By Finbold | Created at 2026-10-14 15:13:55 | Updated at 2026-10-16 05:18:06
1 day ago
Even though the 24-hour trading volume for memecoins plunged by nearly 30% to $1.96 billion on October 14, 2026, the mainstream appeal for these unbacked speculative digital assets is well positioned to pump the top two projects to a market capitalization of $20 billion by 2027.
The market cap of Dogecoin (DOGE) and Shiba Inu (SHIB) could reach $20 billion before the end of next year. At the time of writing, DOGE had a market cap of $13.14 billion, thereby indicating a potential 52.21% upside to hit this milestone.
Memecoins page showing DOGE and SHIB. Source: CoinMarketCapWith approximately 589.23 trillion SHIB in circulating supply at the time of publication, Shiba Inu had a market cap of roughly $3.02 billion. For this memecoin to have a market valuation of $20 billion, the token’s price must return to rally towards $0.000035, which marked its 2024 bull run peak.
Worth noting that Shiba Inu’s price had capitulated over 94% from its all-time high (ATH) of about $0.00008845, set on October 28, 2021. Notably, this memecoin attained a market cap of $41.121 billion at its ATH.
As a result, SHIB’s $20 billion market cap target for 2027 is only half of its previous ATH.
Why Dogecoin and SHIB are the memecoins targeting $20B by 2027
Throughout the past crypto bear market, DOGE and SHIB held their first and second positions, by market cap, respectively. At the time of reporting, both of these memecoins were the most visited, according to data Finbold fetched from CoinMarketCap.
Over the past 7 days, DOGE and SHIB had fallen 5.3%, to $0.08476 and $0.000005163, respectively.
Nonetheless, as more institutional investors, including Citigroup Inc. (NYSE: C), signal a bullish outlook for cryptocurrencies – led by Bitcoin (BTC) and Ethereum (ETH) – before the end of the fourth quarter (Q4) of 2026, DOGE and SHIB are very likely to reclaim a $20 billion market cap.
Featured image via Shutterstock
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