Analyst Murad Mahmudov has made a bold statement that Shiba Inu will surpass Dogecoin in the next crypto cycle. Currently, Dogecoin holds the eighth position among cryptocurrencies with a market capitalization of $15.8 billion, while Shiba Inu is in 13th place with a capitalization of $8.8 billion.
Murad Mahmudov’s Prediction
According to former Goldman Sachs analyst Murad Mahmudov, the claim that surpassing Dogecoin is nearly impossible is a strategic manipulation. 'The biggest trick they played on you is to convince you that DOGE cannot be flipped,' Mahmudov stated.
Comparing Shiba Inu and Dogecoin
Elon Musk-backed Dogecoin has long been considered unbeatable. During the late 2021 bull market, Shiba Inu challenged this notion by temporarily surpassing Dogecoin with a market cap exceeding $32.7 billion. Nonetheless, Shiba Inu underwent a massive correction and is currently trading at a 50% discount to Dogecoin.
The Future of Shiba Inu and Dogecoin
Despite corrections, the Shiba Inu development team is actively building an ecosystem around its cryptocurrency. The recent beta launch of the Web3 game Shiba Eternity could help Shiba Inu surpass Dogecoin in the next bull market. Additionally, Shiba Inu lead developers announced plans to transfer project control to the community by the year’s end to achieve 'true decentralization.'
In conclusion, despite current challenges, Shiba Inu continues to develop its ecosystem and aims to outperform competitors, including Dogecoin, in the next crypto cycle.
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