Milestones play a significant role in the world of wild meme coins, with traders often focusing on market cap as a key indicator of long-term staying power. Achieving a market cap of $100 million or $1 billion is considered a monumental milestone in the world of meme coins. For example, Dogecoin reached $0.01 in December 2017, a significant increase from its 2015 lows, and went on to reach around $0.74 in 2021. Dogecoin traders are now focused on reaching the $1 level, which would coincide with a market cap of over $140 billion. Other meme coins like Turbo, Pepe, and Bonk are also striving to reach the $0.01 milestone by increasing their market caps.
Turbo (TURBO) is a meme coin designed by ChatGPT and was last trading just under $0.006, slightly below the $0.01 level it nearly hit earlier in the year. A 60% increase from its current levels could see TURBO reaching $0.01, a common occurrence in the world of meme coins where exponential gains are expected. With a market cap of $370 million, there is still plenty of room for TURBO to grow beyond $0.01. Pepe (PEPE) is another major meme crypto with a market cap of $5 billion but a price of only $0.00001179. This significant difference in price indicates that PEPE has a long way to go before reaching $0.01 and may not achieve such a high price any time soon. Similarly, Bonk (BONK) has a market cap of $1.9 billion but a price of $0.00002754, making it unlikely to reach $0.01 in the near future.
Investors looking for potential big gains in the world of meme coins may consider newly launched meme coins as an alternative to established names. One such coin that analysts believe has strong potential is Meme Games (MEME). This new meme coin may have the potential to deliver significant gains and could potentially 100x in value. While household meme coins like Dogecoin, Turbo, Pepe, and Bonk are well-known, newer meme coins such as MEME may offer alternate opportunities for growth and investment. As the meme coin market continues to evolve, investors may find value in considering a diverse range of meme coins for potential gains in the future.
