Shiba Inu and Cardano are two cryptocurrencies that have been all over the news. Shiba Inu for its massive price increase and Cardano because after years of talk they finally released a functional blockchain.
Now, the rise of Shiba Inu has led some people to question whether Shiba Inu can surpass Cardano by 2025.
Note: We will define “surpass” as market cap because Shiba Inu has such a large supply that the price of each token will never be very high.
It might sound preposterous that a meme coin can overtake an entire blockchain. However, it is not as unreasonable as you might think. Meme coins have their place in the market. Shiba Inu also has the lead in its category (meme coins), which is something that Cardano does not have in its own category.
Anyway, this article will discuss the chances of Shiba Inu surpassing Cardano by 2025.
Cardano Has Stiff Competition
The best hope Shiba Inu has of passing Cardano does not have much to do with Shiba Inu’s project at all. Remember, Shiba Inu is a meme coin – the project is basically already fully developed at this point.
Basically, Cardano is a lot more likely to become irrelevant than Ethereum because of the large amount of worthwhile competition Cardano faces.
The biggest, most successful competitor to Cardano is obviously Ethereum. It also has to deal with other blockchains all attempting to usurp Ethereum like Avalanche, Solana, Polkadot, and more.
In other words, Cardano is not just competing with Shiba Inu. It’s competing with every other blockchain out there. And those blockchains are a big threat to Cardano’s market cap.
Unfortunately, it seems likely that Cardano will lose out on this battle to competitors. Ethereum, Polkadot, and Solana are the two most likely blockchains to beat Cardano. Avalanche is also picking up market share in the layer 1 race.
People Like Meme Coins
Those that have been in the cryptocurrency industry for a few years likely view meme coins as childish and worthless. However, those thoughts do not change the fact that meme coins are immensely popular with people unfamiliar with cryptocurrency.
Bitcoin, Ethereum, and other cryptocurrencies can be intimidating to newcomers. The jargon used combined with the inclusiveness of the community just make it intimidating for people.
The main cryptocurrencies also do not have a “fun” element to them. At least not in the same way that meme coins are fun with images of dogs and cool graphics.
Our point with this is that meme coins are much more accessible to people than regular cryptocurrencies.
You should certainly not underestimate the power of being fun, which brings us to our next point.
Meme Coins Probably Aren’t Going Anywhere
People go back and forth about whether or not meme coins are a fad.
The short answer is that meme coins are not a fad. As mentioned in the previous point, meme coins are fun and accessible to the average person that is not too familiar with cryptocurrency.
The point people do not talk about with meme coins is that they are often viewed as a lottery ticket by investors. People see the low price compared to Bitcoin and imagine what would happen if the price of the meme coin rose to that of Bitcoin.
That obviously won’t happen because of supply differences between the average meme coin and Bitcoin. But it still does not stop people from imagining that scenario and basing their investment on that information.
So, meme coins are not a fad. They will stay here for the foreseeable future and become a permanent part of the cryptocurrency industry. They serve as a good on-ramp for newcomers as well as a good outlet for those that want to gamble some money on a moonshot.
Three Years is a Long Time in Crypto
To get back to the point with Cardano and Shiba Inu, it is difficult to predict anything about the future.
This is especially true in the cryptocurrency industry where things change in a matter of months.
As an example of the ever changing nature of cryptocurrency, Shiba Inu was largely unknown and irrelevant at the beginning of the year. Ethereum also was trading under $1,000 at the beginning of the year.
If we look back three years, then we will see that Cardano was still in its development phase, Bitcoin was in the four digit price range, Dogecoin was irrelevant, and Shiba Inu was a few years from even existing.
Again, things change fast in cryptocurrency. The entire Ethereum blockchain could collapse during the transition to Ethereum 2.0, which would be a nightmare scenario for both Ethereum and Shiba Inu. It would, however, likely lead to an increased popularity of Cardano in the long run.
Our final verdict on this matter is that Shiba Inu can certainly surpass Cardano by 2025. The caveat is that it will not be because of Shiba Inu’s growth.
It will more likely be a result of the decreasing popularity of Cardano. Of course, meme coins like Shiba Inu can fade away, but it appears that Shiba Inu has cemented itself in place as the go-to meme coin for those looking to get into cryptocurrency.