Recent developments have reinforced Dogecoin’s reputation as the leading meme coin, surpassing rivals like Shiba Inu and Pepe in terms of user base. According to data from IntoTheBlock, Dogecoin has 23 million holders, while SHIB has 224 holders and PEPE has 20,170 holders. This realization solidifies DOGE as the top choice among all other meme coins. The adoption of these crypto tokens could have a significant impact on their prices. Analysts predict that if certain conditions are met, the price of Shiba Inu could see a huge increase to $0.000052. It is important to note that the number of holders of DOGE had increased substantially even prior to the rise in bullish activity in the cryptocurrency market. Last year, Bitcoinist stated that there were over 5 million addresses holding DOGE, according to a report. In addition, the growth of DOGE was notable earlier this year when over 890,000 new DOGE wallets were created in a week. The increasing number of people holding this popular meme coin is especially impressive in light of speculation that a new meme coin could surpass DOGE in popularity. This highlights investors’ strong optimism in DOGE and a belief that the cryptocurrency could experience a significant increase similar to the one seen in 2021, when it rose by 20,000% to reach a record high of $0.7376.