$SHIB
$DOGE
Shiba Inu’s Path to Beating Dogecoin: How High It Must Climb
Shiba Inu falls to 23rd position as Toncoin advances in crypto rankings
Token requires 376% market cap increase to challenge Dogecoin’s position
Target price of $0.00005939 necessary for successful DOGE overtaking
Shiba Inu has dropped to the 23rd position in cryptocurrency market capitalization rankings following recent market turbulence. Toncoin has claimed the 22nd spot, and has now displaced SHIB as trading volumes declined across digital assets.
The global cryptocurrency market has contracted by 1.2% to reach $3.78 trillion in total valuation. This downturn has affected multiple tokens, with meme coins particularly facing pressure during the correction period.
Mathematical Requirements for DOGE Flip
To reach $35 billion and overtake Dogecoin’s present valuation, Shiba Inu’s market capitalization would need to rise by 376.83%, according to analysis. This computation makes the assumption that Dogecoin’s market capitalization of about $32 billion will hold steady during any prospective SHIB surge.
For SHIB tokens, a $35 billion market capitalization would correspond to a $0.00005939 unit price. This price level would position Shiba Inu as the eighth-largest cryptocurrency by market cap, pushing Dogecoin to ninth place in the rankings.
The $0.000059 price target has historical precedent for SHIB. The token achieved this level in October 2021 before reaching its all-time high of $0.00008845. During that period, SHIB briefly entered the top 10 cryptocurrencies and temporarily flipped Dogecoin on several occasions.