Three Reasons Why SHIB Could Overtake DOGE by 2030

Token-meme Shiba Inu (SHIB), which was intended as a competitor to Dogecoin (DOGE), has seen an incredible rise since its launch in August 2020. However, after reaching an all-time high of $0,00008616 in October 2021, the memecoin's price has begun to gradually decline.

SHIB is now back in the shadow of DOGE, which has managed to maintain its value over the past few years. At the same time, there are markers that suggest that things could change by the end of the decade.

Here are three reasons why SHIB could overtake DOGE by 2030.

1. Limited proposal

DOGE has no emission limit, and this feature makes it difficult for the memecoin to achieve high prices. SHIB supply is limited to 589 trillion coins, which is certainly not a small number.

To reduce the circulating supply, SHIB developers are working on a new burning mechanism that will supposedly destroy trillions of tokens annually. As a result, SHIB supply could decrease significantly by 2030.

2. Acceptance of Shibarium

The Shibarium Layer 2 network has undergone significant improvements in an attempt to make the SHIB ecosystem more useful. The network is expected to continue growing in the coming years. For this reason, the price Shiba Inu can grow significantly.

3. Cryptocurrency Market Rally

The cryptocurrency sector is expected to grow at an unprecedented rate over the next couple of years, with many experts expecting it to reach 2030 million by XNUMX. Bitcoin is expected to break the $1 million mark, triggering an upward rally across the entire market. Such a scenario could pave the way for SHIB to reach new price records.