Though experts agree that SHIB won’t flip DOGE, market participants expected meme coins to skyrocket when other altcoins rose, Shiba Inu [SHIB] and Dogecoin [DOGE] being the top two of these. At the time of writing, Shiba Inu’s market cap was $6.11 billion, while Dogecoin’s market cap was more than double that of SHIB at $12.83 billion.
The underwhelming performance of both cryptocurrency was eclipsed by debate surrounding Shiba Inu’s ability to surpass Dogecoin, bolstered by crypto investor Jake Gagain confidently asserting that SHIB would flip DOGE in the 2024 cycle. To assess this claim, AMBCrypto devoted time to studied both digital assets – delving into differences in the canine networks’ developments.
Ultimately, one rational was revealed for why some speculated the possibility of Shiba Inu ‘flipping’ Dogecoin was due to a noticed explosion in the ecosystem prior to the bull market run of 2021. While until that point Dogecoin had invested in evolving into a payment method (e.g. Tesla, Tweets, Nonewgg accepting the currency as a option) in contrast, Shiba Inu was met with deemed unrealistic anticipation over its progression wdriven fully by its community.
That is not to meant that Dogecoin was stationary is striving to breech the limits of many cryptocurrency. In fact, multi- talent investor Elon Musk continued to remain an avid public proponent of the digital asset. In mesh Musk made strides to combat Shiba Inu’s Pantheon development by carrying out a favourable acquisition of DogeCoin peddlers known Fajoby Facebook Quote Fun Limited.
