Shiba Inu (SHIB) could see a significant increase in value if the market cap of Dogecoin (DOGE) doubles. Both DOGE and SHIB are prominent meme coins, with DOGE currently having a market cap of $46.5 billion, representing over 48% of the meme coin market. Analysts believe that Dogecoin has the potential to reach higher valuations, with price targets projecting a 112% rise to $0.66. This potential rally in DOGE could spill over into the Shiba Inu market, as the two coins have a strong price correlation. If SHIB follows a similar 112% increase, its price could rise to a new yearly peak of $0.00004613, pushing its market cap to $27.18 billion.



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