PEPE or SHIB: Which Can Reach $1 First?
As of now, both PEPE and SHIB are meme coins, and their prices are far from $1. Guessing which one will reach $1 first really depends on some luck, as it depends on many factors, such as how the market moves, retail investors' sentiments, and the overall environment of the cryptocurrency market.
Let's take a look at SHIB:
Compared to PEPE, SHIB has a much larger community and has been around longer. It surged in price before, and has many big plans, such as the ShibaSwap exchange and the Shiba Inu metaverse.
However, SHIB has a particularly large total supply, and for it to reach $1, its market cap would need to exceed a trillion, which would require people all over the world to love it, and for the market to undergo a dramatic change.
Now, let's look at PEPE:
PEPE is much newer than SHIB and is not as popular yet. However, meme coins can sometimes become inexplicably popular; with a bit of hype on social media, the price can rise quickly.
PEPE also has more supply than demand, so it will require a lot of people and money to support it to touch the $1 mark.
In summary:
For either of these coins to reach $1, there needs to be a significant increase in demand and a significant decrease in supply, along with broader acceptance. The SHIB community is large and has more infrastructure, but both coins need to gain immense popularity within their own circles for that to happen, making it quite uncertain.
In simple terms, it is unlikely that either PEPE or SHIB will suddenly jump to $1. Even if they do rise, it will be a gradual process, so don’t expect to get rich overnight.
Recently, I plan to lay low on a potential coin that is ready to explode; doubling my investment should be quite simple. At the same time, I am looking for some potential coins to hold until the end of the year, expecting a return of 10 times or more is definitely possible. If you want to keep up, leave a comment, follow, like, and share for free.
