Many analysts are looking at when Shiba Inu (SHIB) could match Dogecoin (DOGE) in market cap. Since SHIB came out in August 2020, investors have called it the “Dogecoin Killer.” They believe it might one day pass DOGE to become the leading meme coin.
And believe it or not, it did, briefly. In October 2021, SHIB market cap shot up to $41 billion, just enough to flip Dogecoin. But the hype didn’t last long. The SHIB price dropped, and it’s value fell back under $10 billion. Since then, DOGE has stayed ahead.
Right now, SHIB sits at #19 on the list of top cryptocurrencies, with a market cap of about $7.92 billion. That still makes it the second-largest meme coin. Dogecoin, meanwhile, holds the #8 spot, with a market cap of around $30.39 billion. So SHIB still has a long way to go if it wants to reclaim the top meme crown.
To match Dogecoin’s value, SHIB price would need to climb about 284% from where it is now. That would push its price to about $0.00005155, assuming the total supply of 589.5 trillion SHIB stays the same. Even then, it would still be below SHIB all-time high of $0.00008845.
Here Are Predicted Timelines for #ShibaInu to Reach Market Cap of #Dogecoin. 🧵🧵🧵 pic.twitter.com/gec5Wmzh9v
— TheCryptoBasic (@thecryptobasic) June 11, 2025
So, when might that happen? Different platforms and experts have different answers.
Some are optimistic. The team at Telegaon thinks SHIB price could reach $0.00005155 sometime in 2024. Changelly expects it to happen later, maybe by November 2027. Analysts like Bunchhieng and contributors to Forbes also believe SHIB could hit that target this year, and maybe even rise to $0.0001, which would be a new record.
Others are more cautious. The website CoinCodex says it could take much longer. They predict SHIB price will hit the $0.00005155 mark in May 2040, and possibly reach a high of $0.00005377 that year.
While opinions differ, one thing is clear: many in the crypto space are watching SHIB closely. Whether it reaches Dogecoin market cap this year, or many years from now, will likely depend on market conditions, token burns, and how much real-world use the SHIB ecosystem can build.
Read Also: Kaspa Not Done Yet? Analyst Reveals Bold KAS Price Target for This Cycle
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
