Early Bitcoin adopter Jeremie Davinci has shared a bold prediction regarding the future of meme coins, including leading tokens Dogecoin and Shiba Inu, on the social media platform X (formerly Twitter). He suggests that meme coins could collectively achieve a staggering $1 trillion market capitalization in this market cycle.
Davinci noted that in the previous cycle, Dogecoin’s market cap peaked at $88.8 billion, while Shiba Inu reached approximately $40 billion. Given the current market dynamics, he believes the entire meme coin category could approach a valuation just below Bitcoin’s current market cap of around $1.32 trillion.
Following a 14% increase earlier this week, Dogecoin has recently experienced a 5% decline, trading at $0.12202 with a market cap of approximately $17.8 billion. Meanwhile, Shiba Inu’s market cap stands at about $10.5 billion, with the token priced at $0.00001800 after a 6.64% drop in the past day. Davinci’s optimistic outlook could bring hope to meme coin investors as the market evolves.
Related Topics:
