Investorsâ interest has been piqued by the ambition of witnessing meme coins such as Shiba Inu and Pepe Coin valued at $1. However, given overwhelming supply and market capitalization restrictions, a well-known crypto analyst thinks these coins canât reach $1. The route is still long even if Dogecoin (DOGE) would have a greater chance of approaching $1. Newer options such as Rexas Finance (RXS) are attracting interest as sensible investments with expected future expansion.
đ¶Detailed Shiba Inu Coin Analysis
With a startling 589.27 trillion SHIB in circulation, Shiba Inu has great restrictions on its potential to reach $1. To reach this, SHIB would need an unrealizable market capitalization of $589.27 trillion, much above the value of the worldwide cryptocurrency market. While Bitcoin (BTC), the most valuable cryptocurrency, sits at over $600 billion, the total crypto market capitalization right now rests around $2.5 trillion. Over 230 times the combined market value of all cryptocurrencies, the market capitalization required to drive SHIB to $1 is more than This would entail an improbable possibility in the foreseeable futureâthat almost the whole world economy would have to revolve around SHIB. With SHIB aiming for $0.01, a market capitalization of $5.89 trillionâmore than double the total market capitalization of the whole crypto spaceâwould still be required. With a circulating supply as high as 589.27 trillion, SHIB has a great challenge to get significant price increases. Its price could be improved only with a significant decrease in supply, which may be achieved with an aggressive token burn program. Without such policies, though, the likelihood of SHIB reaching $1 remains almost unreal.
đ¶Detailed Study of Pepe Coin
Pepe Coin has a massive circulating supply of 420.69 trillion tokens, much as SHIB, which creates major challenges to notable price increases. If PEPE were to hit $1, it would require a market capitalization of $420.69 trillion, which is 168 times the whole bitcoin market capitalization, an impractical target in the current financial environment. A target of $0.01 for PEPE would demand a market capitalization of $4.21 trillion, an incredible amount much above Bitcoin and Ethereum taken together. Given the competitiveness in the crypto market and PEPEâs supply quantity, reaching such market cap levels would be almost unattainable.
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With PEPEâs high circulating supply, a meaningful price increase is challenging until the token supply is significantly lowered. The possibility of PEPE attaining even moderate price targets stays low without major token burning.
đ¶Dogecoin: A More Realistic Route To $1
Currently valued at about $0.2, Dogecoin (DOGE) has shown to be among the better-performing meme coins this year. Should DOGE maintain strong market support, its more reasonable supply relative to SHIB and PEPE could help it achieve $1. The coinâs performance is supported by its community, high-profile personasâ support, and rising crypto space interest. Technical signals indicating the possibility for bullish development have also helped DOGEâs price movement be supported: the recent development of a declining wedge and a golden cross pattern. The rising potential of DOGE is shown in market indicators, including higher trading volume and growing futures interest. To reach the $1 milestone, DOGE still needs a major rallyâestimated at 525%.
đ¶Conclusion
Dogecoin is a stronger option for price appreciation in the meme coin field, even if the ambition of seeing meme coins like SHIB and PEPE hit $1 may be unattainable due to too high supply and market cap needs. Rexas Finance (RXS) makes a solid argument for investors looking for tokens with more realistic growth potential, nevertheless, with good fundamentals, a fast advancing presale, and real-world use cases in asset tokenizing.
