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Dogecoin Shiba Inu

Here’s Where Dogecoin And Shiba Inu Would Be With The Market Cap Of Ethereum

Scott Matherson
by Scott Matherson
1 year ago
·
Posted in Shiba Inu
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Dogecoin and Shiba Inu are trending higher than they were a year ago, but they are still a long way from their 2021 all-time high prices. While they both feature prominently in the top 20 cryptocurrencies by market cap, they are still far below the market cap of Ethereum, the second-largest cryptocurrency by market cap. So, if both DOGE and SHIB attained the market cap of Ethereum, what price would they be trading at?

Dogecoin With The Market Cap Of Ethereum

The Dogecoin market cap is currently sitting $30.7 billon while the price is at $0.214. This makes it the largest meme coin in the space in terms of market cap and puts it ahead of the likes of Shiba Inu. However, if the DOGE market cap were to reach the market cap of Ethereum, the price would trade much higher than it is now.

Related Reading: Shiba Inu Lead Dev Tells Ethereum Founder, ‘It’s Just The Start’, Here’s Why

The MarketCapOf website shows where one cryptocurrency would be trading with the market cap of another, and in this case, it’s Dogecoin compared to Ethereum. If the DOGE market cap were to reach $424 billion, which is the current market cap of ETH, its price would trade at $2.96. Such a price point would mean that the DOGE price would be trading at 1,300% higher than its current price level.

Dogecoin Ethereum

Source: MarketCapOf

Then to take it one step further, the website shows where the Dogecoin price would be if its market cap were to reach the all-time high market cap of Ethereum. This would put it at $3.97 per coin with a market cap of $571.66 billion. It would also be 1,800% higher than its current price.

On the flip side, ETH, with the market cap of DOGE, would mean that the former would be trading at $255.89 per coin. It would be 93% lower than its current price, with a market cap of $30.7 billion.

Shiba Inu With The Market Cap Of Ethereum

Comparing the Shiba Inu price with the market cap of Ethereum leaves a large disparity between its current value and where it will be. As the website shows, SHIB’s price, if it reaches $424 billion, would sit at $0.00071637. Consequently, this would mean a more than 2,300% increase from its current level.

Related Reading: Shiba Inu Team Launches Latest Edition Of The SHIB Magazine

Then, looking at SHIB with the all-time high market cap of ETH puts it at 3,100% higher at $0.0009691. Inversely, Ethereum trading at the market cap of Shiba Inu puts it at a mere $150, which is 96% lower than its current price of $3,500.

This comparison shows the disparity between the assets despite all being some of the largest cryptocurrencies in the space. It also gives investors an idea of what to expect if the price of these coins were to continue growing over time.

Dogecoin price chart from Tradingview.com

DOGE bulls push price to $0.214 | Source: DOGEUSDT on Tradingview.com
Featured image from Coinpedia, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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