In the ever-volatile world of memecoins, Shiba Inu (SHIB) and Dogecoin (DOGE) continue to battle it out for retail investors’ attention. Both tokens are trading well below the $1 mark, but recent price action and technical setups suggest diverging paths.
Dogecoin trades around $0.1755, at the time of reporting, down 1.23% in the last 24 hours, according to CoinMarketCap data. Meanwhile, Shiba Inu is consolidating at approximately $0.0000098, down slightly by 0.34% but witnessing a short-term rebound after that late-October downturn. If you compare the market cap of both the tokens, Dogecoin hovers near $25 billion, with trading volume spiking as long-term holders offload positions. Meanwhile, SHIB’s massive 589 trillion token supply keeps its market cap at about $5.8 billion. A recent burn of 32 million tokens signals deflationary efforts are on-going.
Factors driving growth
Analysts forecast a potential surge in Dogecoin towards $0.21–$0.25 levels, in anticipation of optimism around the pivotal SEC deadline in November 2025 for potential ETF approvals. A green light from the regulator could drive institutional inflows and mirror Bitcoin’s post-ETF surge. Fundamentally, Dogecoin also benefits from strong brand recognition, celebrity endorsements, and rising institutional interest.
Analysts like Javon Marks predict a 300% jump to $0.65 if $0.17 resistance breaks, fueled by repeated historical bounces from the $0.16 support, which has been tested six times successfully.
Meanwhile, Shiba Inu trades $0.00000989 levels, with technical indicators showing narrowing Bollinger Bands and RSI recovery. Analyst as Gate, suggest a 15% rebound to $0.00001139. SHIB’s fundamentals hinge on its evolving ecosystem, including the Shibarium Layer 2 upgrade, where it’s nearing a milestone of 14 million blocks. Javon Marks sees a 200% upside moving to test a resistance in the $0.000032s.
Upgrades and ETF hopes are boosting derivatives trading for SHIBs, with open interest surging. The ecosystem’s push into a $2 trillion DeFi market via utility tokens like BONE adds real-world value, countering its pure-meme roots. However, its massive circulating supply of over 589 trillion tokens makes the $1 target mathematically implausible without extreme deflation.
Who will win the $1 race?
For Dogecoin to make it to $1, it would require a $150 billion market cap, as compared to where it stands today at $25 billion. This could be plausible in a bull run, accounting for multi-year cycles. Considering SHIB’s undertakes more token burns to reduce supply, at current levels, it would touch $1 only if its market cap hits an absurd $589 trillion mark. This would mean exceeding global wealth in itself.
Going by both the technical and fundamental factors, it is safe to conclude that Dogecoin is the better buy under $1 for more realistic $1 aspirations. Shiba Inu could suit the high-risk speculators betting on ecosystem burns, but the $1 dream seems a bit far-fetched at this moment. So, as the memecoin ecosystem evolves, the $1 race favors the original underdog currently.