If you ask an average meme coin trader about Shiba Inu these days, you will likely get the answer that price action disappointed in this bull run, at least so far. In fact, the SHIB price is now 85% down from its all-time high in 2021.
However, SHIB has a strong community with many estimating it will one day dethrone DOGE as the biggest meme coin. Will this ever happen though? Only time will tell, but we decided to do some calculation about this today.
What you'll learn 👉
What if SHIB Reaches Dogecoin’s Market Cap?
Right now, SHIB is trading at about $0.00001295, and its market cap is around $7.63 billion. Dogecoin, on the other hand, is sitting at $0.1733 with a market cap of about $25.85 billion.
So what would happen if SHIB climbed all the way up to Dogecoin’s market cap?
We did the math.
SHIB’s current circulating supply is around 589.24 trillion tokens. If we divide DOGE’s market cap by that number, we get a price of about $0.00004388 per SHIB token.
In plain terms, if SHIB reaches the same market value as Dogecoin, the price could more than triple from where it is today. That would be a nice return for holders, but keep in mind; it’s a big “if.”
This kind of growth would need a strong rally, not just in SHIB, but likely across the whole meme coin market.
What the Shiba Inu Chart Is Telling Us
Now let’s take a look at the chart.
Back in late 2024, SHIB had a strong run. It pumped hard in November, hitting prices above $0.000032, but that rally didn’t last. Since then, the price has been slowly grinding down. Right now, SHIB is below its 200-day moving average, which sits around $0.00001847. That’s usually a bearish sign.
There’s been some attempt at a recovery lately, but the price keeps getting rejected when it gets close to that moving average. We can also see that SHIB has been trading in a pretty tight range for the last few weeks, between about $0.000012 and $0.000014.
The RSI (Relative Strength Index) is currently around 39, which suggests there’s still room to move up, but momentum is pretty weak right now.
Read also: What If SUI Captures 10% of XRP’s Market Cap? Price Math Revealed
SHIB Price Prediction
If SHIB continues to hold above $0.000012, we might see a short-term bounce to the $0.000016–$0.000018 range. But to really flip the trend, it would need to break and stay above that 200-day moving average.
Long term? If SHIB delivers on its ecosystem plans – like more utility for Shibarium or big token burns – it’s not crazy to think it could push toward $0.00003 again one day.
And if the stars align; hype, community support, broader market rally, and SHIB does reach Dogecoin’s market cap, that $0.00004388 target could be possible.
It won’t happen overnight, and there are no guarantees. But in crypto, especially meme coins, anything is possible.
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