Shiba Inu's market capitalization is rapidly approaching that of Dogecoin, with Shiba Inu currently valued at around $20.5 billion, just 17% below Dogecoin's market cap of $24.1 billion. Over the past week, both meme cryptocurrencies have experienced significant surges, with Shiba Inu climbing several positions in the top 100 rankings and positioning itself just below Dogecoin. In the past seven days, Shiba Inu has seen a remarkable 62% price increase and a 280% surge over the past month, while Dogecoin has experienced a 19% price increase in the last week and a 109% surge over the month. This surge in popularity and value underscores the ongoing excitement surrounding meme cryptocurrencies in the crypto market.