The two most talked about names in the cryptocurrency market in recent days, Shiba Inu ($SHIB ) and Pepe ($PEPE ), continue to attract investors' attention. These two popular meme coins, in particular, manage to stay on the agenda with hopes of progressing towards the $1 target. Here are the current data and developments on this journey:
The Rise of SHIB
Shiba Inu has been preferred by millions of investors since its launch in 2020. In the last month, SHIB has delighted its investors by showing a 12% increase.
Current Price: 0.00003630 USD
Market Value: 21.6 billion USD
Last 24 Hour Trading Volume: 322 million USD
The Shiba Inu ecosystem is especially strengthened by innovations such as Shibarium. Thanks to this technology, SHIB transactions are faster and at lower costs. Experts predict that Shibarium could increase the price of SHIB in the long run.
PEPE's Surprise Performance
PEPE has achieved rapid growth despite being launched in 2023. It attracted attention in the markets with an 8% increase in the last 24 hours.
PEPE is an attractive option for new investors, especially due to its low price. In addition, the decrease in PEPE's circulating supply due to burning operations strengthens the possibility of a further increase in price.
How Realistic Is the $1 Target?
According to analysts, both SHIB and PEPE seem unlikely to reach the $1 target in the short term. However, for these two coins:
1. SHIB: Large-scale burns and Shibarium adoption could trigger the price. For SHIB to reach $1, its market value would need to rise to 1,000 times the current value.
2. PEPE: The support of big whales and the decrease in supply can push PEPE to 0.01 USD in the long run. However, in order for PEPE to reach 1 dollar, the supply must be reduced significantly.
What Should Investors Do?
SHIB and PEPE require careful investment due to their high volatility. However, due to their current low prices, they can offer big profit opportunities for small investors.
Conclusion: Although SHIB and PEPE’s $1 target is not realistic in the short term, developments in their ecosystems and burn policies keep faith in this target alive. It is of great importance for investors to follow market conditions closely.
Note: This article does not constitute investment advice; it is for informational purposes only.