Can You Play TTRPG's Without a Dungeon Master?

There are countless systems out there which cater to a variety of different play styles . . . but can you play them without a dedicated DM/GM?

Is it possible to run something like 5e or Pathfinder in a collaborative fashion with people taking turns at the helm? Would that even be fun? Or is that better left to systems designed for such things from the start like Wanderhome, Fall of Magic, or maybe Ten Candles?

Obliteration Kevin MacLeod (incompetech.com)

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