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Prediction: Dogecoin (DOGE) Will Be Worth More Than Shiba Inu (SHIB) by 2030
Yahoo Financeยท 2025-11-03 09:22
Core Viewpoint - Dogecoin is expected to maintain a higher market value than Shiba Inu by 2030 due to its superior brand recognition and access to investment channels [1][3]. Group 1: Brand Recognition - Dogecoin has a market cap of $30.6 billion, significantly larger than Shiba Inu's $6.1 billion, indicating a strong lead in the meme coin market [3]. - The brand recognition of Dogecoin far surpasses that of Shiba Inu, which is crucial for long-term success in consumer products and cryptocurrencies alike [3]. Group 2: Access to Investment - Dogecoin has gained access to investment through a recently approved exchange-traded fund (ETF), allowing more investors to buy into it, while Shiba Inu lacks such access [4][7]. - The widening access for Dogecoin is expected to attract more capital, enhancing its market position compared to Shiba Inu [4]. Group 3: Utility and Development - There are ongoing discussions within the Dogecoin developer community about enabling smart contract support and potentially launching a Layer-2 (L2) chain, which could enhance its value proposition [5]. - Shiba Inu's existing Layer-2 chain, Shibarium, has minimal throughput and economic activity, limiting its growth potential [8]. Group 4: Competitive Landscape - Shiba Inu is currently not well-positioned for growth, facing significant headwinds in the competitive landscape of meme coins [6].