The best financial experts took part in the survey to determine whether Shiba Inu could overtake Dogecoin in terms of market capitalization.
Shiba Inu has been competing with Dogecoin in the top position of Meme Coin Market since 2020 when Shib debuted. Sibainu turned Doge upside down in 2021 when it peaked at around $39 billion in market capitalization, but the milestone was short-lived as Dogecoin quickly overtook it.
Experts are focused on whether SHIB can overtake Doge
Almost four years after Shib became Doge’s biggest Meme Coin in the world, a group of financial experts are focusing on whether Shiba Inu can replicate this feat and overtake Dogecoin in terms of market capitalization.
A group of 14 financial experts participated in a survey conducted by Finders to see if SHIB could overtake Doge.
Of the 14 respondents, the majority, representing 79%, claim that Shib never robs Doge’s market capitalization. 14% of respondents were unsure about the possibility that Shiv would turn Doge over.
However, only a small percentage of respondents expressed confidence that Shiv would overtake Doge. They hope that the Shiva Dog will achieve this milestone in 2026. Despite this claim, the findings show a strong consensus among experts that Shiv’s market valuation is unlikely to surpass Doge.
Finders panelists comment on whether Shiba Inu can overtake Dogecoin
Why Shiv can’t overtake Doge
Interestingly, Unnocoin CEO Dr. Sathvik Vishwanath provided insight into why Shib is difficult to achieve milestones. Experts suggested that the vast supply and speculative nature of Shiba Inu could hinder Shib’s market capitalization growth.
He said that the huge supply of Nishidajima could make it difficult for Sibainu to keep up with Doji’s market capitalization, regardless of the impressive talknomics and passionate community of the former.
Shib has a circular supply of 589.25 trillion tokens, while Doge’s supply is 148.8 billion people. Based on Shiba Inu’s large supply, experts like Vishwanath believe Shib may continue to face challenges that will upset Doge’s market capitalization, whether or not the price rises.
In the meantime, Doge ranks as the eighth largest cryptocurrency and the world’s largest meme coin, with a market capitalization of $24.62 billion. Meanwhile, Shib’s $7.3 billion market capitalization is the 17th largest cryptocurrency and is positioned as Meme Coin, the second largest after Doge.
For Shiba Inu to flip Dogecoin, its market capitalization will need to increase by 240% from around $248.2 billion, from its current value. This estimate assumes that Doge remains static around the $24.62 billion mark, with the distribution supplies for both assets unchanged.
