement could influence its future standing.
🔍Cryptocurrency investments carry risks. Therefore, this is not financial advice (No BSH recommendation). Hence please do your own research (DYOR) before making investment decisions.
