The meme coin Shiba Inu needs a growth of 280% to match Dogecoin's market capitalization of $28.46 billion. Interestingly, some analysts suggest that this milestone could be reached by November 2027.
At the moment, SHIB is trading at $0.00001277 with a total valuation of $7.52 billion, while the price of DOGE is $0.1902. Several forecasting platforms have set different timelines for when SHIB could close the gap.
Currently, DOGE is almost four times the valuation of SHIB, having an unlimited supply increase structure, initially making the cryptocurrency inflationary. Shiba Inu users, on the other hand, aim to reduce the number of tokens in circulation.
Experts from Changelly have established levels that Shiba Inu could reach by November 2027. Other forecasting platforms have added their timelines; for example, according to Telegaon, Shiba Inu could achieve its target this year.
On the other hand, CoinCodex's calculation is that SHIB will not reach the same market capitalization as DOGE until 2040.
The success of Shiba Inu is supported by the fact that the development of its ecosystem has gone beyond simple trading with the creation of ShibaSwap and Shibarium. At the same time, in the absence of clear results, some users prefer to close positions at a loss to free up liquidity for more profitable trades.