Dogecoin and Shiba Inu are trending higher than a year ago, but are still a long way from their 2021 all-time high prices. While both rank high in the top 20 cryptocurrencies by market cap, they are still well below the market capitalization of ethereum, the second largest cryptocurrency by market capitalization. So if both DOGE and SHIB reached the market cap of ethereum, at what price would they trade?
Dogecoin with ethereum market cap
Dogecoin's market capitalization currently stands at $30.7 billion, while the price is $0.214. This makes it the largest meme coin in the sector in terms of market capitalization and puts it ahead of companies like Shiba Inu. However, if DOGE's market cap reached ethereum's market cap, the price would trade much higher than it is now.
The MarketCapOf website ethereum/dogecoin/” rel=”nofollow noopener” target=”_blank”>sample where one cryptocurrency would trade at the market capitalization of another and in this case it is Dogecoin compared to ethereum. If the market capitalization of DOGE were to reach $424 billion, which is the current market capitalization of eth, its price would be trading at $2.96. Such a price would mean that the price of DOGE would trade at 1,300% higher than its current price level.
<img decoding="async" class="alignnone size-medium wp-image-290450 aligncenter" src="https://technicalterrence.com/wp-content/uploads/2024/03/Here39s-where-Dogecoin-and-Shiba-Inu-would-be-with-Ethereum39s.png" alt="Dogecoin ethereum” width=”640″ height=”354″ srcset=”https://bitcoinist.com/wp-content/uploads/2024/03/Screenshot-2024-03-29-at-13.46.39.png?w=2934 2934w, https://technicalterrence.com/wp-content/uploads/2024/03/Here39s-where-Dogecoin-and-Shiba-Inu-would-be-with-Ethereum39s.png 640w, https://bitcoinist.com/wp-content/uploads/2024/03/Screenshot-2024-03-29-at-13.46.39.png?w=768 768w, https://bitcoinist.com/wp-content/uploads/2024/03/Screenshot-2024-03-29-at-13.46.39.png?w=980 980w, https://bitcoinist.com/wp-content/uploads/2024/03/Screenshot-2024-03-29-at-13.46.39.png?w=1536 1536w, https://bitcoinist.com/wp-content/uploads/2024/03/Screenshot-2024-03-29-at-13.46.39.png?w=2048 2048w, https://bitcoinist.com/wp-content/uploads/2024/03/Screenshot-2024-03-29-at-13.46.39.png?w=750 750w, https://bitcoinist.com/wp-content/uploads/2024/03/Screenshot-2024-03-29-at-13.46.39.png?w=1140 1140w” sizes=”(max-width: 640px) 100vw, 640px” data-recalc-dims=”1″/>
Source: MarketCapOf
Then, to take it a step further, the website shows where Dogecoin's price would be if its market cap reached ethereum's all-time high market cap. This would put it at $3.97 per coin with a market capitalization of $571.66 billion. It would also be 1,800% higher than its current price.
On the other hand, eth, with the market capitalization 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 capitalization of $30.7 billion.
Shiba Inu with ethereum market cap
Comparing the price of Shiba Inu to the market cap of ethereum leaves a huge disparity between its current value and its current value. As the website shows, the price of SHIB, if it reaches $424 billion, would stand at $0.00071637. Consequently, this would mean an increase of more than 2,300% compared to its current level.
Then looking at SHIB with eth's all-time highest market cap puts it 3,100% higher at $0.0009691. By contrast, ethereum trading with Shiba Inu's market cap puts it at just $150, down 96% from its current price of $3,500.
This comparison shows the disparity between the assets even though they are all some of the largest cryptocurrencies in the sector. It also gives investors an idea of what to expect if the price of these coins continued to grow over time.
DOGE bulls push price to $0.214 | Source: DOGEUSDT on Tradingview.com
Featured image from Coinpedia, chart from Tradingview.com
