Is It Shiba Inu? Former Goldman Sachs Predicts Dogecoin Will Be Flipped

Murad Mahmudov identifies the largest trick ever performed on buyers, asserting that Dogecoin can be flipped by a memecoin on this market cycle.  

Former Goldman Sachs analyst Murad Mahmudov says the largest trick ever performed on unwary crypto buyers is the deception that Dogecoin can’t be surpassed or outperformed. 

“The most important trick they performed on you is to persuade you that DOGE can’t be flipped,” Murad remarked. 

Murad’s commentary means that convincing folks that Dogecoin can’t be outperformed is a intelligent manipulation to assist DOGE preserve its dominance and discourage competitors from rival initiatives. 

New Memecoin to Flip Dogecoin 

In a follow-up tweet, Murad indicated that his assertion is targeted on Dogecoin’s dominance within the memecoin market. Apparently, the analyst speculated that one other memecoin will flip Dogecoin within the 2024/2025 market cycle. 

For context, proponents of the Elon Musk-backed memecoin championed this misleading perception that Dogecoin might by no means be flipped. Nevertheless, Shiba Inu (SHIB) silenced them in October 2021, changing into the primary memecoin to overhaul DOGE. 

On October 27, 2021, Shiba Inu staged a forty five% each day progress, which took its market cap to $32.7 billion. This rally noticed Shiba Inu dethrone Dogecoin, which boasted a valuation of $32.1 billion on the time. The subsequent few days noticed each Shiba Inu and Dogecoin wrestle to be the premier memecoin in the marketplace. 

As many Shiba Inu buyers took revenue, SHIB’s worth plunged closely, thus serving to Dogecoin cement its place as probably the most beneficial memecoin. 

Can Shiba Inu Replicate Its 2021 Feat? 

On the time of writing, Dogecoin is ranked as the largest memecoin, with a market cap of $15.67 billion. Conversely, Shiba Inu, which boasts a valuation of $8.48 billion, ranks because the second-biggest memecoin. Pepe (PEPE) is the third-biggest memecoin, with a market cap of $3.43 billion. 

Regardless of the large hole between Dogecoin and different high memecoins, Murad believes DOGE will be flipped on this cycle. Nevertheless, he didn’t specify which asset would possibly obtain this feat. 

For Shiba Inu to flip Dogecoin, its market cap of $8.48 billion should surge by no less than 84.77%, doubtlessly rising above $15.67 billion. The same surge in Shiba Inu’s present worth of $0.00001438 will see SHIB commerce at $0.00002657 per token.  

In the meantime, whether or not Shiba Inu may be the memecoin to flip DOGE within the 2024/2025 market cycle stays to be seen.