Crypto analyst Altcoin Sherpa has sparked conversations in the cryptocurrency community by suggesting that Shiba Inu (CRYPTO:SHIB) might overtake Dogecoin (CRYPTO:DOGE) to become the leading meme coin in terms of market capitalisation.

This speculation arises amid a period where SHIB is exhibiting promising fundamentals, highlighted by a notable surge in its token burn rate over the past day.

According to Sherpa, despite the competitive landscape, there are indications that Shiba Inu could see notable peaks in performance and possibly surpass Dogecoin, which has held the top meme coin spot for a considerable time.

Sherpa's insight into Shiba Inu's potential for growth and its current positive trajectory has caught the attention of investors and enthusiasts alike, sparking discussions around the future dynamics of meme coins in the cryptocurrency market.