Dogecoin (DOGE) and Shiba Inu (SHIB) are two of the biggest rivals in the memecoin sphere. Both projects have turned several early investors into multi-millionaires. Both have strong fan bases. While DOGE has an upper hand for entering the scene earlier, SHIB has made significant inroads in its four short years of existence.

Also Read: Amazon Set to Accept $XRP Payments—Ripple Price Predicted to Reach $2.10 by April 2025

Shiba Inu Vs. Dogecoin: Which Can Turn $1000 Into $1 Million First?

If you purchase $1000 worth of SHIB today, you will receive about 85,616,438.36 (85.61 million) tokens. On the other hand, $1000 will get you about 6,460.85 DOGE.

Also Read: Shiba Inu Price to Explode 550%? Bullish Signs Confirmed by 3 Expert Predictions

For 85.61 million Shiba Inu (SHIB) tokens to be worth $1 million, the price of each token has to hit $0.01168. SHIB’s price has to rally by about 99,900% to hit the $0.01168 target. According to Telegaon, SHIB could hit the $0.01168 mark sometime between 2035 and 2040.

For 6,460.85 Dogecoin (DOGE) to be worth $1 million, the price of each has to hit $154.8. DOGE’s price has to also rally by 99,900% to hit the $154.8 target. Unlike Shiba Inu (SHIB), according to Telegaon, DOGE will hit the $154.8 target sometime after 2040. The platform anticipates the memecoin to trade at a maximum price of $72.37 in 2040.

According to Telegaon’s analysis, Shiba Inu (SHIB) could turn $1000 into $1 million faster than Dogecoin (DOGE).

Other factors may also help SHIB’s price movement. SHIB has a limited supply of about 589 trillion tokens. DOGE, on the other hand, does not have a supply cap. This aspect makes SHIB deflationary, while it makes DOGE inflationary. The SHIB team is also working on a new burn mechanism that could drastically reduce the asset’s supply. Such a development would skyrocket SHIB’s price.

Also Read: XRP Price Prediction: M2 Surge & ETF Deadline Hint $10 Breakout

On the other hand, there is a lot of talk about Dogecoin (DOGE) being included in X’s payment feature. If X enables DOGE payments, the asset may witness a massive surge in adoption. This could lead to a monumental price spike for DOGE.