Shiba Inu vs. Dogecoin: Ex-Goldman Sachs Analyst Predicts a Flip
Release: 2024/08/26 15:19 Reading: 302
Former Goldman Sachs analyst Murad Mahmudov predicts that Shiba Inu (SHIB) will surpass Dogecoin (DOGE) in the upcoming crypto bull cycle, challenging the belief that Dogecoin is invincible.
Despite experiencing a significant downturn, Shiba Inu's development team is actively expanding its ecosystem, as evidenced by the recent beta launch of the Web3 game Shiba Eternity.
Mahmudov believes that the dominance of Dogecoin is a result of strategic manipulation intended to deter competition. However, he clarifies that his prediction refers specifically to Dogecoin's dominance in the meme coin sector.
Historically, Elon Musk's support for Dogecoin has contributed to its perceived invincibility. However, during the 2021 bull run, Shiba Inu briefly surpassed Dogecoin, highlighting its potential to challenge the established order.
Shiba Inu's current valuation stands at $0.0000151, with a market cap of $8.9 billion and a daily trading volume of $1.23 billion. Despite the recent correction, market analysts suggest that Shiba Inu is accumulating and preparing for a substantial price rally.
Additionally, the Shiba Inu development team plans to transfer project control to the community by the end of the year, promoting decentralization and empowering the community to shape the project's future.
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