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Is Shiba Inu on the right track to dethrone Dogecoin? Here is what experts say

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  • A recent survey indicates that financial experts remain skeptical if Shiba Inu is able to go beyond the value of Dogecoin. The survey, conducted by researchers, questioned 14 experts in finance for their opinion on the question of whether Shib will never exceed Doge in market capitalization.

    Their results? A huge 79% of the total participants estimates that Shiba Inu will never return Dogecoin in the field of market capitalization.

    Investigation reports report overwhelming consensus against the rotation of Shib Doge

    The results indicate a distinct position of the majority of experts. Only 7% of those questioned showed that Shib that Shib would be at some point in the future Doge, and these few pillars predicted that this could happen in 2026.

    The 14% other were not sure of the fate of Shib. The overwhelming rejection of the capacity of Shiba Inu to replace Doge because the main piece of memes reflects a broader opinion on the market concerning the two tokens.

    Supply problems have a major obstacle for Shiba Inu

    Huge challenges in the Shibs tokens supply are a potential consideration preventing Dogecoin’s overtaking, Dr. Sathvik Vishwanath, the jurisdictional head of Uncontin, disclosed.

    Consider the offer in the circulation of SHIB at 589.25 Billions against only 148.82 billion for DOGE: the supply deviation is massive. Vishwanath said that despite the excellent Tokenomics of Shiba Inu and the solid community support, the massive token supply prevents SHIB from taking DOGE market capitalization.


    Enormous disparity in the current market position

    Dogecoin is currently in the eighth position among the cryptos with a market capitalization of 24.60 billion dollars, while Shiba Inu occupies 17th place with a market capitalization of $ 7.3 billion. Shib should increase its value by 240% to reach the current row of Doge assuming that the price of Dogecoin remains constant, and the two tokens share the same circulating offer.

    Current whale activity suggests a possible turnaround

    Unlike the negative expectations of analysts, new commercial statistics show a significant increase in Shiba Inu. According to Intotheblock, with dominant whales, the volume of daily Shib trade reached 224 billion tokens in 24 hours.

    The entrances to the big holders increased from 96 billion priests on April 13 to more than 224 billion on April 14. This increase in the interests of the main investors could be a sign of feeling of feeling, because the whales will be installed before anticipating a price decision.

    This is not the first time that these cryptocurrencies have come from conflicts concerning superiority. In 2021, Shiba Inu briefly dethroned Dogecoin when its market capitalization affected $ 39 billion. Alas, this victory was short -lived while Doge quickly recovered the title of the number one part.

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    post url: https://altcoin.observer/is-shiba-inu-on-the-right-track-to-dethrone-dogecoin-here-is-what-experts-say/

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