Can Shiba Inu Flip Dogecoin? Analysts Predict a 264% Rally to Reclaim Top Meme Coin Spot

Despite recent bearish momentum in the crypto market, Shiba Inu (SHIB) remains one of the most-watched meme coins. With Bitcoin’s dominance growing and altcoins retracing, SHIB ended June with a 10% pullback, marking its second consecutive red month. However, sentiment among SHIB holders remains cautiously optimistic.

Shiba Inu vs. Dogecoin: The Battle for Meme Coin Supremacy

Shiba Inu once overtook Dogecoin (DOGE) in market cap back in October 2021, reaching a then-staggering $39 billion. But that flip was short-lived, and Dogecoin quickly reclaimed its throne.

Now, with SHIB trading at $0.00001130 and a market cap of $6.66 billion, it sits at the #19 position on CoinMarketCap. In contrast, Dogecoin trades at $0.16, holding the #9 spot with a market cap of $24.2 billion.

To flip DOGE again, SHIB needs to achieve a market cap of at least $24.3 billion, implying a required price increase of approximately 264% assuming the circulating supply of 589.24 trillion SHIB remains unchanged.

What Would SHIB’s Price Be After Flipping DOGE?

If SHIB hits a $24.3 billion market cap, its price would land at approximately $0.0000412 a level it last reached in March 2024 when it peaked at $0.0000456.

Analysts believe that a return to this zone is possible. Trader Mike recently highlighted a historically bullish pattern forming on the TradingView chart, suggesting an imminent breakout that could propel SHIB to:

• $0.00004 in the short term
• $0.0000480 to $0.0000707 if bullish momentum sustains

Could SHIB Realistically Flip DOGE?

There’s a catch. Shiba Inu’s 264% rally would only allow it to surpass Dogecoin if DOGE remains static. But with both tokens prone to rapid swings and DOGE often rallying alongside major Bitcoin moves, nothing is guaranteed.

That said, former Goldman Sachs analyst Murad Mahmudov recently suggested that a meme coin flippening is possible this cycle, which reignited debate across the crypto community. Many now wonder if Shiba Inu can replicate its 2021 performance, especially if meme coins dominate the next altcoin season.

Final Thoughts

Shiba Inu flipping Dogecoin isn’t just a meme coin fantasy it’s a mathematically possible scenario based on market dynamics and past performance. A rally to $0.0000412 would require strong community support, renewed hype, and favorable market conditions.

While the goal is ambitious, SHIB has done it before, and with crypto sentiment shifting again, it just might do it again.