claim that a cryptocurrency like "1MBaby Doge" could reach $1 in 24 hours, supposedly supported by Elon Musk, should be analyzed carefully. Here's a breakdown:
1. Reality Check on Market Cap
Current Price: If 1MBaby Doge is a micro-cap cryptocurrency, its current price is likely fractions of a cent.
Market Cap Implications: For it to reach $1, the market cap would need to skyrocket. For example:
If there are 1 trillion tokens, a $1 price would mean a $1 trillion market cap — comparable to Bitcoin’s peak market cap.
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