Financial experts remain skeptical that Shiba Inu (SHIB) will ever be able to overtake Dogecoin (DOGE) in terms of market capitalization, a recent poll by Finders has revealed.

Out of the 14 finance professionals surveyed, 79% believe that SHIB will never flip DOGE, while 7% see a possibility of SHIB overtaking DOGE as early as 2026. Meanwhile, 14% remain uncertain about the future prospects of the meme coin.

This strong rejection of Shiba Inu replacing Dogecoin is evident in the contrasting performances of the two tokens.

Supply Challenges Pose Major Obstacles

One key factor hindering Shiba Inu from overtaking Dogecoin is the massive difference in their token supply, according to Dr. Sathvik Vishwanath, jurisdictional head at Unocoin.

The circulating supply of SHIB stands at 589.25 trillion tokens compared to just 148.82 billion for DOGE, highlighting the enormous supply gap. Despite Shiba Inu’s strong tokenomics and solid community support, this disparity in supply makes it difficult for SHIB to overcome DOGE’s market cap advantage.

Currently, Dogecoin holds the eighth position among cryptocurrencies with a market cap of $24.60 billion, while Shiba Inu sits at 17th place with a capitalization of $7.3 billion.

For SHIB to reach DOGE’s current position, it would need to increase its value by approximately 240%, assuming Dogecoin’s price remains constant and both tokens maintain their current circulating supply.

Technical Analysis Shows Neutral Stance

Looking at SHIB’s price action, the token is currently consolidating within the $0.00001150-$0.00001250 range, which analysts identify as a historically important support zone.

The Relative Strength Index (RSI) for SHIB is 51.96, suggesting neutral market sentiment. This indicates that SHIB will likely remain in its current consolidation pattern unless market conditions change.

The weekly chart shows a drop in trading volume, with the price repeatedly testing the $0.000 120-$0.000 125 level without successfully breaking above it.

$SHIB pattern is squeezing and it is getting ready for a break out at weekly chart.

I expect a rise from here if Bitcoin doesn't spoil it. pic.twitter.com/bqR5Pw9BQL

— $SHIB KNIGHT (@army_shiba) April 16, 2025

Traders should watch key levels including the $0.000 1050 support (potential double-bottom), the current $0.000 1150-$0.000 1250 support zone, and resistance at $0.000 1250.

A clear break above $0.000 1250 could signal the beginning of a new uptrend, but this would need to be confirmed by increased trading volume.

Whale Activity Shows Potential Shift

Despite the negative expectations from analysts, recent trading data shows some encouraging signs for Shiba Inu. According to blockchain analytics firm IntoTheBlock, SHIB’s daily trading volume reached 224 billion tokens in a 24-hour period, with whale activity dominating the trades.

Inflows from large holders increased from 96 billion SHIB on April 13 to over 224 billion on April 14. This rising interest from major investors could indicate changing sentiment, as whales often position themselves before anticipated price movements.

This isn’t the first time these cryptocurrencies have competed for dominance. In 2021, Shiba Inu briefly stole the title of the largest meme coin when its market cap reached $39 billion. However, this victory was short-lived as DOGE quickly reclaimed the number one spot.

Currently, SHIB is trading around $0.000 1198, performing slightly better than ETH in monthly charts despite being part of the Ethereum ecosystem.

The current trading strategy suggested by market watchers is to wait for a clear break and hold above the resistance at $0.000 125 for Long positions, or for the price to break below the $0.000 1150 support for Short positions.

Whether SHIB can eventually challenge DOGE’s dominance remains to be seen, but current expert opinion suggests the road ahead is steep.