Davinci

Davinci Jeremie

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Early Bitcoin adopter <a href="https://u.today/jeremy-davinci-teases-bitcoin-btc-rally-on-bollinger-bands-nudging" rel="noopener noreferrer nofollow">Jeremie Davinci</a> has taken to his account on the X social media giant (formerly known as Twitter) to share his take on what he believes meme coins, including flagships Dogecoin and Shiba Inu, can reach in this market cycle in terms of market capitalization value.
He made quite a bold prediction that is likely to make meme coin investors happy.
The early Bitcoin millionaire stated that during the last market cycle, leading meme coin DOGE managed to soar to a $88.8 billion market cap value, while the second largest meme digital currency, Shiba Inu’s, market cap skyrocketed as high as $40 billion.
Davinci believes that in this cycle, all meme coins as an asset class are likely to reach a whopping $1 trillion market capitalization – this is slightly below the level where Bitcoin’s market cap is sitting at the time of this writing - $1,320,587,283,299, according to the data provided by CoinMarketCap.
<blockquote>
 Last cycle we saw <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a> coin hit $88.8 billion market cap &amp; <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> hit $40 billion.I think we’ll see memes as an asset class hit close to $1 trillion market cap this cycle— Davinci Jeremie (@Davincij15) <a href="https://twitter.com/Davincij15/status/1846823921657827494?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 17, 2024</a>
</blockquote>
After the staggering 14% increase witnessed by <a href="https://u.today/dogecoin-doge-rockets-900-million-in-24-hour-bullish-whale-craze" rel="noopener noreferrer nofollow">Dogecoin</a> this week, over the past 24 hours, the original meme cryptocurrency descended by 5%, falling from the recent local high of $0.12835 to the $0.12202, where it is changing hands at the moment. DOGE's market cap currently constitutes $17,813,363,036.
As for SHIB, this metric stands at $10,533,255,950, while the canine-themed coin is going for $0.00001800. Today, it has pared its losses a little after decreasing by 6.64% over the past day.

Meme Coins (DOGE, SHIB) to Hit $1 Triillion Market Cap This Cycle: Jeremie Davinci

U_Today

Other articles published on Oct 17, 2024

After Toncoin’s Success: Grab Qubetics Before It Takes Off—Potential 1600% Returns!

Upbit Announces Listing of a New Altcoin, Price Makes a Huge Jump!

SEC Shake-Up Ahead? Donalds Predicts Gensler’s Exit Under Trump

Stripe in Discussions to Acquire Stablecoin Transaction Platform Bridge: Bloomberg

BREAKING: Person Arrested for Hacking SEC’s Twitter Account and Sharing Fake Bitcoin ETF Approval

Affordable Cryptos Ready for a Strong Performance in 2024

Join our free newsletter for daily crypto updates!