Could Shiba Inu (SHIB) become the dominant meme cryptocurrency in the market? According to cryptocurrency analyst Altcoin Sherpa, there is a possibility. In a recent publication, Altcoin Sherpa suggested that SHIB could overtake Dogecoin (DOGE) in a fierce competition between the two. Altcoin Sherpa highlighted the pros and cons of investing in SHIB, noting that while it shares similarities with DOGE in terms of liquidity and size, it may not experience the same level of exponential growth. However, Altcoin Sherpa also mentioned that SHIB has some interesting developments in terms of fundamental analysis, such as “shibirium.” The expert concluded by stating that the chart for SHIB still looks promising and advised patience. Currently, DOGE and SHIB are the largest memecoins in the market, ranked ninth and thirteenth by market value, respectively. The official Shiba Inu account also expressed optimism about the future of SHIB, suggesting that it has the potential to surpass DOGE as the number one memecoin. As of now, SHIB is trading at US$0.00002721, showing a 1.9% increase in the past 24 hours. It is important to note that the opinions expressed in this article are for informational purposes only and should not be considered as financial advice. Investing or trading cryptocurrencies carries inherent risks.
