In a recent poll that could only be described as a gathering of the most skeptical minds in finance, experts were asked if Shiba Inu could ever manage to overtake Dogecoin in value. Spoiler alert: they were not optimistic. Conducted by Finders, this survey of 14 finance experts revealed that a staggering 79% believe Shiba Inu is destined to remain in Dogecoin’s shadow forever. Talk about a dog-eat-dog world! ๐ถ
So, what did the experts say? Well, only a paltry 7% of them dared to dream that SHIB might one day flip DOGE, with the most optimistic predicting this could happen as soon as 2026. The remaining 14% were left scratching their heads, unsure of SHIB’s fate. It seems the overwhelming consensus is that Shiba Inu’s chances of dethroning Dogecoin are about as likely as finding a unicorn in your backyard. ๐ฆ
Survey Reports Overwhelming Consensus Against SHIB Flipping DOGE
As the results rolled in, it became clear that the majority of experts were not holding their breath. The rejection of Shiba Inu’s ability to replace Dogecoin as the leading meme coin reflects a broader market sentiment. Itโs like watching a puppy try to catch a carโadorable, but ultimately futile. ๐๐จ
Supply Issues Present Major Hurdle For Shiba Inu
Dr. Sathvik Vishwanath, the head honcho at Unnocoin, pointed out that Shiba Inu’s massive token supply is a significant hurdle. With a circulating supply of 589.25 trillion SHIB compared to a mere 148.82 billion DOGE, the gap is as wide as the Grand Canyon. Despite Shiba Inu’s impressive tokenomics and a community that could rival a fan club for a boy band, the sheer volume of tokens keeps it from overtaking Dogecoin’s market cap. Talk about a supply chain issue! ๐ฆ
Huge Disparity In Current Market Position
Currently, Dogecoin sits comfortably in the eighth position among cryptocurrencies with a market cap of $24.60 billion, while Shiba Inu languishes in 17th place with a mere $7.3 billion. For SHIB to reach DOGE’s level, it would need to increase its value by a whopping 240%. Thatโs like trying to climb Mount Everest in flip-flops! ๐๏ธ
Current Whale Activity Suggests Possible Turnaround
In a twist that would make any soap opera writer proud, recent trading statistics show a significant uptick in Shiba Inu’s activity. According to IntoTheBlock, with whales (the big fish in the crypto pond) making waves, SHIB’s daily trade volume skyrocketed to 224 billion tokens in just 24 hours. Itโs like watching a tidal wave of interest crash over the market! ๐
Inflows from large holders jumped from 96 billion SHIB on April 13 to over 224 billion on April 14. This surge in interest could signal a change in sentiment, as whales often know when to dive in before a price shift. Itโs like they have a sixth sense for crypto! ๐
And letโs not forget, this isnโt the first time these two cryptocurrencies have battled for supremacy. Back in 2021, Shiba Inu briefly claimed the crown when its market cap hit $39 billion. But alas, that victory was as fleeting as a summer romance, as DOGE quickly reclaimed its title as the number one meme coin. Love may be fleeting, but the rivalry is eternal! ๐
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2025-04-17 04:36