Milestones are a huge narrative in the wild meme coin world. Often, traders are focused on market cap.
If a meme coin can hit $100 million, that turns a lot of heads and signifies that it could have long-term staying power.
If a meme coin can become a unicorn crypto – i.e. a market cap of $1 billion – this is a monumental milestone.
But meme coin traders frequently focus on price, setting fun price targets.
This was most famously the case with Dogecoin. DOGE reached $0.01 in December 2017, a 1,000x up from its 2015 lows.
It then proceeded to claim the $0.1 in 2021, before reaching around $0.74 later in the year.
Dogecoin traders are of course focused on the $1 level. That would coincide with DOGE hitting a market cap of above $140 billion.
Some think that, assuming a parabolic stage to the crypto bull market is yet to come, DOGE could punch this high in the coming years.
Part of the fun in meme coin markets is creating a massive token supply and a tiny price with many zeros.
But as cryptos progress like DOGE did, zeros are erased. So, could up-and-coming coins like Turbo, Pepe and Bonk soon hit $0.01?
Turbo (TURBO)
ChatGPT-designed meme coin Turbo (TURBO) was last trading just under $0.006.
That leaves it just over 40% down from the crucial $0.01 level it nearly hit earlier in the year.
It would only take a 60%ish jump from current levels for TURBO to hit $0.01.
In meme coin markets, a 60% jump is nothing. Meme coins are famed for posting quick exponential gains.
With a current market cap of $370 million, there remains plenty of room left for TURBO growth.
This meme coin could easily hit $1 billion, which would take its price well above $0.01.
Pepe (PEPE)
Pepe (PEPE) is one of the biggest meme cryptos currently on the market. Its market cap was last around $5 billion.
But the PEPE price was last around $0.00001179, as per CoinMarketCap.
That’s around 1,000x below a price of $0.01. So can Pepe 1000x to a market cap of $5 trillion. Well, you can’t rule anything out in crypto.
But considering Bitcoin’s market cap is only a little more than $1.3 billion, that seems highly unlikely.
PEPE, thus, isn’t likely to hit $0.01 any time soon.
Bonk (BONK)
Bonk (BONK) is another major meme crypto with a market cap of $1.9 billion.
But, similar to Pepe, its price is well, well below $0.01. Indeed, as per CoinMarketCap, its price was last around $0.00002754.
That’s around 500x below $0.01. So can Bonk 500x to a market cap of $1 trillion?
Again, nothing is impossible in crypto. But just like its unlikely that Pepe will hit $5 trillion, Bonk is unlikely to hit $1 trillion.
Meme Coin Alternative to Consider
The above cryptos are all household names that could perform very well in the coming years.
But investors looking for the big gains should consider newly launched meme coins.
One new meme coin that analysts at Cryptonews.com think has a lot of potential is Meme Games (MEME).
See why Cryptonews’ inhouse analyst Chester thinks the coin can 100x below.
The post Which Meme Coin Will Reach $0.01 First – Turbo, Pepe or Bonk? appeared first on Cryptonews.
