Shiba Inu Rallies to Approach Dogecoin's Market Value, Fueling Dogecoin Killer Narrative
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Shiba Inu (SHIB) supporters anticipate it surpassing Dogecoin (DOGE) in market valuation, seeing it as a “Dogecoin killer".
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In October 2021, SHIB briefly surpassed DOGE as the largest meme coin, reaching a market cap of $37.8 billion.
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Recently SHIB has recovered to $26.26 billion market cap, surpassing assets like DOT and MATIC for 10th overall.
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For SHIB to match DOGE's current $24.83 billion market cap, it would need to surge about 25% from current levels.
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While SHIB has momentum after a 264% monthly surge, uncertainty persists about likeliness of another 25% rally to equal DOGE valuation.