U.Today: Early adopter Jeremie Davinci has taken to his account on social media giant , can achieve in this market cycle in market terms. capitalization value.
He made a pretty bold prediction that will probably make meme coin investors happy.
The first Bitcoin millionaire claimed that during the last market cycle, the leading meme coin DOGE managed to skyrocket to a market capitalization value of $88.8 billion, while the market capitalization of the second largest meme digital currency, Shiba Inu, soared to $40 billion.
Davinci believes that in this cycle, all meme coins as an asset class are likely to reach the massive market cap of $1 trillion, this is slightly below the level that Bitcoin's market cap is at in the At the time of writing this article: $1,320,587,283,299, according to the data. provided by CoinMarketCap.
Following the staggering 14% surge seen by Dogecoin this week, in the last 24 hours, the original meme cryptocurrency is down 5%, falling from the recent local high of $0.12835 to $0.12202, where it is changing hands at this time. moment. The market capitalization of DOGE currently constitutes $17,813,363,036.
As for SHIB, this metric stands at $10,533,255,950, while the dog-themed coin is selling for $0.00001800. Today, it has reduced its losses a bit after falling 6.64% over the past day.
This article was originally published on U.Today.
