Which Crypto Will Reach $1 First – Top Meme Coins Dogecoin, Shiba Inu, or Ripple’s XRP 🤑🤑💹
Can Dogecoin or Shiba Inu Realistically Hit $1?
Can DOGE or SHIB ever hit $1? This question has been debated over the past two years, capturing the attention of investors seeking life-changing returns.
For Dogecoin, currently trading around $0.076, this would require a market cap of over $141 billion based on the coin’s circulating supply.
While not impossible, given the irrational exuberance around meme coins, it would likely require a significant change in how mainstream investors perceive DOGE.
Why XRP Appears Most Likely to Reach $1 Next Among Major Cryptocurrencies
While Dogecoin and Shiba Inu face steep climbs to reach the $1 mark, for XRP, the path looks more achievable.
Currently trading around $0.69, XRP would only need to gain around 41% to hit $1.
With a more reasonable circulating supply of just over 53 billion tokens, its market cap reaching $53 billion needed for $1 XRP is within the realms of possibility.
Moreover, as the native token of the Ripple payment network, XRP benefits from growing real-world utility and adoption for cross-border payments and liquidity management.
Major partnerships with financial institutions are possible and could help ramp up demand for XRP.
Although the ongoing litigation with the SEC has been a drag, this seems to be behind Ripple now – clearing the path forward.
All in all, out of the three cryptos mentioned, XRP is the most likely to reach the $1 level first.
qThe token has been valued at $1 as recently as December 2021, and with DOGE and SHIB having never reached that milestone, the odds favour XRP hitting it again before either of the meme coins.
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