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Cryptocurrency News Articles

Shiba Inu Coin and Pepe Coin Valued at $1: A Detailed Analysis

Nov 19, 2024 at 02:08 am

Investors' interest has been piqued by the ambition of witnessing meme coins such as Shiba Inu and Pepe Coin valued at $1.

Shiba Inu Coin and Pepe Coin Valued at $1: A Detailed Analysis

Investors have shown keen interest in seeing meme coins like Shiba Inu and Pepe Coin reach the $1 mark. However, a renowned crypto analyst believes that these coins cannot reach $1, given their immense supply and market capitalization limitations. Dogecoin (DOGE), on the other hand, has a higher chance of approaching $1 if it can maintain strong market support.

Shiba Inu Coin Analysis in Detail

With an astonishing circulating supply of 589.27 trillion SHIB, Shiba Inu faces significant hurdles in reaching $1. To get there, SHIB would need an unrealizable market capitalization of $589.27 trillion, far exceeding the total value of the global cryptocurrency market. While Bitcoin (BTC), the leading cryptocurrency, sits at over $600 billion, the total crypto market capitalization at the moment rests around $2.5 trillion. Over 230 times the combined market value of all cryptocurrencies, the market capitalization required to drive SHIB to $1 is more than This would entail an improbable possibility in the foreseeable future—that almost the whole world economy would have to revolve around SHIB. With SHIB aiming for $0.01, a market capitalization of $5.89 trillion—more than double the total market capitalization of the whole crypto space—would still be required. Given its circulating supply, which is as high as 589.27 trillion, SHIB has a great challenge to get significant price increases. Its price could be improved only with a substantial decrease in supply, which may be achieved with an aggressive token burn program. Without such policies, though, the likelihood of SHIB reaching $1 remains almost unreal.

Buy Rexas Finance (RXS) Presale Here

Pepe Coin Analysis in Depth

Pepe Coin has a massive circulating supply of 420.69 trillion tokens, much like SHIB, which creates major challenges to notable price increases. If PEPE were to hit $1, it would require a market capitalization of $420.69 trillion, which is 168 times the whole bitcoin market capitalization, an impractical target in the current financial environment. A target of $0.01 for PEPE would demand a market capitalization of $4.21 trillion, an incredible amount much above Bitcoin and Ethereum taken together. Given the competitiveness in the crypto market and PEPE’s supply quantity, reaching such market cap levels would be almost unattainable.

With PEPE’s high circulating supply, a meaningful price increase is challenging until the token supply is significantly lowered. The possibility of PEPE attaining even moderate price targets stays low without major token burning.

Dogecoin: A More Realistic Path To $1

Currently valued at about $0.2, Dogecoin (DOGE) has shown to be among the better-performing meme coins this year. Should DOGE maintain strong market support, its more reasonable supply relative to SHIB and PEPE could help it achieve $1. The coin’s performance is supported by its community, high-profile personas’ support, and rising crypto space interest. Technical signals indicating the possibility for bullish development have also helped DOGE’s price movement be supported: the recent development of a declining wedge and a golden cross pattern. The rising potential of DOGE is shown in market indicators, including higher trading volume and growing futures interest. To reach the $1 milestone, DOGE still needs a major rally—estimated at 525%.

Rexas Finance (RXS): A Better Alternative for $1 Potential

Whereas SHIB and PEPE deal with almost unattainable market cap criteria, Rexas Finance (RXS) presents a more realistic route to notable price increases. Focusing on real-world asset (RWA) tokenization, RXS has attracted significant investor support during its continuous presale—which has now advanced to Stage Five. Having a token price of $0.07 and 77.84% completion of this stage, RXS has generated around $6.19 million and sold almost 120 million tokens. The platform’s creative approach to asset tokenization and community incentives—including a $1 million RXS token distribution—helps to drive this increasing demand. Together with its recent CertiK assessment, Rexas Finance’s forthcoming listing on three main tier-1 exchanges in early 2025 lends credibility and visibility to the idea. With its emphasis on the highly prospective RWA sector, RXS might see fast expansion and maybe reach $1 as the Bitcoin market starts a bull run.

Conclusion

Even if the ambition of seeing meme coins like SHIB and PEPE hit $1 may be unattainable due to too high supply and market cap needs, Dogecoin is a stronger option for price appreciation in the meme coin field. Investors looking for tokens with more realistic growth potential, nevertheless, will find Rexas Finance (RXS) making a solid argument with good fundamentals, a fast advancing presale, and real-world use cases

News source:bitcoinist.com

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