If you focus only on Shiba's market cap, it will be a bit strange, because Shiba's market cap is now $11 billion. If he goes up to Doge's market cap of $63 billion, it means that Shiba has increased 6x again. But if Shiba increased 6x again it would bring shiba's fully diluted market cap to $168 billion ($28 billion x 6). In my opinion, just focus on the fully diluted market cap, which is to calculate the crypto valuation based on the total supply and True, meme coins can be risky but not all meme coins fail.
so then I understand that, for example, when a coin goes from 1 dollar to 2 dollars, x2 increases. On the other hand, when the market value goes from 10k to 50k, does it increase 5 times?