Shiba Inu and Dogecoin: Prospects for Joining Top 5 Cryptocurrencies

According to CryptoPotato, Shiba Inu (SHIB) experienced a price surge earlier this year, but has since lost some of its momentum. Despite this, the AI-powered chatbot, ChatGPT, sees low chances of SHIB reaching the top 5 cryptocurrencies, even with further growth from Shibarium and a strong community. However, Dogecoin (DOGE), supported by Elon Musk and Tesla, has better prospects for entering the elite club, driven by potential celebrity endorsements and market optimism. The popular meme coin, Shiba Inu, saw an impressive revival earlier this year, with its price reaching a two-year high in March and its market capitalization surging above $25 billion. Despite a decline in the following months, the asset remains one of the 15 biggest cryptocurrencies. ChatGPT suggests that further advancement of the layer-2 scaling solution, Shibarium, and other developments related to Shiba Inu’s ecosystem can help achieve the goal of entering the top 5. The chatbot also noted the meme coin’s devoted community, assuming that its potential growth could be beneficial for a price rally. A recent study revealed that Shiba Inu has the strongest community base among all meme coins, with Dogecoin (DOGE) occupying the second spot. Dogecoin, the biggest meme coin, has better chances to join crypto’s top 5 club this year, according to ChatGPT. The chatbot assumed that the asset’s market cap could increase following possible support from celebrities. DOGE is the favorite cryptocurrency of Tesla’s CEO – Elon Musk. The EV giant recently integrated the token as a payment option on its website. In addition, ChatGPT noted that many industry participants are quite bullish on DOGE, expecting its price to soar in the following months. As of now, DOGE has a market capitalization of more than $23 billion, making it the ninth-biggest in the crypto industry.