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.
After the staggering 14% increase witnessed by Dogecoin 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.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
