$SHIB price forecasts are turning bullish, with one popular TradingView user predicting a stunning 400% surge in the coming months and weeks.
According to TradingView user without_worries, $SHIB has broken out of a downtrend, setting up a repeat of its 400% surge in late February/early March.
With SHIB last close to $0.000019, another 400% surge would see the Shiba Inu price return to near its all-time highs in the $0.000080 area.
A 400% surge would see SHIBâs market cap swell from around $10.57 billion to over $40 billion.
Thatâs well above Dogecoin (DOGE)âs current market cap of around $18 billion.
Will SHIB Overtake DOGE
Of course, if the Shiba Inu price experiences a rapid surge, Dogecoin would also be expected to surge.
And it would be a tough ask for Shiba Inu to catch up.
Dogecoin has the advantage of being older, being on its own decentralized blockchain (unlike SHIB, which is an ERC-20 token), and having the backing of world-famous billionaire Elon Musk.
