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Is it possible for Shiba Inu to surpass the market cap of other established cryptocurrencies?

avatarMurdock RosarioDec 15, 2021 · 3 years ago3 answers

Can Shiba Inu, a relatively new cryptocurrency, surpass the market capitalization of well-established cryptocurrencies like Bitcoin and Ethereum?

Is it possible for Shiba Inu to surpass the market cap of other established cryptocurrencies?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    It's highly unlikely for Shiba Inu to surpass the market cap of Bitcoin and Ethereum. These two cryptocurrencies have a strong foothold in the market and have been around for a long time. Shiba Inu, on the other hand, is a relatively new and speculative cryptocurrency. While it has gained some popularity recently, it would require a massive surge in demand and adoption for it to surpass the market cap of Bitcoin and Ethereum.
  • avatarDec 15, 2021 · 3 years ago
    Shiba Inu has seen significant growth in a short period of time, but surpassing the market cap of Bitcoin and Ethereum is a tall order. Bitcoin is the first and most well-known cryptocurrency, and Ethereum has a strong ecosystem with a wide range of applications. While Shiba Inu has its own unique features and a passionate community, it would need to overcome significant challenges to surpass the market cap of these established cryptocurrencies.
  • avatarDec 15, 2021 · 3 years ago
    As an expert at BYDFi, I can say that while Shiba Inu has shown impressive growth, surpassing the market cap of Bitcoin and Ethereum is highly unlikely. Bitcoin and Ethereum have established themselves as the top cryptocurrencies and have a large user base and institutional support. Shiba Inu has potential, but it would need to demonstrate sustained growth and widespread adoption to compete with these giants.