Which Meme Coin Will Reach the $1 Bullish Target Sooner: Shiba Inu or Dogecoin?
Shiba Inu (SHIB) and Dogecoin (DOGE) are two popular meme coins in the cryptocurrency space. SHIB has recently gained the support of Voxel X Network and other projects in the crypto and Web3 landscape. This has caused the SHIB Army, SHIB’s community on crypto Twitter, to expect a bullish catalyst that will push the token closer to its $1 target. Dogecoin currently trades at $0.082, 88.72% below its all-time high, and is 36.9% away from its $1 target. SHIB’s current market capitalization is $7.27 billion, and if it ever reached $1 a token, it would have a market capitalization of $999.99 trillion. Given the total market cap of the whole crypto market is around $1.132 trillion, it seems unlikely that the Dogecoin-killer will ever reach $1 a token. Despite the SHIB Army’s expectation of a Shiba Inu price rally, it still seems like a pipe dream.