Shiba

Smog

Shiba Inu

Elon Musk

<img src="https://cdn.thebittimes.com/images/2024/03/04/1709555401.webp" width="800" height="450" alt="">
Bitcoin is up again, and so are the parabolic price actions that make cryptocurrencies an exciting investment. People are looking at memecoins specifically since their inexpensive nature has made them susceptible to 5-digit gains in the past.&nbsp;
Some of the top memecoins that are trending the most right now include Dogecoin, Pepe, Shiba Inu, and new contenders like <a href="https://shrt.care/1055c6b7?referrer=which-meme-coins-can-hit-$1-first---dogecoin-pepe-shiba-inu-or-smog-" target="_blank" rel="noopener noreferrer nofollow">Smog</a>. Which one of them will hit the $1 mark first?
<h2 dir="ltr" id="span-dogecoin-is-merely-an-625-increase-away-from-being-a-1-crypto-span">Dogecoin is Merely an 625% Increase Away From Being a $1 Crypto</h2>
While 625% may seem like too big of a number, this is entirely possible in the realm of memecoins.&nbsp;
In 2021, DOGE rose by 10824% to reach its all-time high. The subsequent retrace was drastic, but the community has continued to support it. Elon Musk is often seen pushing DOGE, creating volatile spikes now and then.&nbsp;
And currently, thanks to Bitcoin closing in on its all-time high again, Doge is one of the memecoin that has experienced a pump.&nbsp;
Dogecoin has experienced a 98.06% increase since last week. Even though the green wicks are getting smaller, the excitement is getting larger.&nbsp;
&nbsp;
<img src="https://lh7-us.googleusercontent.com/p4C2mZzVCf8OX4_GYPq-LMR9lxuK6fTsPBSpX-xkxqKDC10bp1tCLW4jU0AappMHtGtmZTewtRZpyev6ImgZwSe9GiJDpwopcRkJppJg_qEuiZYssZ52kZPT83PmGFsj4t9di043J2aUeayeAjk2N58" width="602" height="295" style="display: block; margin-left: auto; margin-right: auto;">
At press time, Dogecoin is valued at $0.16. With a circulating supply of 143.28 Billion
Its current market capitalization stands at $23.32 billion. If Dogecoin becomes a $1 crypto, its market capitalization will be $143 billion. This incident can make Dogecoin flip Tether, whose current market capitalization is $99 billion, and become the third biggest crypto by market cap.&nbsp;
Is it a realistic goal? Well, major parabolic action has to happen for Dogecoin to experience a 625% increase. Furthermore, it has to move past it's all-time high of $0.73 to achieve it. Current market conditions, even though bullish, aren’t fueling Dogecoin’s value too much.&nbsp;
<h2 dir="ltr" id="span-shiba-inu-need-a-pump-by-62500x-to-reach-1-span">Shiba Inu Need a Pump by 62500x to Reach $1</h2>
For Shiba Inu (SHIB) to achieve a $1 valuation, it has to pump by more than 62500x. This requirement is extremely high, especially considering that the jumps SHIB is receiving as of late have been in single and double digits only.
Needless to say, Shiba has not been affected a lot by the memecoin mania or the current ongoing bullish phase for Bitcoin. At present, it is valued at $0.000016. With a circulating supply of 589.2 trillion, this makes SHIB’s current market cap $14.89 billion. The market’s recent positive conditions have been able to push SHIB up by a meager 173.80% since last week.&nbsp;
<img src="https://lh7-us.googleusercontent.com/e8Q14bTMODXurTHDpIl71_yJ6QbOAXZW7icC8hkgt-cia1tE9myk1LrItgQu4kcR63tvNUk5MRWoiNSHYaL9enbwoI0kjuHfAB9x0zsGyW_HT7l7jeGe5GjUQ6I-vPpQQFbYDZknCHhjIyzTVZr4ZB4" width="602" height="293" style="display: block; margin-left: auto; margin-right: auto;">
If there is a major parabolic action for the SHIB token, and we are talking big where the entire community is concentrated on pumping Shiba Inu alone, only then can it reach $1.&nbsp;
That would make SHIB the biggest cryptocurrency to date, surpassing Bitcoin as the biggest coin by market capitalization. It is not a realistic expectation by a long stretch. Shiba Inu has more competitors already, and all of them have gone much more viral.&nbsp;
<h2 dir="ltr" id="span-pepe-needs-a-pump-by-166-666x-to-reach-1-span">Pepe Needs a Pump by 166,666X to Reach $1</h2>
PEPE, a token whose name has become synonymous with memecoin mania, has also been able to ride the wave of the current bull market to gain ground on the price charts. However, after its recent pump by 209%, the community’s support for this token has started to recede.&nbsp;
At press time, PEPE is trading around the $0.000006 mark. For the token to reach the coveted $1 value, it must pump by an inconceivable 166,666x.
<img src="https://lh7-us.googleusercontent.com/-mMasEbWKEodOZ-ZV8pEL_1QwzMMr5j68m6182TeWAf0txWfnoisLjp3mU-24q7DlibJPBws1lFfjVPmF8F0kXH1fRJcnCM6gfQoGWhwcJsm7Tx1CmC5S3HQ3uPxrlWkTtf9wzPnMNzd8glLIgVhHAM" width="602" height="293" style="display: block; margin-left: auto; margin-right: auto;">
Even though Pepe did become one of the fastest tokens to reach a $1 billion market capitalization in 2023, chances of it doing an encore and moving up by even 5 digits are very slim.&nbsp;
But if it does, it will become the biggest crypto by market capitalization, valued at more than $420 trillion.
It is a big if, especially since the community around PEPE, as powerful as it may be, isn’t very supportive. There are no utilities to speak of, and many PEPE competitors have already emerged. Most of them are providing a more robust community and experience.&nbsp;
<h2 dir="ltr" id="span-smog-only-needs-a-900-rise-to-reach-1-span">Smog Only Needs a 900% Rise to Reach $1</h2>
<a href="https://shrt.care/1055c6b7?referrer=which-meme-coins-can-hit-$1-first---dogecoin-pepe-shiba-inu-or-smog-" target="_blank" rel="noopener noreferrer nofollow">Smog token</a> arrived on the market with a bang with its launch on Jupiter DEX and its Solana-based ecosystem. The crypto community’s eyes are already trained on Solana, and many consider it a crypto underdog.&nbsp;
Smog’s appearance on the Solana blockchain, coupled with its unique fundamentals, allowed it to hit the ground running and establish an uptrend of more than 6000%. At press time, the SMOG price is around the $0.11 mark, which means it needs a 900% increase to reach $1.&nbsp;
<img src="https://lh7-us.googleusercontent.com/DUPlGGZKB9jlJxy56X-uNui3Ae6ZUtjFJBWsuq5BELlpdTRwn5QW2nqfDkl2r7ALIfsJKWnLcJTurRR43-FXhQTleF41ewQcQr2yBGsNjNp3V2ShoDnBupBmEYFh22hSvnQ81dxcXq3_H--UvZytjpg" width="609" height="607" style="display: block; margin-left: auto; margin-right: auto;">
With the circulating supply of 779 million, Smog’s fully diluted market cap will be approximately $1 billion if it reaches the $1 price mark, still lower than that of Dogecoin, Shiba Inu and Pepe today.&nbsp;
Is it a realistic goal? If we go by the token’s historical performance, and it is not that old - listed February 7th - there is a possibility for it to grow.&nbsp;
Smog’s unique imagery and narrative already established it as a unique meme coin. With its gamified airdrop mechanic, it gains a utility that could help it sustain itself long-term. This game format consists of quests designed to expand the community and strengthen it - potentially allowing its low market cap to rise by another 9x.&nbsp;
That's why Smog will likely become the first meme coin to reach $1 from our analysis - find the full Smog roadmap at <a href="https://shrt.care/1055c6b7?referrer=which-meme-coins-can-hit-$1-first---dogecoin-pepe-shiba-inu-or-smog-" target="_blank" rel="noopener noreferrer nofollow">smogtoken.com</a>.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/which-meme-coins-can-hit-1-first-dogecoin-pepe-shiba-inu-or-smog-tbt81545.html">https://thebittimes.com/which-meme-coins-can-hit-1-first-dogecoin-pepe-shiba-inu-or-smog-tbt81545.html</a>

Which Meme Coins Can Hit $1 First - Dogecoin, Pepe, Shiba Inu or Smog

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