Dogecoin has a larger market capitalization and a more established track record, while Shiba Inu is a newer entrant to the cryptocurrency market. Dogecoin also has a larger and more active community of users, with a vibrant subreddit and numerous online communities dedicated to the coin.
In the current crypto economy, two of the most well-known meme coins are Dogecoin (DOGE) and Shiba Inu (SHIB). Currently, DOGE sits atop the throne of meme cryptocurrencies, with a market cap of $11,889,054,523.
Shiba Inu and its native token Bone are generating decent returns for investors since the start of 2023. While SHIB gained 1.3 million holders this year, Bone doubled in price in the last two months.
In order to reach a price of $1 per token, Shiba Inu would need to rally more than 12,400,000% from its current token price. While there are potential catalysts that could trigger a solid bullish run for the meme cryptocurrency, hitting that ambitious target price is virtually impossible.
Shiba Inu Price Prediction 2023-2024
The SHIB price is believed to begin with a fine recovery during the second half of 2023 as market conditions are assumed to flip from bearish to bullish. The SHIB price may rise above $0.00001 initially, and by the end of the third quarter, it could reach around $0.000012.
1, 2021, Shiba Inu tokens were trading hands at a price of $0.000000000077, and today they trade at about $0.00001114. That's a gain of 14,467,432%. In dollar terms, had you invested $100 on Jan. 1, 2021 and held on until today, you'd be sitting on an absolute fortune worth almost $14.5 million.
No, Shiba Inu won't reach $1 in 2023. It's highly unlikely to hit $0.01. However, it is possible that Shiba Inu could still move much higher in the coming months. That aforementioned launch of Shibarium certainly could spark increased interest in Shiba Inu.
Crypto experts believe that Nano will definitely outrun Shiba Inu in the long run. The purpose of Nano's blockchain network is to speed up payment settlement times, drastically reduce costs, and democratize the process to allow everyone to participate.
Shiba Inus are not the easiest of dogs to please. They can be quite stubborn and refuse to do anything that they don't feel like doing at the moment. This trait can make walking, or pottying your Shiba quite an ordeal.
Having analyzed Dogecoin prices, cryptocurrency experts expect that the DOGE rate might reach a maximum of $$0.0840 in December 2023. It might, however, drop to $$0.0551. For December 2023, the forecasted average of Dogecoin is nearly $$0.0696.
2030 Shiba Inu Price Prediction
Changelly predicts Shiba Inu will be traded for at least $0.000218, with a possible maximum of $0.000274.
Ultimately, the future price of Dogecoin is limited by its inflationary nature. The coin could still serve a huge purpose in the crypto industry and has the potential to climb in price slowly, but capped supply tokens can grow much more sustainably in the long term.
Our Conclusion. Taking everything into consideration, we need to say that it's not too late to buy DOGE in 2023. Furthermore, this cryptocurrency can unleash its potential in the future. You can use this asset for long- as well as short-time investments.
Dogecoin is an affordable way to diversify your portfolio. The price of Dogecoin is much lower than that of Bitcoin, so it's easier for those with smaller budgets to invest. Plus, by investing in Dogecoin, you can diversify your cryptocurrency portfolio without breaking the bank.
Following the current trends of DOGE, it is expected to hit a price of at least $0.11 by the end of Q2 2023. As individuals become more confident in economic conditions, more money will flow into the crypto market. Analysts predict this inflow can help Dogecoin reach a high of $0.17 by the end of the current year.
Polkadot is one of the most secure and innovative networks in the crypto space today. Analysts believe that the DOT token will skyrocket in 2023, since the growing popularity and development of the Web 3.0 domain has made the cryptocurrency, one of the most popular digital asset investments in the market.
1. AiDoge (AI) – Meme-Creation Crypto Platform With the Highest Potential for Growth.
Shiba Inu: The Rise of the Dogecoin Challenger
With a cute Shiba Inu dog as its mascot, this Ethereum-based altcoin is making waves in the cryptocurrency world. Shiba Inu is often hailed as "the Dogecoin killer," promising to take over the throne of its meme coin predecessor.
Even further into the future, our Shiba Inu pricing projection for 2030 considers adoption by renowned companies. Considering all that, our Shiba coin price forecast predicts that the token may be worth $0.0002 by the end of 2023.
Maximum price
Based on their SHIB price predictions, the coin may drop lower to $0.000001086 by the 2023 year-end. Whereas another expert GOV Capital predicts that Shiba Inu (SHIB) price may be $0.000231 by the next 5 years.
In April last year, Ethereum cost investors around $190 (136.55) per token. Considering this, many experts believe that while Dogecoin has tremendous potential to grow, the value may never reach $10000.
To reach 1 cent, Shiba Inu will have to rise 1,471x. At 1 cent, Shiba Inu's market cap would be worth around 5.9 trillion. If SHIB were to grow at the rate of 25% every year, it would take Shiba Inu about 40 years to reach 1 cent. But that is only a theoretical possibility, which is impractical in reality.
How Much Could You Be Worth If You Invested In Shiba Inu (SHIB) In 2020? If you had invested in Shiba Inu (SHIB) in August 2020, you would have nearly made over 4,293,000% return on your capital. A $1,000 investment in 2020 would be worth around $24,250,000 today.
Returns From Shib: If $1,000 is invested now in Shiba Inu, it could fetch roughly 92 million of the crypto (based on Saturday's closing price of $0.00001087). And if the meme coin revisits its late-2021 high, that same amount could be worth $8,140.16, a neat return of 714%.