Is Shiba Inu (SHIB) set to replace Dogecoin (DOGE) as the king of meme coins? According to a new poll conducted by Finder, the answer is likely “no”—at least for now.
The survey, which included insights from 14 financial experts, revealed that 79% believe SHIB will never overtake DOGE in market capitalization. Only 7% were confident that Shiba Inu could flip Dogecoin, predicting it might happen by 2026, while the remaining 14% were undecided.
This overwhelming skepticism underscores a prevailing belief in the market: despite its popularity, Shiba Inu still faces serious obstacles in surpassing Dogecoin.
Massive Supply Remains SHIB’s Achilles’ Heel
One of the biggest roadblocks? Supply.
Dr. Sathvik Vishwanath, jurisdictional head at Unocoin, pointed out the stark difference in circulating supply between the two tokens. SHIB has a circulating supply of 589.25 trillion, compared to DOGE’s 148.82 billion.
Even with Shiba Inu’s strong community backing and promising tokenomics, Vishwanath argues that such an enormous supply prevents SHIB from reaching DOGE’s market cap in any realistic timeframe.
Market Capitalization Gap Still Wide
As of now, Dogecoin holds the 8th spot in global crypto rankings with a market cap of $24.6 billion, while Shiba Inu sits at 17th place with just $7.3 billion.
For SHIB to catch up, it would need a 240% increase in value, assuming Dogecoin’s price remains unchanged and both tokens maintain their current supply levels.
Whale Activity Signals Changing Sentiment
While experts remain doubtful, on-chain data tells a different story.
According to IntoTheBlock, Shiba Inu recently saw a massive surge in whale activity, with daily trade volume skyrocketing from 96 billion SHIB on April 13 to 224 billion SHIB on April 14.
This kind of movement from large holders could suggest that institutional and whale investors are positioning themselves ahead of a potential rally, indicating that sentiment might be shifting, even if analysts aren’t on board yet.
Flashback to 2021: SHIB’s Brief Reign
This isn’t the first time SHIB has come close to DOGE. Back in 2021, Shiba Inu momentarily overtook Dogecoin in market cap, hitting $39 billion. But the victory was fleeting—Dogecoin quickly reclaimed its throne as the top meme coin.
Despite that, SHIB’s rise demonstrated its ability to mobilize retail investors and grab headlines, suggesting its underdog story isn’t over yet.
What’s Next for SHIB and DOGE?
While expert sentiment remains largely bearish on SHIB surpassing DOGE, the increase in whale transactions could be a precursor to price action. With crypto markets known for their volatility, meme coin dynamics can shift rapidly.
Only time—and the whales—will tell if SHIB can mount a true comeback.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
