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HomeCrypto NewsMarketHere is Shiba Inu Price If SHIB Grows 3x Faster Than Dogecoin in the Next Cycle

Here is Shiba Inu Price If SHIB Grows 3x Faster Than Dogecoin in the Next Cycle

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With several experts projecting that Shiba Inu could outperform Dogecoin, we’ve estimated SHIB’s price if it outpaces DOGE’s gains by threefold in the next cycle. 

Launched in 2013, Dogecoin prides itself as the original meme coin and has attracted endorsements from prominent figures like Elon Musk. 

Shiba Inu and Dogecoin Competition 

Despite its popularity, Dogecoin has faced fierce competition from Shiba Inu, which launched in August 2020, nearly seven years after DOGE’s debut. 

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Shiba Inu has closely competed with Dogecoin, with many SHIB enthusiasts referring to the token as the “Dogecoin Killer” in its early days. Interestingly, Shiba Inu took the rivalry seriously and briefly usurped Dogecoin as the world’s biggest meme coin by market cap in 2021. 

However, this achievement was short-lived as Dogecoin once again stamped its authority as the leader of the meme coin market. With a market capitalization of $35.69 billion, Dogecoin is the world’s largest meme coin. It dwarfs Shiba Inu, which ranks in the second position and has a valuation of $8.27 billion. 

Experts See SHIB Outperforming DOGE

Nonetheless, enthusiasts of Shiba Inu still believe the token is capable of outperforming Dogecoin soon, say in the next market cycle, precisely by 2028/2029. 

As previously reported, Kevin Capital, a Dogecoin lead analyst, speculated that Shiba Inu was gearing up to outperform Dogecoin. In addition, a small group of industry experts disclosed in a Finder’s report that SHIB is expected to outperform Dogecoin as early as 2026. 

SHIB Price if It Grows 3x Faster Than DOGE 

Buoyed by this growing optimism, we projected Shiba Inu’s price, assuming SHIB outpaces DOGE by threefold in the next cycle. This analysis assumes Shiba Inu’s next‑cycle gains will triple those of Dogecoin. If Dogecoin’s price grows by 100%, Shiba Inu’s value will spike by 300%. 

For this analysis, we model Dogecoin climbing 1,000%, 1,500%, and 2,000% from today’s price in the next cycle, with Shiba Inu rising 3,000%, 4,500%, and 6,000% respectively.

With Dogecoin currently trading at $0.2375, the meme coin could soar to $2.61, $ 3.80, or $4.98 if it rallies 1,000%, 1,500%, or 2,000%, respectively. 

Based on our assumption, a 1,000% rally for Dogecoin would translate into a 3,000% gain for Shiba Inu, pushing SHIB’s price to $0.000435 from the current level of $0.00001404. 

Similarly, if Dogecoin spikes by 1,500% in the next cycle, Shiba Inu’s price will rally 4,500% to $0.000645. Additionally, a 2,000% Dogecoin spike in the next cycle could see Shiba Inu grow 6,000% to $0.000856, assuming SHIB grows three times faster than DOGE. 

The estimated Shiba Inu targets of $0.000435, $0.000645, and $0.000856 translate to market caps of $256.32 billion, $380.06 billion, and $504.39 billion, respectively. 

$0.0004, $0.0006, and $0.0008 SHIB Predictions 

It is worth mentioning that some market experts have already forecasted Shiba Inu’s climb to the $0.0004, $0.0006, and $0.0008 price territories. 

Earlier this year, popular Bitcoin enthusiast Crypto ELITES emphasized that Shiba Inu’s promising technicals might propel its price to an ultimate target of $0.0004729. In January, we also projected that Shiba Inu would surge beyond $0.000645 to $0.000694 if it matched Elon Musk’s net worth of $409 billion at the time. 

Notably, industry experts disclosed in a Finder survey that they expect the $0.00085 to materialize by 2035, exactly ten years from now. 

Need for Caution 

Despite this optimism, investors must exercise caution as SHIB is not guaranteed to reach these projected targets anytime soon. 

Key catalysts for Shiba Inu’s broader adoption and strong rally remain absent. So far, no asset manager has filed for a Shiba Inu spot ETF, which could potentially attract inflows into the ecosystem. 

Additionally, the team’s commitment to remain anonymous could undermine investor confidence and stall any significant price uptick. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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