U.Today – Early marketer Jeremie Davinci logged into his account on social media giant X (formerly known as Twitter) to share his opinion on what he thinks meme coins, including flagships, are for and , may reach this market cycle in terms of market capitalization value.
He made a pretty bold prediction that will likely make meme coin investors very cheerful.
The early Bitcoin millionaire stated that during the last market cycle, leading meme coin DOGE managed to reach a market capitalization of $88.8 billion, while the market capitalization of the second largest digital meme currency, Shiba Inu, rose to as high as $40 billion.
Davinci believes that all meme coins as an asset class will likely reach a market capitalization of $1 trillion this cycle – which is just below Bitcoin’s market capitalization level at the time of writing – according to data being $1,320,587,283,299 provided by CoinMarketCap.
Following the staggering 14% surge witnessed by Dogecoin this week, the original meme cryptocurrency is down 5% in the last 24 hours, falling from its recent local high of $0.12835 to $0.12202, where it is currently changing hands. DOGE’s market capitalization is currently $17,813,363,036.
As for the SHIB, the value is $10,533,255,950, while the dog-themed coin is worth $0.00001800. It has recovered somewhat today after falling 6.64% over the past day.
