Is Shiba Inu on the way to usurp Dogecoin? Here's what experts say

A recent poll shows that financial experts are still skeptical whether Shiba Inu can surpass Dogecoin in value The poll conducted by Finders surveyed 14 financial professionals about their opinions on whether SHIB will ever surpass DOGE in terms of market capitalization. What were their findings? As many as 79% of all participants believe that Shiba Inu will never surpass Dogecoin in terms of market capitalization. Survey report shows overwhelming consensus against SHIB toppling DOGE The results show the divergent stance of the majority of experts. Only 7% of those polled said they are confident that SHIB will surpass DOGE at some point in the future, and these few loyalists predict it could happen as early as 2026. The remaining 14% are uncertain about SHIB’s fate. The overwhelming rejection of Shiba Inu’s ability to replace DOGE as the top meme coin reflects the overall market view of these two coins.

Supply issues are currently a major barrier for Shiba Inu Dr. Sathvik Vishwanath, Unnocoin’s regional head, revealed that the enormous challenges in the SHIB token supply are one of the potential considerations preventing Dogecoin from overcoming. Consider SHIB’s circulating supply at 589.25 trillion compared to just 148.82 billion for DOGE: the supply gap is huge. Vishwanath said that although Shiba Inu has great tokenomics and solid community support, the huge token supply still prevents SHIB from taking over DOGE’s market capitalization.

Large disparity in current market position Currently, Dogecoin is in eighth place among cryptocurrencies with a market cap of $24.60 billion, while Shiba Inu holds 17th place with a market cap of $7.3 billion. SHIB would have to increase its value by 240% to reach DOGE’s current ranking assuming that Dogecoin’s price remains constant and both tokens have the same circulating supply.

Current whale activity indicates reversibility Contrary to the negative expectations of analysts, new trading statistics show a significant increase in Shiba Inu. According to IntoTheBlock, with the dominance of whales, SHIB’s daily trading volume has increased to 224 billion tokens in 24 hours. Cash flows from large holders increased from 96 billion SHIB on April 13 to more than 224 billion on April 14. This increase in interest from major investors could be a sign of changing sentiment as whales will be hoarding before anticipating a price move. This is not the first time these cryptocurrencies have seen a conflict of superiority. In 2021, Shiba Inu quickly usurped Dogecoin when its market capitalization reached $39 billion. Alas, this victory didn’t last long as DOGE quickly regained the title of number one meme coin.