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A few coins are currently making headlines, including Shiba Inu, Dogecoin, and a popular newcomer. Investors are keeping an eye on the current prices and speculating on the possibility of Shiba Inu and Dogecoin reaching the coveted $1 mark.
In this context, let’s take a closer look at the recent performances of these meme coins and what sets them apart.
Shiba Inu’s climb
Shiba Inu is currently standing at $0.000009837. SHIB has seen a modest increase of 2.68% in the last week.
As a meme coin, Shiba Inu gained massive popularity for its Shiba-themed community with its playful branding.
But the answer to many investors’ questions is whether Shiba Inu can break through the $1 barrier anytime soon, which is not that simple.
To reach $1, Shiba Inu would require an astronomical market cap of approximately $590.32 trillion—a seemingly far-fetched goal given the total market cap of all cryptocurrencies combined in 2021 was around $2 trillion.
Achieving this milestone would necessitate an astounding 13,337,747,112.36% increase in SHIB’s market cap.
While it is not impossible, the chances of Shiba Inu reaching $1 are highly speculative and volatile, and a massive market shift would be required to make this a reality.
Dogecoin’s dance with bulls
Compared to Shiba Inu, Dogecoin has been experiencing a better upswing in the last week. DOGE is priced at $0.08717 and has witnessed a 5.93% gain.
It started with skepticism but has surprised many with its resilience and growing community support.
For Dogecoin to hit $1, it would need a market cap of approximately $141.24 billion. This implies a 1477.68% increase in DOGE’s market capitalization.
While both coins have captivated audiences, Dogecoin has a more feasible journey to $1.
However, its potential to make it to $1 is still heavily debated.
BEFE Coin: A new meme
Alongside meme coins like Shiba Inu and Dogecoin, BEFE Coin has been stealing the spotlight.
Riding the crypto wave and the current price surge with a vision to revolutionize meme coins, BEFE Coin has lately caught the attention of several investors.
Bitgert powers BEFE Coin, providing high-performance transactions, smart contracts, and cross-chain interoperability.
Analysts are buzzing about the potential of BEFE Coin to hit $1, driven by its increasing demand, favorable market sentiment, and Bitgert’s strong tech adoption.
BEFE is supported by a robust blockchain that significantly impacts the crypto community, unlike Shiba Inu and Dogecoin.
Conclusion
The crypto trio of Shiba Inu, Dogecoin, and BEFE Coin brings excitement to the market.
While the $1 target remains speculative, the dynamics of these tokens and BEFE Coin’s prospects make them compelling subjects in the crypto narrative.
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