Former Goldman Sachs Analyst Claims Shiba Inu (SHIB) Will Flip Dogecoin (DOGE) in the Next Crypto Bull Cycle

Murad Mahmudov, the former Goldman Sachs analyst has recently made a bold claim stating that Shiba Inu will flip Dogecoin in the next crypto bull cycle.

Former Goldman Sachs analyst Murad Mahmudov has made a bold claim, stating that Shiba Inu (CRYPTO: SHIB) will flip Dogecoin (CRYPTO: DOGE) in the next crypto bull cycle. Currently, Dogecoin is the eighth largest cryptocurrency with a market cap of $15.8 billion, while Shiba Inu is the 13th largest cryptocurrency with a market cap of $8.8 billion.

Murad highlighted the significance of this achievement, considering Dogecoin's strong position in the meme coin market. He noted that Elon Musk-backed Dogecoin supporters have long maintained that the cryptocurrency is indomitable. However, during the late 2021 bull run, Shiba Inu challenged this notion, becoming the first meme coin to surpass Dogecoin in a single day.

Shiba Inu experienced a 45% daily surge during this period, pushing its market cap above $32.7 billion and briefly dethroning Dogecoin.

Shiba Inu In 2021 Bull Run And After

The 2021 bull run saw a massive rally in Shiba Inu (SHIB), making it one of the most talked-about cryptocurrencies. The meme coin surged past Dogecoin (DOGE) in a single day, notching a 45% daily gain and briefly dethroning the original meme coin, which had a market cap of $32.7 billion at the time.

After flipping Dogecoin, Shiba Inu entered a massive correction, and is currently trading at a 50% discount to Dogecoin's valuation. Despite the downturn, Shiba Inu's development team has been working on building a separate ecosystem around the meme coin, positioning it for the upcoming bull cycle.

As reported by Crypto News Flash, the introduction of Shiba Eternity, a Web3 game, could aid Shiba Inu in overtaking Dogecoin in the next bull run. Shiba Eternity recently completed its beta launch, providing early access to members of the SHIB community who staked LEASH tokens.

At press time, Shiba Inu was trading 2.44% down at $0.0000151, with a market cap of $8.9 billion. The daily trading volume was up 10% at $1.23 billion.

As reported by Crypto News Flash, market analysts observed a silent accumulation in Shiba Inu, which could propel SHIB towards a 330% price rally.

Furthermore, lead Shiba Inu developers Shytoshi Kusama and Kaal Dhairya announced plans to transfer control of the project to its community by the end of the year, fulfilling the original vision of founder Ryoshi. This initiative aims to achieve “true decentralization” and empower the community to shape the project’s future, as reported by Crypto News Flash.

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