LIVEWhich Crypto Will Reach $1 First – Top Meme Coins Dogecoin, Shiba Inu, or Ripple’s XRP
The meme coin market has exploded since 2021, with joke cryptocurrencies like Dogecooin (DOGE) and Shiba Inu (SHIB) producing exponential gains.
While DOGE and SHIB get most of the attention from retail traders on social media, Ripple’s XRP has gained momentum following the company’s high-profile legal win over the SEC.
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.
Which Other Cryptos Could Potentially Reach $1?
While DOGE, SHIB, and XRP all battle to become the first to trade at $1, retail investors are fascinated by the prospect of smaller altcoins exploding to that level.
One such crypto that has captured the attention is Meme Kombat (MK), a new meme-inspired gaming token aiming to capitalize on this interest.
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