Which Meme Coin Will Be the First to Hit $0.01 – Turbo, Pepe, or Bonk?

Milestones play a significant role in the vibrant meme coin ecosystem. Traders often concentrate on market capitalization.

Achieving a market cap of $100 million for a meme coin attracts considerable attention and indicates potential long-term viability.

When a meme coin reaches unicorn status—defined as a market cap of $1 billion—it represents a significant achievement.

However, meme coin traders frequently emphasize price, establishing entertaining price targets.

This was notably the case with Dogecoin. DOGE attained $0.01 in December 2017, marking a 1,000x increase from its lows in 2015.

It then went on to reach $0.1 in 2021, eventually hitting approximately $0.74 later that year.

DOGEUSD / Source: TradingView

Dogecoin enthusiasts are naturally targeting the $1 mark. Achieving this would mean DOGE surpassing a market cap of $140 billion.

Some believe that, assuming a parabolic phase in the crypto bull market is still forthcoming, DOGE could reach this level in the next few years.

Part of the excitement in meme coin markets lies in generating a vast token supply with a minimal price featuring numerous zeros.

However, as cryptocurrencies evolve, like DOGE did, those zeros can be eliminated. So, could emerging coins such as Turbo, Pepe, and Bonk soon reach $0.01?

Turbo (TURBO)

The ChatGPT-designed meme coin Turbo (TURBO) was recently trading just below $0.006.

This positions it slightly over 40% down from the critical $0.01 threshold it nearly achieved earlier this year.

TURBOUSD / Source: TradingView

A jump of approximately 60% from current levels would be required for TURBO to reach $0.01.

In the realm of meme coins, a 60% increase is relatively minor. These coins are known for achieving rapid exponential gains.

With a current market cap of $370 million, there is ample opportunity for TURBO to grow.

This meme coin could easily attain a market cap of $1 billion, which would elevate its price well above $0.01.

Pepe (PEPE)

Pepe (PEPE) ranks among the largest meme cryptocurrencies currently available. Its market cap was last noted at around $5 billion.

However, the PEPE price was last recorded at approximately $0.00001179, according to CoinMarketCap.

This is roughly 1,000x lower than the $0.01 mark. So, is it feasible for Pepe to achieve a 1000x increase to a market cap of $5 trillion? While nothing can be dismissed in crypto,

it seems improbable given that Bitcoin’s market cap is just over $1.3 billion.

Thus, PEPE is unlikely to reach $0.01 in the near future.

Bonk (BONK)

Bonk (BONK) is another prominent meme cryptocurrency with a market cap of $1.9 billion.

However, similar to Pepe, its price remains significantly below $0.01. Indeed, according to CoinMarketCap, its price was last around $0.00002754.

This is about 500x lower than $0.01. So, could Bonk achieve a 500x increase to a market cap of $1 trillion?

Once again, while nothing is impossible in the crypto space, it appears unlikely that Bonk will reach a $1 trillion market cap, just as it is improbable for Pepe to hit $5 trillion.

Meme Coin Alternative to Consider

The cryptocurrencies mentioned above are all well-known names that could perform strongly in the upcoming years.

However, investors seeking substantial returns should explore newly launched meme coins.

One new meme coin that analysts at Cryptonews.com believe has significant potential is Meme Games (MEME).

Discover why Cryptonews’ in-house analyst Chester believes the coin could achieve a 100x increase below.

The post Which Meme Coin Will Reach $0.01 First – Turbo, Pepe or Bonk? appeared first on Cryptonews.