Shiba Inu (SHIB) Price: Survey Shows 79% of Experts Doubt DOGE Flippening Will Ever Happen

TLDR

• 79% of financial experts believe Shiba Inu will never overtake Dogecoin in market capitalization
• SHIB is currently trading around $0.00001198, consolidating in the $0.00001150-$0.00001250 range
• Dogecoin has a market cap of $24.60 billion compared to Shiba Inu’s $7.3 billion
• Recent whale activity shows increased trading volume, rising to 224 billion tokens in 24 hours
• SHIB is slightly outperforming ETH in monthly charts despite being part of the Ethereum ecosystem

A recent poll conducted by Finders has revealed that financial experts remain highly skeptical about Shiba Inu’s ability to overtake Dogecoin. The survey, which gathered opinions from 14 finance experts, found that 79% believe SHIB will never flip DOGE in terms of market capitalization.

Only 7% of those polled expressed confidence that SHIB could surpass DOGE at some point, with these few optimists predicting this could happen as early as 2026. The remaining 14% were uncertain about SHIB’s future prospects.

Shiba Inu Price on CoinGecko

This overwhelming rejection of Shiba Inu’s ability to replace Dogecoin as the leading meme coin mirrors wider market sentiment regarding the two tokens.

Supply Challenges Create Major Hurdles

One key factor preventing Shiba Inu from overtaking Dogecoin is the massive difference in token supply, according to Dr. Sathvik Vishwanath, Unocoin’s jurisdictional head.

The circulating supply of SHIB stands at 589.25 trillion tokens compared to just 148.82 billion for DOGE, creating an enormous supply gap. Despite Shiba Inu’s strong tokenomics and solid community support, this supply disparity makes it difficult for SHIB to overcome DOGE’s market cap advantage.

Currently, Dogecoin holds the eighth position among cryptocurrencies with a market cap of $24.60 billion, while Shiba Inu sits at 17th place with a market capitalization of $7.3 billion.

For SHIB to reach DOGE’s current position, it would need to increase its value by approximately 240%, assuming Dogecoin’s price remains constant and both tokens maintain their current circulating supply.

Technical Analysis Shows Neutral Stance

Looking at SHIB’s price action, the token is currently consolidating within the $0.00001150-$0.00001250 range, which analysts identify as a historically important support zone.

The Relative Strength Index (RSI) for SHIB currently sits at 51.96, indicating neutral market sentiment. This suggests that SHIB will likely remain within its current consolidation pattern unless market conditions change.

The weekly chart shows a drop in trading volume, with the price repeatedly testing the $0.0000120-$0.0000125 level without successfully breaking above it.

$SHIB pattern is squeezing and it is getting ready for a break out at weekly chart.

I expect a rise from here if Bitcoin doesn't spoil it. pic.twitter.com/bqR5Pw9BQL

— $SHIB KNIGHT (@army_shiba) April 16, 2025

Traders should watch key levels including the $0.00001050 support (potential double-bottom), the current $0.00001150-$0.00001250 support zone, and resistance at $0.00001250.

A clear break above $0.00001250 could signal the beginning of a new uptrend, but this would need to be confirmed by increased trading volume.

Whale Activity Shows Potential Shift

Despite the negative expectations from analysts, recent trading data shows some encouraging signs for Shiba Inu. According to IntoTheBlock, SHIB’s daily trading volume rose to 224 billion tokens in a 24-hour period, with whale activity dominating the trades.

Inflows from large holders increased from 96 billion SHIB on April 13 to over 224 billion on April 14. This rising interest from major investors could signal changing sentiment, as whales often position themselves before anticipated price movements.

This isn’t the first time these cryptocurrencies have competed for dominance. In 2021, Shiba Inu briefly dethroned Dogecoin when its market cap reached $39 billion. However, this victory was short-lived as DOGE quickly reclaimed the title of the number one meme coin.

For now, SHIB continues to trade around $0.00001198, slightly outperforming ETH in monthly charts despite being part of the Ethereum ecosystem.

The current trading strategy suggested by market watchers is to wait for a clear break and hold above the resistance at $0.0000125 for long positions, or for the price to break below the $0.00001150 support for short positions.

Whether SHIB can eventually challenge DOGE’s dominance remains to be seen, but current expert opinion suggests the road ahead is steep.