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Which cryptocurrency will reach $0.01 first?
After DogecoinShiba Inu and Pepe Coin are the top contenders in the meme currency segment in 2024. The two cryptocurrencies command a larger than life fan following with a huge community presence on social media. They have the support of over a million investors who are rooting for the success of SHIB and PEPE tokens. The support comes after SHIB and PEPE brought life-changing gains to early investors during the token’s inception days.
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Which cryptocurrency will hit $0.01? Shiba Inu or Pepe Coin
Shiba Inu is trading around the $0.000017 level while Pepe Coin is hovering around the $0.0000095 price range. While SHIB is up 115% year-on-year, Pepe Coin is up 470% in the same period. Both the tokens have produced stellar returns in a year and have doubled investors’ money. Since both the cryptocurrencies have produced positive returns, which one will reach the $0.01 milestone first?
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In this article, we will highlight which cryptocurrency could break the 1 cent mark first, will it be SHIB or Pepe Coin? Shiba Inu needs to increase by 60,000% from its current price of $0.000017 to reach the $0.01 mark. On the other hand, Pepe Coin needs to increase by 120,000% from its current price of $0.0000095 to reach the $0.01 mark.
Therefore, SHIB is much closer to the $0.01 mark than Pepe Coin is currently close to hitting the $0.01 mark. If the cryptocurrency market starts a bull run, Shiba Inu and Pepe Coin could hit new highs. However, both cryptocurrencies tend to drop sharply after a price surge.
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This makes it more difficult for both cryptocurrencies to reach the $0.01 milestone. The development pushes back the provisional $0.01 timeline for Shiba Inu and Pepe Coin. Only time will tell whether SHIB or Pepe Coin will reach $0.01 first.