Several crypto analysts have predicted timelines for when Shiba Inu could stage a remarkable rally to equal the current market cap of its major rival, Dogecoin.

Since its launch in August 2020, Shiba Inu has positioned itself as a major competitor to Dogecoin. Because of this rivalry, many have referred to Shiba Inu as the “Dogecoin Killer,” projecting that SHIB would eventually surpass DOGE to become the largest meme coin in the cryptocurrency market.

Overview of Shiba Inu and Dogecoin Market Caps

Recall that SHIB achieved this feat in 2021, flipping DOGE on several occasions to rank as the largest meme coin. Shortly after SHIB’s market cap peaked at $41 billion in October 2021, surpassing DOGE, it plunged sharply, crashing below $10 billion.

Since then, it has continued to rank below Dogecoin, as DOGE holds the title of the world’s largest meme coin. Currently, Shiba Inu ranks as the 19th-biggest cryptocurrency and the second-largest meme-based token. It boasts a valuation of $7.92 billion at press time.

On the other hand, Dogecoin ranks eighth in the global cryptocurrency ranking. It is also positioned as the biggest meme coin by market cap, boasting a valuation of $30.39 billion.

While many are focused on the possibility of Shiba Inu flipping Dogecoin again, as it did in 2021, this analysis examines when SHIB might match DOGE’s market cap and what that could mean for its price.

SHIB Price If It Matches Dogecoin Market Cap

For context, Shiba Inu could equal Dogecoin’s market cap of $30.39 billion if its valuation grows significantly from the current level.

To equal Dogecoin’s market cap, Shiba Inu must rally approximately 284% from its current $7.92 billion valuation. If this happens, Shiba Inu’s price could soar to $0.00005155 from the current level of $0.00001344.

This analysis assumes that Shiba Inu maintains its supply of 589.5 trillion SHIB. Despite this surge, Shiba Inu would still be trailing its all-time high of $0.00008845.

When Can SHIB Equal Dogecoin Market Cap

Meanwhile, the $0.000051 target has gained popularity in recent months, with several entities predicting timelines when SHIB might achieve the milestone.

According to experts from Changelly, Shiba Inu could surge to the $0.00005155 target by November 2027.

Interestingly, crypto prediction platform Telegaon speculates that Shiba Inu could reach the $0.00005155 target this year.

Notably, most analysts, including Bunchhieng and Forbes experts, share the same sentiment as Telegaon. According to these experts, Shiba Inu would not only hit the $0.00005155 target but could also soar to a new all-time high of $0.0001 this year.

However, CoinCodex believes it will take a few more years before SHIB’s market cap soars to $30.39 or its price reaches $0.00005155.

According to CoinCodex, the $0.00005155 price target, equivalent to a $30.39 billion market cap, would materialize in May 2040. In the same year, it expects SHIB to hit a maximum price of $0.00005377.

Essentially, while most entities believe that SHIB could hit the $0.00005 mark or match Dogecoin’s market cap this year, others, like CoinCodex, think it could take an additional 15 years before Shiba Inu might achieve the milestone.