In the ongoing rivalry between Dogecoin (DOGE) and Shiba Inu (SHIB), the latest market data shows Dogecoin retaining its spot as the undisputed leader in the meme coin space. As of now, Dogecoin trades at $0.2813 with a market cap of $42.2 billion, ranking it firmly among the top 10 cryptocurrencies. Its 24-hour volume sits at $5.54 billion, giving it a strong volume-to-market cap ratio of 12.02%, a clear indicator of robust trading activity.
Shiba Inu, by contrast, trades at $0.00001338 with a market cap of $7.88 billion about one-fifth of Dogecoin’s valuation. Its 24-hour trading volume of $276.24 million translates to a much lower 3.55% ratio, underscoring its weaker liquidity and trading intensity.
The supply structure also highlights the divide: Dogecoin’s 150.96 billion circulating supply is fully liquid, while Shiba Inu continues to wrestle with managing its massive token count through burns and ecosystem efforts.
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Shiba Inu Struggles to Match Dogecoin’s Market Reach
Despite its branding as the “Dogecoin killer,” Shiba Inu remains far behind when measured against hard numbers. Its Fully Diluted Valuation (FDV) stands at $7.71 billion, barely scratching the surface of Dogecoin’s $40.56 billion FDV.
SHIB boasts a strong holder base of 2.85 million wallets, which is a testament to its active community. However, without significant catalysts, the token has yet to break through the valuation ceiling that DOGE comfortably maintains.
Related article: Mid-Term Shiba Inu Investors Accumulate 29.57 Trillion SHIB in June Amid Market Pressure
While Shiba Inu continues to expand its ecosystem with projects like ShibaSwap and token burns, the data suggests its market influence remains limited compared to Dogecoin’s consistent dominance in both value and liquidity.
Dogecoin Remains the Alpha Meme Coin
The latest numbers confirm what many market watchers have long argued: Dogecoin remains the king of meme coins. With a market cap nearly six times that of Shiba Inu, stronger liquidity, and broader adoption, DOGE continues to command attention from both traders and mainstream audiences.
Shiba Inu’s passionate community and innovative efforts may secure its long-term relevance, but in the present market cycle, it remains an underdog. Unless SHIB can generate new momentum, Dogecoin’s first-mover advantage and deeper liquidity ensure its continued reign at the top of the meme coin ladder.
