Which Meme Coin Will Reach $0.01 First – Turbo, Pepe or Bonk?
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.
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Dogecoin Whales Buy Over 80 Million DOGE In 24 Hours – Sign Of Recovery?
SEC Greenlights Ethereum ETFs: Price Forecast Predicts ETH Could Hit $9,600
The SEC’s green light for Ethereum ETFs has sparked a frenzy of activity in the crypto market. Major players are strategically positioning themselves, anticipating a surge in demand.
This landmark decision has also ignited optimistic price predictions, with some forecasting ETH could reach as high as $9,600.
Amidst this excitement, institutional giant Grayscale transferred over $1 billion of ETH to Coinbase, while a dormant “whale” holding $3.3 million has resurfaced, signalling potential market shifts.
SEC Approves VanEck Ethereum ETF, Grayscale Launches ETH ETFs on NYSE
The SEC has approved the VanEck Ethereum ETF, marking a significant milestone for the cryptocurrency market.
This approval follows a series of regulatory filings and amendments by VanEck, dating back to May 2021.
the ether exists in the context of all in which the ether lives and what came before the ether
— VanEck (@vaneck_us) July 23, 2024
Other key filings leading to this approval include the Prospectus under Rule 424(b)(3) and multiple amendments to Form S-1.
- VanEck began pushing for a spot Ether ETF in May 2021.
- Prospectus under Rule 424(b)(3) and multiple amendments to Form S-1 were filed.
Grayscale transfers over $1 billion of ETH to Coinbase
Following the SEC’s approval, Grayscale, a leading digital asset management firm, has transferred over $1 billion worth of ETH to Coinbase, a popular cryptocurrency exchange.
This move suggests institutional anticipation for increased demand for ETH as ETFs become available.
Adding to the excitement, a dormant ETH wallet, untouched since the initial coin offering (ICO) nine years ago, has suddenly become active. This “whale,” holding a substantial amount of ETH valued at $3.3 million, may be preparing to sell as the ETF trading begins.
Eth ETF race has already begun w/ a transfer from $ETHE to its mini-me = $ETH gonna begin its life w/ $1b and a category-low 15bp fee. That’s a new variable in this race that we didn’t have in btc race. https://t.co/7v6kh8Kw5Q
— Eric Balchunas (@EricBalchunas) July 22, 2024
Dormant ETH ICO whale activates wallet with $3.3 million of ETH: Similar activity is seen with dormant Bitcoin wallets, indicating a broader trend of large holders potentially liquidating their assets.
Ethereum Price Forecast
Ethereum (ETH), the second-largest cryptocurrency, is currently trading at $3,415.15. It has recently dipped below a key price level of $3,440, which could indicate further price decreases. Think of this as a support beam breaking in a building – it can lead to further instability.
Currently, ETH seems a bit oversold, meaning it might be temporarily undervalued and could bounce back a little. It’s like a rubber ball hitting the floor – it’s likely to bounce back up before settling. However, if it can’t climb back above $3,475, we might see it fall to lower levels like $3,390, $3,299.78, or even $3,234.77.
So, what does this mean for you? If you’re thinking of selling ETH, below $3,475 might be a good entry point. But, keep an eye on that $3,475 level. If ETH goes above it and stays there, the price might actually increase instead.
Ethereum’s recent ETF approval is fueling excitement in the crypto market. But while institutional investors make headlines, there’s another corner of the crypto world buzzing with potential: meme coins.
Base Dawgz: The Meme Coin with a Share-to-Earn Twist
Base Dawgz isn’t just another dog-themed token; it’s revolutionizing the meme coin space. By rewarding community members with tokens for sharing content on social media, it turns marketing into a community-driven effort. Referrals also earn rewards, making it a win-win for everyone involved.
But the fun doesn’t stop there. Base Dawgz plans to introduce staking rewards, offering another way to grow your holdings.
Don’t Miss the Pre-launch Price
The presale is on, and you can grab $DAWGZ tokens for just $0.006725. With multiple purchase options including stablecoins, it’s easy and secure. But don’t wait, this price won’t last long!
Join the Base Dawgz community on X and Telegram, and don’t miss out on Base’s next big meme coin sensation.
The post SEC Greenlights Ethereum ETFs: Price Forecast Predicts ETH Could Hit $9,600 appeared first on Cryptonews.
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