Shiba Inu (SHIB) Could it become the biggest meme cryptocurrency on the market? Cryptocurrency analyst Altcoin Sherpa believes so. In a recent publication, the expert commented that SHIB could become Dogecoin (DOGE).
Altcoin Sherpa noted that a fierce competition between DOGE and SHIB could be on the horizon, suggesting that during this cycle there will be “a few moments” when Shiba Inu will overtake Dogecoin. The expert's statement came when he shared the pros and cons for investing in the Shiba Inu meme cryptocurrency.
“SHIB : pros: -many same as DOGE, huge liquidity and can enter w. size -has some things going on in terms of FA, shibirium or whatever it's called -may have some moments where it turns into doge cons: -also the same as doge; you're not going to hit a 20xer at this point (probably) -also probably takes a backseat to dodging overall in terms of eth meme notes: -Chart still looks amazing HTF. probably try to be patient”, he wrote.
pros:
-many of the same as DOGE, huge liquidity and can get in w. size
-has some stuff going on FA wise, shibirium or w/e its called
-there may be some moments where it flips dogecons:
-also the same as doge; you're not going to hit a 20xer on it at this point (prob)… pic.twitter.com/YAreKknyqU— Altcoin Sherpa (@AltcoinSherpa) March 31, 2024
Currently, Dogecoin and Shiba Inu are the largest memecoins and are ranked as the ninth and thirteenth cryptoassets in the ranking by market value, respectively.
It is worth remembering that the official Shiba Inu account shared a reaction to a publication that highlighted the ecosystem's numbers, emphasizing that in the future its native token will be number 1 in the memecoins ranking, overtaking the current leader, Dogecoin (DOGE).
At the time of publication, the Shiba Inu price was quoted at US$0,00002721, up 1.9% in the last 24 hours.
