PEPE or $SHIB: Any meme coin can hit $1 first🔥or
PEPE
0.00001725
-5.73
SHIB
0.00002147
-5.95%
: Any MIM coin can be worth up to $1
First?
Currently, PEPE and SHIB (Shiba Inu) are iconic meme coins, but their prices are far from $1. Predicting which one could achieve this feat first is highly speculative, depending on market trends, investor sentiment, and the overall state of cryptocurrency adoption.
Here’s a closer look:
Shiba Inu
Well-established ecosystem: SHIB has a larger and established community with initiatives such as ShibaSwap and the Shibarium blockchain. Its ecosystem also includes NFTs and the metaverse project, which adds to its appeal.
Supply Challenges: With over 500 trillion tokens in circulation, reaching $1 would require a market cap in the hundreds of billions—a scenario that would be nearly unimaginable without a massive token burn or unprecedented global adoption.
Baby
New and Trendy: As a new coin, PEPE has garnered attention for its viral appeal and rapid price fluctuations. Its trajectory is currently driven more by hype than interest.
Supply Challenges: Like SHIB, PEPE also suffers from an oversupply problem, requiring exceptional demand to get close to $1.
Bottom Line:
For either coin to reach $1, it would require:
Massive Demand: A surge in interest beyond anything the cryptocurrency market has seen.
Token Supply Management: Deep discounts via token burns or other mechanisms.
Adoption growth: Real use cases or continued hype to justify valuation.