Crypto Trading Fundamental

Can a meme coin actually reach $1? If yes, which meme coin?

Can a meme coin actually reach $1?

I mean, we’ve all seen tweets and TikToks of people saying,
“If Dogecoin hits $1, I’m retiring,” or “This new coin is the next Shiba Inu.”

But is that even possible — mathematically, economically, and psychologically?

Today, we’ll break it all down using real research, a famous case study, and a bit of hard truth.

THE CASE STUDY: DOGECOIN’S $0.74 MOMENT

Back in May 2021, Dogecoin, the original meme coin, reached $0.74 — its all-time high.

Millions of people were holding on, hoping it would hit the $1 mark.

At its peak, Dogecoin had a market cap of over $90 billion — higher than many real-world companies.

But here’s the crazy part: Dogecoin didn’t get there because of its tech. It has no supply cap, it’s not fast, and it wasn’t even being developed seriously.

It got there because of one thing: mass belief powered by memes.

Elon Musk tweeted about it, Reddit pushed it, and TikTok created viral campaigns like “Let’s get DOGE to $1.”

But… it never actually hit $1.

Why?

Because market cap math kicked in — to go from $0.74 to $1, it needed to jump another $35 billion in market cap. And the hype started cooling before that could happen.

THE REALITY: MARKET CAP MATTERS MORE THAN PRICE

Let’s break this down.

If a meme coin has 1 trillion tokens, for it to hit $1, the market cap must be $1 trillion — which is more than Bitcoin + Ethereum combined at the time of writing.

Most people forget this and focus only on price per coin, not market cap.

That’s the psychological trap.

They think, “It’s only 0.00005 cents, imagine if it hits $1!”
But they don’t realize it would need to outperform the entire crypto industry to do that.

That’s why understanding tokenomics is more important than hype.

LATEST RESEARCH: WHICH MEME COIN HAS THE BEST SHOT?

As of early 2025, we’re seeing a shift in the meme coin world.

There are 3 meme coins people are watching closely:

Shiba Inu (SHIB) – With massive supply, but an active burn mechanism and real utility efforts (Shibarium).
Pepe (PEPE) – Ultra-viral, no real utility yet, but gaining attention on major exchanges.
Bonk (BONK) – Solana-based meme coin, strong community, fast network, and recent partnerships.

Out of these, SHIB has the most realistic shot — not of reaching $1 (its supply is too huge),
but of increasing price significantly because:

It has a burn strategy that reduces supply.
It launched Shibarium, its own Layer 2 blockchain.
It’s building utility with NFTs and DeFi integrations.

Will it hit $1? No — unless 99% of its tokens are burned.
But it could 10x or more if it continues this momentum.

REAL-LIFE EXAMPLE: THE PSYCHOLOGY OF “IF IT JUST HITS $1…”

I once spoke to a friend in 2021 who bought 1 million SHIB for a few bucks.

He told me, “Bro, if this hits $1, I’m done working forever.”

I asked him, “Do you know how much market cap SHIB would need to hit that?”

He said, “I don’t know… but imagine if it happens.”

That’s the External Locus of Control — the belief that luck or the universe will do the work.

But smart investors think differently. They ask:

What’s the supply?
Who’s behind this project?
What’s the community doing?
Are there burn mechanisms?

They have an Internal Locus of Control — and they study before investing.

So, can a meme coin reach $1?

✔ Technically? Yes — but only if the supply is low and demand is explosive.
✔ Practically? Only meme coins with real burn mechanisms and growing ecosystems have a shot at massive price appreciation.

If you're betting on a meme coin to get rich, stop and ask yourself: