Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, is aiming to dethrone Dogecoin (DOGE) from its position as the leading meme coin in the Crypto market.
In a post on X, the Shiba Inu team expressed confidence in the project’s potential to outperform DOGE. They also hinted at secret developments that could help achieve this goal.
#2 today, but the Doge days are numbered. We've got the #ShibaArmy #Shibarium and secret wags we can't reveal yet. Get ready for a new top doggo. Much wows incoming! #SHIB https://t.co/GiCJ2OKCLv
— Shib (@Shibtoken) March 20, 2024
Read Also: Shiba Inu (SHIB) Burn Rate Spikes 100% in Renewed Bullish Run
History of Rivalry
This rivalry isn’t new. Shiba Inu briefly eclipsed Dogecoin in market capitalization in late October 2021 when SHIB recorded its all-time high price of $0.00007157. Following this peak, however, Dogecoin reaffirmed its position and has generally remained within the top ten cryptocurrencies, while SHIB maintains its ranking within the top 20.
Shiba Inu’s Renewed Push
Now, Shiba Inu is signaling its readiness to dominate the meme coin sector once again. The project’s strong community support, referred to as the “SHIB Army,” along with the development of its Shibarium blockchain network, gives the team confidence in the potential to finally surpass Dogecoin.
CryptoCom’s recent recognition of SHIB as the second-most valuable meme coin fueled this bullish sentiment. The Shiba Inu team responded, stating their belief that it’s only a matter of time before they claim the top spot, asserting “#2 today, but the Doge days are numbered.”
Reasons for Optimism
The Shiba Inu team hints at undisclosed “secret wags” that are in the works, adding an air of anticipation for upcoming developments. They urge the crypto community to “get ready for a new top doggo” and expect significant moves “much wows incoming” as SHIB embarks on a renewed bullish run.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
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Community Sentiment
This bold declaration aligns with the sentiment of many cryptocurrency enthusiasts, who believe that Shiba Inu has what it takes to surpass Dogecoin. Jake, a crypto enthusiast, in a post on X, speculates that SHIB could even become the first meme coin to reach a $100 billion market capitalization.
SHIB’s current market cap is at $16,279,982,009, with its current price at $0.00002759, according to data from Coinmarketcap. As always, it’s important to note that the cryptocurrency market is highly volatile. Investments carry inherent risks, and this article does not provide financial advice.
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