Meme coins like Shiba Inu ($SHIB ) and Pepe Coin ($PEPE ) have sparked dreams of massive price surges, but is $1 achievable? Let’s break it down and see why Dogecoin ($DOGE) might still be the best bet in the meme coin space.
🔶 $SHIB: The $1 Dream
With 589.27 trillion tokens in circulation, would SHIB need a $589 trillion market cap to hit $1—over 230x the entire crypto market value today!
Even a modest target of $0.01 requires a $5.89 trillion market cap, still over twice the crypto market’s current size.
The key to growth lies in aggressive token burns to reduce supply. Without this, hitting even $0.01 remains a monumental challenge.
🔶 $PEPE: Facing the Same Struggles
A circulating supply of 420.69 trillion tokens means reaching $1 would require a $420 trillion market cap, 168x Bitcoin's current cap.
Even $0.01 would need $4.21 trillion, surpassing Bitcoin and Ethereum combined.
Like $SHIB, meaningful price growth depends on massive supply reductions through burning programs.
🔶 Why $DOGE Could Reach $1 First
Dogecoin’s supply dynamics and strong community backing position it as a more realistic candidate for the $1 milestone:
✅ Currently trading around $0.20, DOGE needs a 525% rally to hit $1.
✅ Backed by influential figures like Elon Musk and widespread adoption for payments, $DOGE has a better chance of long-term growth.
✅ Technical indicators like the golden cross pattern and a declining wedge breakout hint at bullish momentum.
🔶 The New Contender: Rexas Finance (RXS)
While meme coins face immense market cap challenges, newer tokens like Rexas Finance ($RXS) offer more realistic growth potential:
🌟 Solid fundamentals and use cases like asset tokenization.
🚀 A fast-growing presale and increasing investor interest.
🔶 Conclusion
While and SHIB PEPE might struggle to hit $1 due to overwhelming supply and market cap constraints, $DOGE remains a solid contender for price appreciation in the meme coin space. Meanwhile, emerging projects like $RXS provide exciting opportunities for investors seeking growth beyond the meme coin realm.
📣 What’s Your Take?
Do you think $DOGE will reach $1 first, or will another coin steal the spotlight? Let us know in the comments below!
#ShibaInu #PEPE #Dogecoin #MemeCoins #Binance